Seller's Agent in 2022
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
(310) 259-7556
3 in this area
190 Total Sales
338 W Magnolia St Compton, CA 90220
Estimated Value: $881,000 - $1,032,000
4
Beds
4
Baths
2,360
Sq Ft
$398/Sq Ft
Est. Value
About This Home
As of March 2022338 W Magnolia St is a 4-Unit asset located in the heart of Compton. One unit
will be delivered tenant ready, beneficial to the new owner! This value-add asset is
comprised of (4) 1-bedroom/1-bath units, currently operating at a 4.42% CAP.
The building has 2,360 Sq.Ft of living space and the units feature hardwood
floors, new interior paint, spacious layouts, and an open outdoor area. There
is laundry on-site, as well as 4 garage parking spots, plus one bonus outdoor
spot. Still plenty of room to grow the monthly rental income, with an 6.69%
Market CAP.
338 W Magnolia St in Compton sits on an oversized 7,203 SqFt Lot. This
value-add asset has over 26% in monthly rental income, once units are rented
for market! This is an ideal investment for any owner/user or investor looking
for massive upside.
The subject property is within walking distance of the Compton Library and
Martin Luther King Jr Memorial Park. Just a few miles away from $6 Billion
worth of development in Long Beach, including The Uptown Commons, and
plenty of new housing projects. Metro's "A-Line," running from Downtown Long
Beach to Downtown Los Angeles, also has a Compton station within a mile of
338 W Magnolia Street.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 01/11/2022
Last Buyer's Agent
Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 01/11/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,013
Year Built
- Built in 1939
Lot Details
- 7,203 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 2 Car Garage
Home Design
- 2,360 Sq Ft Home
- Quadruplex
Bedrooms and Bathrooms
- 4 Main Level Bedrooms
- 4 Full Bathrooms
Location
- Urban Location
Community Details
- No Home Owners Association
- 4 Units
Listing and Financial Details
- Tax Lot 2800
- Tax Tract Number 5922
- Assessor Parcel Number 6157017020
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 11, 2022
Closed on
Feb 10, 2022
Sold by
Neighborhood Advantage Llc
Bought by
Warren Alvin
Seller's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
List Price
$825,000
Sold Price
$825,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,887
Avg. Annual Appreciation
2.90%
Original Mortgage
$810,057
Outstanding Balance
$740,355
Interest Rate
2%
Mortgage Type
FHA
Estimated Equity
$172,193
Purchase Details
Closed on
Jan 29, 2014
Sold by
Okazaki Stanley
Bought by
Neighborhood Advantage Llc
Purchase Details
Closed on
Feb 1, 2012
Sold by
Okazaki Stanley
Bought by
Okazaki Stanley and The Okazaki Marital Trust
Purchase Details
Closed on
Sep 16, 2011
Sold by
Okazaki Dionisia
Bought by
Okazaki Stanley
Purchase Details
Closed on
Jul 8, 2011
Sold by
Lopez Cesar M
Bought by
Okazaki Stanley
Purchase Details
Closed on
Apr 10, 2006
Sold by
Coleman Darryl
Bought by
Lopez Cesar M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
2%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Nov 14, 2002
Sold by
Hernandez Ernesto
Bought by
Coleman Darryl
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,350
Interest Rate
6.06%
Purchase Details
Closed on
May 13, 2002
Sold by
Moreno Rafael
Bought by
Hernandez Ernesto
Purchase Details
Closed on
Jun 7, 2001
Sold by
Dream House Investment Llc
Bought by
Hernandez Ernesto and Moreno Rafael
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,369
Interest Rate
6.67%
Mortgage Type
FHA
Purchase Details
Closed on
Jan 29, 2001
Sold by
First Federal Bank Of California
Bought by
Dream House Investment Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,400
Interest Rate
6.89%
Purchase Details
Closed on
Sep 12, 2000
Sold by
Adolf Mary Ann
Bought by
First Federal Bank Of California
Purchase Details
Closed on
Sep 15, 1999
Sold by
Cyprus Brett
Bought by
Adolf Mary Ann
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
7.82%
Purchase Details
Closed on
Mar 4, 1999
Sold by
Cyprus Jane Dallen
Bought by
Cyprus Brett
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,600
Interest Rate
6.76%
Purchase Details
Closed on
Jan 28, 1999
Sold by
Alexander Jeff D
Bought by
Cyprus Brett M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,600
Interest Rate
6.76%
Purchase Details
Closed on
Apr 23, 1997
Sold by
Alexander Jeff D
Bought by
Aames Capital Corp
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Warren Alvin | $825,000 | Provident Title | |
| Neighborhood Advantage Llc | -- | Accommodation | |
| Okazaki Stanley | -- | None Available | |
| Okazaki Stanley | -- | Accommodation | |
| Okazaki Stanley | $235,000 | Lawyers Title | |
| Lopez Cesar M | $600,000 | Chicago Title | |
| Coleman Darryl | $261,500 | American Title Co | |
| Hernandez Ernesto | -- | -- | |
| Hernandez Ernesto | $245,000 | American Title Co | |
| Dream House Investment Llc | $140,000 | Equity Title | |
| First Federal Bank Of California | $195,000 | American Title | |
| Adolf Mary Ann | $225,000 | Southland Title | |
| Cyprus Brett | -- | Southland Title Corporation | |
| Cyprus Brett M | $88,404 | -- | |
| Aames Capital Corp | $83,462 | Orange Coast Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Warren Alvin | $810,057 | |
| Previous Owner | Lopez Cesar M | $540,000 | |
| Previous Owner | Coleman Darryl | $235,350 | |
| Previous Owner | Hernandez Ernesto | $231,369 | |
| Previous Owner | Dream House Investment Llc | $150,400 | |
| Previous Owner | Adolf Mary Ann | $202,500 | |
| Previous Owner | Cyprus Brett | $131,600 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/23/2022 03/23/22 | Sold | $825,000 | 0.0% | $350 / Sq Ft |
| 02/24/2022 02/24/22 | Pending | -- | -- | -- |
| 01/11/2022 01/11/22 | For Sale | $825,000 | -- | $350 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,013 | $875,496 | $557,134 | $318,362 |
| 2024 | $15,013 | $858,330 | $546,210 | $312,120 |
| 2023 | $14,838 | $841,500 | $535,500 | $306,000 |
| 2022 | $5,423 | $278,138 | $171,619 | $106,519 |
| 2021 | $5,458 | $272,685 | $168,254 | $104,431 |
| 2019 | $5,308 | $264,599 | $163,264 | $101,335 |
| 2018 | $5,104 | $259,412 | $160,063 | $99,349 |
| 2016 | $4,847 | $249,341 | $153,849 | $95,492 |
| 2015 | $4,643 | $245,597 | $151,539 | $94,058 |
| 2014 | $4,578 | $240,787 | $148,571 | $92,216 |
Source: Public Records
Agents Affiliated with this Home
-
Cameron Samimi
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB22005977
APN: 6157-017-020
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