NOT LISTED FOR SALE

345 W Magnolia St Compton, CA 90220

Estimated Value: $723,000 - $863,000

5 Beds
3 Baths
2,097 Sq Ft
$378/Sq Ft Est. Value

Last Sold December 27, 2017

Last sale price $485,000 $231 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $5,017/month

11 Days on Market

Highlights

  • Lawn
  • Laundry Room
  • Paved or Partially Paved Lot

About This Home

As of December 2017

Looking for the perfect INCOME property? Well, here it is!!! Great CASH FLOW. This triplex is low maintenance and has been beautifully remodeled. It contains new windows, remodeled kitchens and bathrooms as well as new paint work. Plumbing is completely updated. This income property comes with two 2 bedroom units and one 1 bedroom unit. All units have their own laundry hookups. There is a three car garage in the back with an extra 4 space parking area. Location is very convenient to city hall, schools, shops and freeways. PLEASE DO NOT DISTURB TENANTS!!!!!!

Last Agent to Sell the Property

Jocelyn Pierce

eXp Realty of California Inc. License #01974190 Listed on: 11/03/2017

eXp Realty of California Inc.

Last Buyer's Agent

Ray Penado

Excellence RE Real Estate License #01709871

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 5,992 Sq Ft Lot
  • Two or More Common Walls
  • Paved or Partially Paved Lot
  • Lawn
  • Front Yard

Parking

  • 4 Open Parking Spaces
  • 3 Car Garage

Home Design

  • 2,097 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Additional Features

  • Laundry Room
  • Urban Location

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 5922
  • Assessor Parcel Number 6157017039

Community Details

Overview

  • 3 Units

Building Details

  • Gardener Expense $40
  • Operating Expense $40
  • Gross Income $40,800
  • Net Operating Income $40,760

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

5,992 Sq Ft Lot

Parking

3

Listing Details

  • Property Attached: Yes
  • Zoning: CORH*
  • Property Type: Residential Income
  • Gardener Expense: 40.00
  • Parcel Number: 6157017039
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 231.28

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lawn, Paved
  • Lot Size Sq Ft: 5992.00

Multi Family

  • Gross Income: 40800.00
  • Gross Scheduled Income: 40800.00
  • Net Operating Income: 40760.00
  • Number Of Units Total: 3
  • Operating Expense: 40.00
  • Rent Control: No
  • Total Actual Rent: 3400.00
  • Total Expenses: 40.00

Tax Info

  • Tax Census Tract: 5426.02
  • Tax Lot: 12
  • Tax Tract Number: 5922

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 22, 2024
Sold by
Essex Sean
Bought by
Essex Harvina A
Current Estimated Value
$792,667

Purchase Details

Listed on
Nov 3, 2017
Closed on
Nov 21, 2017
Sold by
Osahi Llc
Bought by
Essex Sean
Seller's Agent
Jocelyn Pierce
eXp Realty of California Inc.
Buyer's Agent
Ray Penado
Excellence RE Real Estate
List Price
$469,000
Sold Price
$485,000
Premium/Discount to List
$16,000
3.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.16%
Original Mortgage
$495,427
Interest Rate
3.95%
Mortgage Type
VA

Purchase Details

Closed on
Jan 11, 2017
Sold by
Shofani Osama B
Bought by
Osahi Llc

Purchase Details

Listed on
Jun 7, 2016
Closed on
Sep 8, 2016
Sold by
Osahi Llc
Bought by
Shafani Osama B and Shofani Hilda
Seller's Agent
Jim Murrin
Berkshire Hathaway Hm Ser
Buyer's Agent
Salvador Farias
Keller Williams Pacific Estates Cerritos
List Price
$350,000
Sold Price
$325,000
Premium/Discount to List
-$25,000
-7.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.75%
Original Mortgage
$297,500
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 7, 2016
Closed on
Jul 12, 2016
Sold by
Wells Fargo Bank Na
Bought by
Osahi Llc
Seller's Agent
Jim Murrin
Berkshire Hathaway Hm Ser
Buyer's Agent
Salvador Farias
Keller Williams Pacific Estates Cerritos
List Price
$350,000
Sold Price
$325,000
Premium/Discount to List
-$25,000
-7.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,500
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 4, 2016
Sold by
Saucedo Roberto
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Jul 13, 2001
Sold by
Downey S & L Assn Fa
Bought by
Saucedo Roberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,250
Interest Rate
7.5%

Purchase Details

Closed on
Aug 17, 2000
Sold by
Ruiz Martin
Bought by
Downey S & L Assn Fa

Purchase Details

Closed on
Oct 10, 1999
Sold by
Rangel Eric
Bought by
Ruiz Martin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,900
Interest Rate
4.75%

Purchase Details

Closed on
Sep 1, 1999
Sold by
Hud
Bought by
Rangel Erick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,900
Interest Rate
4.75%

Purchase Details

Closed on
Sep 24, 1997
Sold by
Wilson Alberta
Bought by
Countrywide Home Loans Inc

Purchase Details

Closed on
Jun 23, 1997
Sold by
Countrywide Home Loans Inc
Bought by
Hud

Purchase Details

Closed on
Mar 13, 1995
Sold by
Kahan Stanley
Bought by
Wilson Alberta and Sims Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,965
Interest Rate
8.9%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Essex Harvina A -- None Listed On Document
Essex Sean $485,000 Lawyers Title
Osahi Llc -- None Available
Shafani Osama B -- Lawyers Title
Osahi Llc $325,000 Boston National Title
Wells Fargo Bank Na $282,602 Accommodation
Saucedo Roberto $135,000 Lawyers Title Company
Downey S & L Assn Fa $151,901 Lawyers Title Company
Ruiz Martin $240,000 South Coast Title Company
Rangel Erick $110,000 Provident Title
Countrywide Home Loans Inc $139,143 Landsafe Title
Hud -- Landsafe Title
Wilson Alberta $129,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Essex Sean $495,427
Previous Owner Shafani Osama B $297,500
Previous Owner Saucedo Roberto $128,250
Previous Owner Ruiz Martin $189,900
Previous Owner Rangel Erick $135,000
Previous Owner Wilson Alberta $127,965
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/27/2017 12/27/17 Sold $485,000 +3.4% $231 / Sq Ft
11/14/2017 11/14/17 Pending -- -- --
11/03/2017 11/03/17 For Sale $469,000 +44.3% $224 / Sq Ft
08/17/2016 08/17/16 Sold $325,000 -7.1% $155 / Sq Ft View Prior Sale
07/07/2016 07/07/16 Pending -- -- --
06/07/2016 06/07/16 For Sale $350,000 +40.0% $167 / Sq Ft
01/30/2015 01/30/15 Sold $250,000 -7.4% $119 / Sq Ft View Prior Sale
06/07/2014 06/07/14 Pending -- -- --
05/13/2014 05/13/14 For Sale $270,000 -1.8% $129 / Sq Ft
02/15/2014 02/15/14 Sold $275,000 +1.9% $131 / Sq Ft View Prior Sale
12/09/2013 12/09/13 Pending -- -- --
10/18/2013 10/18/13 For Sale $270,000 -- $129 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $10,721 $780,300 $423,300 $357,000
2024 $10,721 $541,021 $167,325 $373,696
2023 $10,560 $530,414 $164,045 $366,369
2022 $9,016 $520,015 $160,829 $359,186
2021 $9,104 $509,820 $157,676 $352,144
2019 $8,840 $494,700 $153,000 $341,700
2018 $8,576 $485,000 $150,000 $335,000
2016 $3,381 $168,459 $62,392 $106,067
2015 $3,243 $165,929 $61,455 $104,474
2014 $3,201 $162,680 $60,252 $102,428
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV17250372

California Regional Multiple Listing Service (CRMLS)

APN: 6157-017-039

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