NOT LISTED FOR SALE

359 W Pear St Compton, CA 90222

Estimated Value: $935,367 - $1,213,000

7 Beds
4 Baths
3,016 Sq Ft
$350/Sq Ft Est. Value

Last Sold October 01, 2018

Last sale price $750,000 $249 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $6,808/month

25 Days on Market

Highlights

  • Newly Remodeled
  • Balcony
  • Fenced
  • No Units Above
  • Laundry Room

About This Home

As of October 2018

Brand new duplex in the final stage of completion, brought to you by RMZ Group. The property only needs landscaping (grass & plants) and driveway for it to be completed. Property is perfect for investors and first time home buyers. Investors get to enjoy a nice cash flow off this home. Amazing 5.7% CAP rate and 13.6% GRM, separate water meters and utilities making it a low maintenance investment property. This property is also great for First time home buyers and/or for a big family. This duplex has total of 7 bedrooms, 4 baths and 4 car garage. First unit consists of a 4 bedroom and 2 baths (master bedroom). Second unit consists of 3 bedroom and 2 baths (also a master) with an approx. 400 sqft attached garage. Property also has an approx. 400 sqft detached garage making possible to add an ADU (buyer to verify with city). New construction building offers all the market updates and looks such as laminate flooring, recessed lighting, backsplash looks on kitchen and many more features making it the one of the most beautiful homes in the neighborhood. Property will not last!

Last Agent to Sell the Property

Daniel Terrazas

VIP RE Firm License #02019893 Listed on: 07/19/2018

Last Buyer's Agent

Vivian C Perez

KELLER WILLIAMS REALTY V.V. License #01075260

KELLER WILLIAMS REALTY V.V.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,627

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • 5,016 Sq Ft Lot
  • No Units Above
  • 1 Common Wall
  • Fenced
  • New Fence
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • 3,016 Sq Ft Home
  • Property Attached
  • Shingle Roof

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Utilities

  • Private Water Source
  • Septic Type Unknown

Additional Features

  • Laundry Room
  • Balcony

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 4368
  • Assessor Parcel Number 6153021045

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Net Operating Income $43,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,627

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

Parking

4

Listing Details

  • CapRate: 5.70
  • Other Phone Description: 310-730-9489
  • Property Attached: Yes
  • Zoning: CORM*
  • New Construction: Yes
  • Property Type: Residential Income
  • Parcel Number: 6153021045
  • Year Built: 2018
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Balcony
  • Common Walls: 1 Common Wall, No One Above
  • Levels: Two
  • Price Per Square Foot: 248.67

Exterior Features

  • Fence: Yes
  • Fencing: New Condition
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Unknown
  • Water Source: Private

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5016.00
  • Lot Size Acres: 0.1152

Multi Family

  • Gross Multiplier: 13.60
  • Gross Scheduled Income: 55800.00
  • Lot Size Area: 5016.0000 Square Feet
  • Net Operating Income: 43800.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 12000.00
  • Rent Control: No

Tax Info

  • Tax Census Tract: 5426.01
  • Tax Lot: 12
  • Tax Tract Number: 4368

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 1, 2023
Sold by
Sotelo Family Trust
Bought by
Sotelo Family Trust and Sotelo
Current Estimated Value
$1,054,092

Purchase Details

Listed on
Jul 19, 2018
Closed on
Aug 21, 2018
Sold by
Rmz Group Inc
Bought by
Rodriguez Jose Luis Sotelo and Torres Ana Alicia
Seller's Agent
Daniel Terrazas
VIP RE Firm
Buyer's Agent
Vivian C Perez
KELLER WILLIAMS REALTY V.V.
List Price
$759,999
Sold Price
$750,000
Premium/Discount to List
-$9,999
-1.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.99%
Original Mortgage
$736,415
Interest Rate
5.12%
Mortgage Type
FHA

Purchase Details

Listed on
May 13, 2015
Closed on
Jul 9, 2015
Sold by
Fannie Mae
Bought by
Rmz Group Inc
Seller's Agent
Laura Roman
Boardwalk Properties
Buyer's Agent
ROBERT TERRAZAS
Prevail Realty Group, Inc.
List Price
$150,000
Sold Price
$150,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
67.51%
Original Mortgage
$70,000
Interest Rate
3.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 30, 2014
Sold by
Mendoza Julian
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 4, 2004
Sold by
Mendoza Julian and Mendoza Maria Luisa
Bought by
Mendoza Julian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,000
Interest Rate
6.62%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Sotelo Family Trust -- None Listed On Document
Rodriguez Jose Luis Sotelo $750,000 Old Republic Title Company
Rmz Group Inc $150,000 Wfg Title Company Of Ca
Federal National Mortgage Association $184,000 Accommodation
Mendoza Julian -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rodriguez Jose Luis Sotelo $736,415
Previous Owner Rmz Group Inc $70,000
Previous Owner Mendoza Julian $138,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2018 10/01/18 Sold $750,000 -1.3% $249 / Sq Ft
08/13/2018 08/13/18 Pending -- -- --
07/28/2018 07/28/18 For Sale $759,999 +1.3% $252 / Sq Ft
07/26/2018 07/26/18 Off Market $750,000 -- --
07/19/2018 07/19/18 For Sale $759,999 +406.7% $252 / Sq Ft
08/21/2015 08/21/15 Sold $150,000 0.0% $248 / Sq Ft
05/18/2015 05/18/15 Pending -- -- --
05/13/2015 05/13/15 For Sale $150,000 0.0% $248 / Sq Ft
03/07/2015 03/07/15 Pending -- -- --
03/04/2015 03/04/15 For Sale $150,000 -- $248 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $14,627 $836,634 $223,101 $613,533
2024 $14,627 $820,230 $218,727 $601,503
2023 $14,430 $804,148 $214,439 $589,709
2022 $12,944 $788,382 $210,235 $578,147
2021 $13,079 $772,924 $206,113 $566,811
2019 $12,685 $750,000 $200,000 $550,000
2018 $3,030 $156,060 $104,040 $52,020
2017 $2,950 $153,000 $102,000 $51,000
2016 $2,856 $150,000 $100,000 $50,000
2015 $3,845 $219,295 $147,897 $71,398
2014 $2,180 $111,705 $77,775 $33,930
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW18174327

California Regional Multiple Listing Service (CRMLS)

APN: 6153-021-045