NOT LISTED FOR SALE

400 W Magnolia St Compton, CA 90220

Estimated Value: $1,009,612 - $1,033,000

10 Beds
6 Baths
3,640 Sq Ft
$280/Sq Ft Est. Value

Last Sold September 23, 2021

Last sale price $860,000 $236 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $6,713/month

18 Days on Market

Highlights

  • Park
  • Laundry Room
  • Bike Trail

About This Home

As of September 2021

This 4 unit property is located on a large 6,740 sqft corner lot at the intersection of N Oleander and W Magnolia in Compton, CA. It is surrounded by great shopping and dining locations on W Compton Blvd and is within walking distance of the Compton Library and Martin Luther King Jr Memorial Park. The property boasts a great unit mix consisting of (2) 3BD/2BA and (2) 2BA/1BA units that. This property is being offered at a CAP rate of 5.1% and a GRM of 12.67 with over 20% upside to market rents.

Last Agent to Sell the Property

Derek Branch

Keller Williams Advisors License #02100209 Listed on: 08/09/2021

Co-Listed By

John Alden

Alden Pacific Investments, Inc. License #02114291

Last Buyer's Agent

Derek Branch

Keller Williams Advisors License #02100209 Listed on: 08/09/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,679

Year Built

  • Built in 1958

Lot Details

  • 6,740 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage
  • Parking Available
  • Three Garage Doors

Home Design

  • Quadruplex

Interior Spaces

  • 3,640 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 15
  • Tax Tract Number 6207
  • Assessor Parcel Number 6157022014

Community Details

Overview

  • 4 Units

Recreation

  • Park
  • Dog Park
  • Bike Trail

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $240
  • Gardener Expense $1,200
  • Insurance Expense $1,600
  • Maintenance Expense $3,733
  • Professional Management Expense $3,700
  • Trash Expense $3,600
  • Water Sewer Expense $2,400
  • New Taxes Expense $1
  • Operating Expense $30,195
  • Gross Income $76,380
  • Net Operating Income $49,647

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,679

Year Built

Built in 1958

Lot Details

0

Parking

3

Listing Details

  • CapRate: 5.10
  • Price Per Unit: 243750
  • Professional Management Expense: 3700.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 6157022014
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 236.26

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Covered, Garage - Three Door
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 3600.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Curbs, Dog Park, Gutters, Park, Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6740.00
  • Lot Size Acres: 0.1547

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 240.00
  • Gross Income: 76380.00
  • Gross Multiplier: 12.67
  • Gross Scheduled Income: 76380.00
  • Insurance Expense: 1600.00
  • Lot Size Area: 6740.0000 Square Feet
  • Maintenance Expense: 3733.00
  • Net Operating Income: 49647.00
  • Number Of Rented Garages: 3
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 26733.00
  • Rent Control: No
  • Total Actual Rent: 6365.00
  • Total Expenses: 30195.00

Tax Info

  • New Taxes Expense: 1.00
  • Tax Lot: 15
  • Tax Tract Number: 6207

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2021
Closed on
Sep 15, 2021
Sold by
Pryor-Miller Andrew Wesley
Bought by
Interiano Jose M and Morejon Sandra M
Seller's Agent
Derek Branch
Keller Williams Advisors
Buyer's Agent
Derek Branch
Keller Williams Advisors
List Price
$975,000
Sold Price
$860,000
Premium/Discount to List
-$115,000
-11.79%
Current Estimated Value
$1,019,653

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$159,653
Avg. Annual Appreciation
4.33%
Original Mortgage
$637,500
Outstanding Balance
$580,078
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$439,575

Purchase Details

Closed on
Feb 24, 2017
Sold by
Moreno Aydee C
Bought by
Pryor Miller Andrew Wesley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$653,603
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 27, 2013
Sold by
Arroyos Martin
Bought by
Moreno Aydee C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,038
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 25, 2002
Sold by
Chabad Lavabitch Of Hawall Inc
Bought by
Arroyos Martin and Arroyos Irma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,124
Interest Rate
6.06%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 31, 2002
Sold by
Hud
Bought by
Chabad Lubavitch Of Hawaii Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,124
Interest Rate
6.06%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 19, 2000
Sold by
Escobar Miguel
Bought by
Firstar Bank Na

Purchase Details

Closed on
Jul 21, 2000
Sold by
Firstar Bank Na
Bought by
Hud

Purchase Details

Closed on
Mar 18, 1999
Sold by
Cordero Humbert
Bought by
Ramos Sergio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,700
Interest Rate
6.73%

Purchase Details

Closed on
Mar 2, 1999
Sold by
Ramos Sergio
Bought by
Escobar Miguel and Escobar Yolanda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,700
Interest Rate
6.73%

Purchase Details

Closed on
Jun 11, 1998
Sold by
Fnb Real Estate Corp
Bought by
Cordero Humberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.11%

Purchase Details

Closed on
Apr 14, 1998
Sold by
Mccall Homer
Bought by
Fnb Real Estate Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.11%

Purchase Details

Closed on
Feb 6, 1996
Sold by
Mccall Homer
Bought by
Mccall Stephanie

Purchase Details

Closed on
Nov 13, 1995
Sold by
Mccall Homer
Bought by
Mccall Homer and Mccall Stephanie
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Interiano Jose M $860,000 First American Title Company O
Pryor-Miller Andrew Wesley -- First American Title Company O
Pryor Miller Andrew Wesley $670,000 Provident Title Company
Moreno Aydee C $550,000 Stewart Title Of California
Arroyos Martin $325,000 Commonwealth Land Title Co
Chabad Lubavitch Of Hawaii Inc $180,000 Stewart Title
Firstar Bank Na $320,542 Benefit Land Title Ins Co
Hud -- --
Ramos Sergio $185,000 Benefit Land Title Company
Escobar Miguel $300,000 Benefit Land Title Company
Cordero Humberto $150,000 North American Title Co
Fnb Real Estate Corp $131,006 First American Title Ins Co
Mccall Stephanie -- --
Mccall Homer -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Interiano Jose M $637,500
Previous Owner Pryor Miller Andrew Wesley $653,603
Previous Owner Moreno Aydee C $540,038
Previous Owner Arroyos Martin $306,124
Previous Owner Chabad Lubavitch Of Hawaii Inc $250,000
Previous Owner Ramos Sergio $206,700
Previous Owner Escobar Miguel $297,547
Previous Owner Cordero Humberto $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2021 09/23/21 Sold $860,000 -11.8% $236 / Sq Ft
08/27/2021 08/27/21 Pending -- -- --
08/09/2021 08/09/21 For Sale $975,000 +77.3% $268 / Sq Ft
12/03/2013 12/03/13 Sold $550,000 0.0% $151 / Sq Ft
10/25/2013 10/25/13 Pending -- -- --
10/19/2013 10/19/13 For Sale $550,000 -- $151 / 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 $15,679 $912,638 $530,604 $382,034
2024 $15,679 $894,744 $520,200 $374,544
2023 $15,497 $877,200 $510,000 $367,200
2022 $14,591 $860,000 $500,000 $360,000
2021 $12,721 $718,373 $214,439 $503,934
2019 $12,348 $697,268 $208,080 $489,188
2018 $12,027 $683,600 $204,000 $479,600
2016 $10,020 $569,543 $181,218 $388,325
2015 $9,571 $560,988 $178,496 $382,492
2014 $9,398 $550,000 $175,000 $375,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21175382

California Regional Multiple Listing Service (CRMLS)

APN: 6157-022-014