NOT LISTED FOR SALE

408 W Laurel St Compton, CA 90220

Estimated Value: $856,568 - $1,229,000

6 Beds
4 Baths
1,854 Sq Ft
$565/Sq Ft Est. Value

Last Sold February 25, 2015

Last sale price $460,000 $248 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $6,390/month

68 Days on Market

Highlights

  • Wood Flooring
  • Double Pane Windows
  • North Facing Home
  • Granite Countertops
  • Ceiling Fan

About This Home

As of February 2015

Remodeled and legal 4 unit property located in the City of Compton. This NON-RENT CONTROL 4-plex is comprised of two buildings; 408 and 410 West Laurel and 412-A and 412-B West Laurel which is a free standing building. Amazing unit mix of (2) 3+1 units, (1) 2+1 unit and (1) Studio. Property has a two car covered garage and adequate open parking for tenants and their guest. All units have been remodeled with wood floors, granite kitchen counter tops, new kitchen/bathroom hardware, tiled shower walls in bathroom and much more. CO2 detectors and hard wired smoke detectors in each unit. This property is priced to sell and will cash flow regardless of your loan options. Immediate CASH FLOW day one of ownership. Very motivated Seller as Seller must relocate outside of the State of California. DO NOT DISTURB THE TENANTS

Last Agent to Sell the Property

Dennis Earls

SP Residential Inc License #01383796 Listed on: 09/11/2014

Last Buyer's Agent

Josue Urquieta

License #01874349

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,019

Year Built

  • Built in 1953 | Remodeled

Lot Details

  • 6,094 Sq Ft Lot
  • North Facing Home

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,854 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Wood Flooring

Kitchen

  • Oven or Range
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in unit
  • Gas Dryer Hookup

Home Security

  • Window Bars
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • The owner pays for electricity, gas, water
  • Assessor Parcel Number 6161-021-009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,019

Year Built

Built in 1953 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • ADA Compliant: No
  • Additional Assessor Parcel Numbers: No
  • Alley: No
  • Living Area: 1854
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1953
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Granite Counters, Remodeled
  • Laundry: In Unit
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Ceiling Fan, Electric Dryer Hookup, Garbage Disposal, Gas Dryer Hookup, Range/Oven
  • Price Per S Q F T: 269.15
  • Windows: Double Pane Windows

Exterior Features

  • Direction Faces: North
  • Construction: Stucco
  • Tennis Court Y/N: No
  • Foundation Details: Slab
  • Construction: Frame and Stucco
  • Paved: Yes
  • Pool: No
  • Roof: Composition, Shingle
  • View: No

Garage/Parking

  • Garage Spaces: 2
  • Garage Structures: 1
  • Parking Garage: Driveway - Concrete
  • Total Parking: 4

Utilities

  • Cooling: Wall Unit(s)
  • Electric Expense: 600.00
  • Heating: Wall
  • Security: Carbon Monoxide Detector(s), Smoke Detector, Window Bars
  • Water Expense: 1800.00
  • Water Heaters: Yes

Fee Information

  • Gas Expense: 600.00
  • Insurance Expense: 1200.00

Schools

  • School District: Compton Unified

Lot Info

  • Additions Alterations: No
  • Assessed Improvement Value: 244494
  • Assessed Land Value: 104040
  • Assessor Parcel Number: 6161-021-009
  • Geocode Override: No
  • Lot Size Area: 6094

Rental Info

  • Total Actual Rent: 4200.00
  • Garage Rental Rate: 0.00
  • Monthly Gross Income: 4200.00
  • Owner Pays: Electricity, Gas, Water
  • Rent Control: No

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 9.90
  • Gross Scheduled Income: 50400.00
  • Number Of Units: 4
  • Rent Control: 0
  • Total Annual Expense: 10438
  • Type Of Units: 4
  • Vacancy Allow: 0
  • Vacancy Allow Percent: 0.00
  • Vacancy Rate: 0

MLS Schools

  • School District: Compton Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2014
Closed on
Jan 7, 2015
Sold by
Johnson Davon
Bought by
Duenas Sergio and Duenas Enedina
Seller's Agent
Dennis Earls
SP Residential Inc
Buyer's Agent
Josue Urquieta
List Price
$499,000
Sold Price
$460,000
Premium/Discount to List
-$39,000
-7.82%
Current Estimated Value
$1,047,642

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$587,642
Avg. Annual Appreciation
8.07%
Original Mortgage
$451,668
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 2013
Sold by
White Gerrick S
Bought by
Johnson Davon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,926
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 2, 2010
Sold by
White Charlana Marie
Bought by
White Gerrick S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,548
Interest Rate
5.12%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 1, 2010
Sold by
Desai Holding Company Llc
Bought by
White Gerrick S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,548
Interest Rate
5.12%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 25, 2009
Sold by
The Bank Of New York Mellon
Bought by
The Desai Holdings Company Llc

Purchase Details

Closed on
Feb 11, 2009
Sold by
Molinar Leitza Guadalupe
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Apr 7, 2005
Sold by
Letourneau Ken
Bought by
Molinar Leitza Guadalupe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 9, 2005
Sold by
Rodriguez Elva P
Bought by
Letourneau Ken

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 12, 2003
Sold by
Posey Elizabeth
Bought by
Rodriguez Enrique and Rodriguez Elva P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,600
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 2, 2001
Sold by
Bank One National Assn
Bought by
Posey Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,200
Interest Rate
9.62%

Purchase Details

Closed on
Jun 13, 2001
Sold by
White Lashawn P
Bought by
Bank One National Assn

Purchase Details

Closed on
Jun 5, 2000
Sold by
American Entertainment Foundation Ltd
Bought by
White Lashawn P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,500
Interest Rate
8.12%

Purchase Details

Closed on
Mar 13, 2000
Sold by
Hud
Bought by
American Entertainment Foundation Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,400
Interest Rate
8.24%

Purchase Details

Closed on
Mar 24, 1999
Sold by
Bates Willis
Bought by
Countrywide Home Loans Inc

Purchase Details

Closed on
Dec 18, 1998
Sold by
Countrywide Home Loans Inc
Bought by
Hud

Purchase Details

Closed on
Jul 17, 1997
Sold by
Secretary Of Housing And Urban Dev
Bought by
Bates Willis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,800
Interest Rate
7.34%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 31, 1996
Sold by
Romero Juan and Romero Faustino
Bought by
Countrywide Home Loans Inc

Purchase Details

Closed on
Oct 7, 1996
Sold by
Countrywide Home Loans Inc
Bought by
Hud

Purchase Details

Closed on
Jun 15, 1995
Sold by
Espinoza Cynthia
Bought by
Espinoza Lorenzo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
7.9%

Purchase Details

Closed on
May 25, 1995
Sold by
Hud
Bought by
Espinoza Lorenzo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
7.9%

Purchase Details

Closed on
May 19, 1995
Sold by
Espinoza Lorenzo
Bought by
Romero Juan and Romero Faustino

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
7.9%

Purchase Details

Closed on
Oct 22, 1993
Sold by
Cenlar Fsb
Bought by
Hud
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
Duenas Sergio $460,000 Lawyers Title
Johnson Davon -- Lawyers Title Company
Johnson Davon $390,003 Lawyers Title
White Gerrick S -- None Available
White Gerrick S $335,000 Ticor Title Company
The Desai Holdings Company Llc $182,000 Chicago Title Company
The Bank Of New York Mellon $192,400 Accommodation
Molinar Leitza Guadalupe $540,000 Fidelity National Title Comp
Letourneau Ken -- Fidelity National Title Co
Rodriguez Elva P -- Fidelity National Title Co
Rodriguez Enrique $312,000 Old Republic
Posey Elizabeth $229,000 First American Title Ins Co
Bank One National Assn $186,432 American Title
White Lashawn P $230,000 --
American Entertainment Foundation Ltd $150,000 --
Countrywide Home Loans Inc $190,069 Landsafe Title
Hud -- Landsafe Title
Bates Willis $140,000 California Counties Title Co
Countrywide Home Loans Inc $226,375 Landsafe Title
Hud -- Landsafe Title
Espinoza Lorenzo -- California Counties Title Co
Espinoza Lorenzo $105,000 California Counties Title Co
Romero Juan $215,000 Benefit Title
Hud -- First Southwestern Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Duenas Sergio $451,668
Previous Owner Johnson Davon $380,926
Previous Owner White Gerrick S $330,548
Previous Owner Molinar Leitza Guadalupe $432,000
Previous Owner Letourneau Ken $308,000
Previous Owner Rodriguez Enrique $249,600
Previous Owner Posey Elizabeth $183,200
Previous Owner White Lashawn P $220,500
Previous Owner American Entertainment Foundation Ltd $126,400
Previous Owner Bates Willis $176,800
Previous Owner Espinoza Lorenzo $84,000
Previous Owner Romero Juan $207,874
Closed Posey Elizabeth $45,800
Closed Molinar Leitza Guadalupe $108,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2015 02/25/15 Sold $460,000 -7.8% $248 / Sq Ft
11/18/2014 11/18/14 Pending -- -- --
09/11/2014 09/11/14 For Sale $499,000 -- $269 / Sq Ft
Source: The MLS

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 $10,019 $552,843 $144,218 $408,625
2024 $10,019 $542,004 $141,391 $400,613
2023 $9,906 $531,377 $138,619 $392,758
2022 $9,355 $520,958 $135,901 $385,057
2021 $9,436 $510,744 $133,237 $377,507
2019 $9,167 $495,597 $129,286 $366,311
2018 $8,903 $485,880 $126,751 $359,129
2016 $8,463 $467,015 $121,830 $345,185
2015 $7,128 $397,792 $101,998 $295,794
2014 $7,010 $390,000 $100,000 $290,000
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2015

    Dennis Earls

    SP Residential Inc

    (818) 939-5384

    Dennis Earls
    Section Image

  • J

    Buyer's Agent in 2015

    Josue Urquieta

See All Agents

Map

Source: The MLS

MLS Number: 14-793043

The MLS

APN: 6161-021-009

California Los Angeles County Compton 90220

408 W Laurel St, Compton, CA

This home is located at 408 W Laurel St, Compton, CA 90220 since 11 September 2014 and is currently estimated at $1,047,642, approximately $565 per square foot. This property was built in 1953. 408 W Laurel St is a home located in Los Angeles County with nearby schools including Dickison Elementary School, Benjamin O. Davis Middle School, and Compton High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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