NOT LISTED FOR SALE

408 W Laurel St Compton, CA 90220

Estimated Value: $746,000 - $1,017,000

6 Beds
4 Baths
1,854 Sq Ft
$483/Sq Ft Est. Value

Sale Details

Date Sold: February 25, 2015

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

Est. 95% increase in value since last sale

Current estimated payment $5,670 / mo

68 Days on Market

Highlights

  • Wood Flooring
  • Granite Countertops
  • Ceiling Fan
  • Benjamin O. Davis Middle School Rated 9+
  • Double Pane Windows
  • North Facing Home

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

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

Year Built

Built in 1953 | Remodeled

Lot Details

6,094 Sq Ft Lot

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
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Bedrooms: 6
  • Kitchen Features: Granite Counters, Remodeled
  • Laundry: In Unit
  • Total Bathrooms: 4.00
  • 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

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
  • Type Of Units: 4
  • Vacancy Allow: 0
  • Vacancy Allow Percent: 0.00

MLS Schools

  • School District: Compton Unified

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2014
Closed on
Jan 7, 2015
Sold by
Bought by
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
$894,814

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$434,814
Avg. Annual Appreciation
6.05%
Original Mortgage
$451,668
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 2013
Sold by
Bought by

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
Bought by

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
Bought by

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
Bought by

Purchase Details

Closed on
Feb 11, 2009
Sold by
Bought by

Purchase Details

Closed on
Apr 7, 2005
Sold by
Bought by

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
Bought by

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
Bought by

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
Bought by

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
Bought by

Purchase Details

Closed on
Jun 5, 2000
Sold by
Bought by

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
Bought by

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
Bought by

Purchase Details

Closed on
Dec 18, 1998
Sold by
Bought by

Purchase Details

Closed on
Jul 17, 1997
Sold by
Bought by

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
Bought by

Purchase Details

Closed on
Oct 7, 1996
Sold by
Bought by

Purchase Details

Closed on
Jun 15, 1995
Sold by
Bought by

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
Bought by

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
Bought by

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
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$460,000 Lawyers Title
-- Lawyers Title Company
$390,003 Lawyers Title
-- None Available
$335,000 Ticor Title Company
$182,000 Chicago Title Company
$192,400 Accommodation
$540,000 Fidelity National Title Comp
-- Fidelity National Title Co
-- Fidelity National Title Co
$312,000 Old Republic
$229,000 First American Title Ins Co
$186,432 American Title
$230,000 --
$150,000 --
$190,069 Landsafe Title
-- Landsafe Title
$140,000 California Counties Title Co
$226,375 Landsafe Title
-- Landsafe Title
-- California Counties Title Co
$105,000 California Counties Title Co
$215,000 Benefit Title
-- First Southwestern Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $451,668
Previous Owner $380,926
Previous Owner $330,548
Previous Owner $432,000
Previous Owner $308,000
Previous Owner $249,600
Previous Owner $183,200
Previous Owner $220,500
Previous Owner $126,400
Previous Owner $176,800
Previous Owner $84,000
Previous Owner $207,874
Closed $45,800
Closed $108,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $10,049 $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

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The MLS © 2026 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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