NOT LISTED FOR SALE

417 E Palmer St Compton, CA 90221

Estimated Value: $1,011,000 - $1,158,000

8 Beds
4 Baths
3,164 Sq Ft
$345/Sq Ft Est. Value

Last Sold May 27, 2015

Last sale price $472,000 $149 Per Sq Ft

Est. 132% increase in value since last sale

Current estimated payment $6,890/month

59 Days on Market

About This Home

As of May 2015

** Price Reduction** Great looking building, close to stores, church, schools and public transportation. All units are 2 bedrooms, great location and opportunity to generate cash flow.

Last Agent to Sell the Property

Edison Echeverry

Keller Williams Realty License #01224344 Listed on: 02/20/2015

Keller Williams Realty

Last Buyer's Agent

George Ruiz

VIP RE Firm License #01781774

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,412

Year Built

  • Built in 1944

Lot Details

  • 6,051 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Private Yard

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • 3,164 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 6166018001

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $600
  • New Taxes Expense $6,875
  • Net Operating Income $7,826

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,412

Year Built

Built in 1944

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Zoning: CORH
  • Property Type: Residential Income
  • Parcel Number: 6166018001
  • Year Built: 1944
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 149.18

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Covered
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Urban

Lot Info

  • Lot Features: Yard
  • Lot Size Sq Ft: 6051.00
  • Lot Size Acres: 0.1390

Multi Family

  • Gross Scheduled Income: 42480.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 6051.0000 Square Feet
  • Net Operating Income: 7826.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 27816.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 6875.00
  • Tax Lot: 1
  • Tax Tract Number: 1
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 30, 2019
Sold by
Ibarra Ricardo and Ibarra Alicia
Bought by
Ibarra Alicia and Ibarra Ricardo
Current Estimated Value
$1,092,936

Purchase Details

Closed on
Jul 18, 2018
Sold by
Rodriguez Fabian
Bought by
Ibarra Ricardo and Ibarra Alicia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Outstanding Balance
$213,214
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$862,408

Purchase Details

Listed on
Feb 20, 2015
Closed on
May 1, 2015
Sold by
Banks John L
Bought by
Rodriguez Fabian
Seller's Agent
Edison Echeverry
Keller Williams Realty
Buyer's Agent
George Ruiz
VIP RE Firm
List Price
$550,000
Sold Price
$472,000
Premium/Discount to List
-$78,000
-14.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.30%
Original Mortgage
$471,306
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 29, 1998
Sold by
Knott Curtis E
Bought by
Banks John L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
6.63%
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
Ibarra Alicia -- None Available
Ibarra Ricardo $695,000 Old Republic Title Company
Rodriguez Fabian $480,000 Fidelity National Title Co
Banks John L -- Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ibarra Ricardo $245,000
Previous Owner Rodriguez Fabian $510,276
Previous Owner Rodriguez Fabian $469,214
Previous Owner Rodriguez Fabian $471,306
Previous Owner Banks John L $300,000
Previous Owner Banks John L $243,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2015 05/27/15 Sold $472,000 -14.2% $149 / Sq Ft
04/20/2015 04/20/15 Pending -- -- --
02/20/2015 02/20/15 For Sale $550,000 -- $174 / 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 $13,412 $775,280 $223,101 $552,179
2024 $13,412 $760,079 $218,727 $541,352
2023 $13,257 $745,177 $214,439 $530,738
2022 $12,486 $730,567 $210,235 $520,332
2021 $12,608 $716,243 $206,113 $510,130
2019 $12,237 $695,000 $200,000 $495,000
2018 $9,132 $507,004 $158,438 $348,566
2016 $8,670 $487,319 $152,287 $335,032
2015 $6,401 $358,464 $184,488 $173,976
2014 $6,296 $351,444 $180,875 $170,569
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2015

    Edison Echeverry

    Keller Williams Realty

    Section Image
  • George Ruiz

    Buyer's Agent in 2015

    George Ruiz

    VIP RE Firm

    (562) 746-9412

    2 in this area

    84 Total Sales

    George Ruiz
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR15036289

California Regional Multiple Listing Service (CRMLS)

APN: 6166-018-001

California Los Angeles County Compton 90221

417 E Palmer St, Compton, CA

This home is located at 417 E Palmer St, Compton, CA 90221 since 20 February 2015 and is currently estimated at $1,092,936, approximately $345 per square foot. This property was built in 1944. 417 E Palmer St is a home located in Los Angeles County with nearby schools including Mayo 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.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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