Seller's Agent in 2021
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
(310) 259-7556
3 in this area
203 Total Sales
432 W Palm St Compton, CA 90220
Estimated Value: $851,000 - $1,035,000
4
Beds
4
Baths
2,536
Sq Ft
$379/Sq Ft
Est. Value
About This Home
As of August 2021432 W Palm St in Compton, is a spacious 4 plex that sits on an oversized 7,823 Sq ft. Lot. This value-add asset has plenty of upside in monthly rental income, once units are rented for market! Two 1-Bedroom/1-Bath units will be delivered tenant-ready, making this the perfect opportunity for an owner/user to live in one unit, and use the other's rent to pay off their mortgage!
432 W Palm Street is a 4-Unit asset located in the heart of Compton. This value-add asset is comprised of (4) 1-bedroom/1-bath units, currently operating at a 5.13% CAP. The building has 2,536 Sq.Ft of living space and the units feature hardwood floors, new interior paint, spacious layouts, and an open outdoor area. There is laundry on-site, as well as 4 garage parking spots. Still plenty of room to grow the monthly rental income, with a 7.27% Market CAP.
The subject property is within walking distance of the Compton Library and Martin Luther King Jr Memorial Park. Just a few miles away from $6 Billion worth of development in Long Beach, including The Uptown Commons, and plenty of new housing projects. Metro's "A-Line," running from Downtown Long Beach to Downtown Los Angeles, also has a Compton station within a mile of 432 W Palm Street. This value-add property is an ideal pickup for any investor or owner/user looking to live in one unit and let the others pay off the mortgage!
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 05/02/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1948
Lot Details
- 7,823 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 4 Car Garage
Home Design
- 2,536 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
Listing and Financial Details
- Tax Lot 35
- Tax Tract Number 5425
- Assessor Parcel Number 6161023009
Community Details
Recreation
- Bike Trail
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $17,908
- Gross Income $61,476
- Net Operating Income $40,494
Additional Features
- 4 Units
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 29, 2014
Sold by
Okazaki Stanley
Bought by
Neighborhood Advantage Llc
Current Estimated Value
Purchase Details
Listed on
Oct 5, 2010
Closed on
Aug 17, 2012
Sold by
Okazaki Stanley
Bought by
Okazaki Stanley and Okazaki Marital Trust
Seller's Agent
Gloria Melo
Karis Realty
Buyer's Agent
Rowena O'Leary
RE/MAX College Park Realty
List Price
$235,000
Sold Price
$240,000
Premium/Discount to List
$5,000
2.13%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.94%
Purchase Details
Closed on
Apr 17, 2012
Sold by
Okazaki Dionisia
Bought by
Okazaki Stanley
Purchase Details
Closed on
Mar 26, 2012
Sold by
Lopez Cesar M
Bought by
Okazaki Stanley
Purchase Details
Closed on
Mar 1, 2012
Sold by
Velasquez Enrique
Bought by
Lopez Cesar M
Purchase Details
Closed on
Sep 14, 2006
Sold by
Lopez Cesar M
Bought by
Lopez Cesar M and Velasquez Enrique
Purchase Details
Closed on
Apr 20, 2006
Sold by
Sanchez Ramon
Bought by
Lopez Cesar
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$539,910
Interest Rate
2%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Jun 23, 2004
Sold by
Sanchez Ramon
Bought by
Sanchez Ramon and Sanchez Rosario
Purchase Details
Closed on
Mar 25, 2003
Sold by
Hud
Bought by
Sanchez Ramon D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,400
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 7, 2002
Sold by
Citimortgage Inc
Bought by
Hud
Purchase Details
Closed on
Jan 10, 2002
Sold by
Divinity Cornell
Bought by
Citimortgage Inc
Purchase Details
Closed on
Sep 9, 1998
Sold by
Battle Marian J
Bought by
Divinity Cornell
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,762
Interest Rate
6.88%
Mortgage Type
FHA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Neighborhood Advantage Llc | -- | Accommodation | |
| Okazaki Stanley | -- | Accommodation | |
| Okazaki Stanley | -- | Lawyers Title | |
| Okazaki Stanley | $240,000 | Lawyers Title | |
| Lopez Cesar M | -- | Lawyers Title | |
| Lopez Cesar M | -- | None Available | |
| Lopez Cesar | $600,000 | Investors Title Company | |
| Sanchez Ramon | -- | -- | |
| Sanchez Ramon D | $216,000 | Nations Title | |
| Hud | -- | Fidelity National Title | |
| Citimortgage Inc | $214,659 | Fidelity National Title | |
| Divinity Cornell | $190,000 | Provident Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Lopez Cesar | $539,910 | |
| Previous Owner | Sanchez Ramon D | $194,400 | |
| Previous Owner | Divinity Cornell | $184,762 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/04/2021 08/04/21 | Sold | $799,000 | +1.3% | $315 / Sq Ft | |
| 07/15/2021 07/15/21 | Price Changed | $789,000 | 0.0% | $311 / Sq Ft | |
| 07/15/2021 07/15/21 | For Sale | $789,000 | 0.0% | $311 / Sq Ft | |
| 05/02/2021 05/02/21 | For Sale | $789,000 | 0.0% | $311 / Sq Ft | |
| 04/28/2021 04/28/21 | Price Changed | $789,000 | +228.8% | $311 / Sq Ft | |
| 08/20/2012 08/20/12 | Sold | $240,000 | +2.1% | $95 / Sq Ft | View Prior Sale |
| 03/30/2012 03/30/12 | Pending | -- | -- | -- | |
| 10/05/2010 10/05/10 | For Sale | $235,000 | -- | $93 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $14,696 | $854,271 | $482,849 | $371,422 |
| 2024 | $14,676 | $837,522 | $473,382 | $364,140 |
| 2023 | $14,505 | $821,100 | $464,100 | $357,000 |
| 2022 | $13,658 | $805,000 | $455,000 | $350,000 |
| 2021 | $5,462 | $273,028 | $113,762 | $159,266 |
| 2020 | $5,375 | $270,229 | $112,596 | $157,633 |
| 2019 | $5,312 | $264,932 | $110,389 | $154,543 |
| 2018 | $5,094 | $259,738 | $108,225 | $151,513 |
| 2016 | $4,833 | $249,654 | $104,023 | $145,631 |
| 2015 | $4,630 | $245,905 | $102,461 | $143,444 |
| 2014 | $4,565 | $241,089 | $100,454 | $140,635 |
Source: Public Records
Agents Affiliated with this Home
-
Cameron Samimi
-
Edgar Gutierrez
Buyer's Agent in 2021
Edgar Gutierrez
Century 21 Allstars
(562) 644-0004
1 in this area
26 Total Sales
-
Gloria Melo
Seller's Agent in 2012
Gloria Melo
Karis Realty
(562) 760-1990
2 in this area
36 Total Sales
-
R
Buyer's Agent in 2012
Rowena O'Leary
RE/MAX
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB21076444
APN: 6161-023-009
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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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