Seller's Agent in 2021
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
(310) 259-7556
205 Total Sales
432 W Palm St Compton, CA 90220
Compton AreaEstimated Value: $810,000 - $954,092
4
Beds
4
Baths
2,536
Sq Ft
$345/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 in unit
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
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
Closed on
Jan 29, 2014
Sold by
Bought by
Current Estimated Value
Purchase Details
Listed on
Oct 5, 2010
Closed on
Aug 17, 2012
Sold by
Bought by
Seller's Agent
Gloria Melo
Karis Realty
Buyer's Agent
Rowena O'Leary
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
9.75%
Purchase Details
Closed on
Apr 17, 2012
Sold by
Bought by
Purchase Details
Closed on
Mar 26, 2012
Sold by
Bought by
Purchase Details
Closed on
Mar 1, 2012
Sold by
Bought by
Purchase Details
Closed on
Sep 14, 2006
Sold by
Bought by
Purchase Details
Closed on
Apr 20, 2006
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
$539,910
Interest Rate
2%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Jun 23, 2004
Sold by
Bought by
Purchase Details
Closed on
Mar 25, 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
$194,400
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 7, 2002
Sold by
Bought by
Purchase Details
Closed on
Jan 10, 2002
Sold by
Bought by
Purchase Details
Closed on
Sep 9, 1998
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
$184,762
Interest Rate
6.88%
Mortgage Type
FHA
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| -- | Accommodation | ||
| -- | Accommodation | ||
| -- | Lawyers Title | ||
| $240,000 | Lawyers Title | ||
| -- | Lawyers Title | ||
| -- | None Available | ||
| $600,000 | Investors Title Company | ||
| -- | -- | ||
| $216,000 | Nations Title | ||
| -- | Fidelity National Title | ||
| $214,659 | Fidelity National Title | ||
| $190,000 | Provident 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 | $539,910 | ||
| Previous Owner | $194,400 | ||
| Previous Owner | $184,762 |
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 | 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
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 | $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
28 Total Sales
-
Gloria Melo
Seller's Agent in 2012
Gloria Melo
Karis Realty
(562) 453-3026
39 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
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 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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