NOT LISTED FOR SALE

445 W Palm St Compton, CA 90220

10 Beds
5 Baths
4,655 Sq Ft
7,529 Sq Ft Lot

Last Sold August 20, 2021

Last sale price $1,225,000 $263 Per Sq Ft

3 Days on Market

About This Home

As of August 2021

Excellent investment property with steady cash flow! This building consists of 5 units, each with 2 bedrooms and 1 bath. Upgraded kitchen and water heaters to each unit. All units are currently occupied. Three units are upstairs, and two units with downstairs entrances. Each unit has its own 1-car garage, and is individually metered for gas and electric. Three additional 1-car garage parking spaces available for an added fee. This is a great opportunity to start collecting income!

Last Agent to Sell the Property

Lien Pham

Fortune Weavers Realty Inc. License #02025081 Listed on: 05/04/2021

Last Buyer's Agent

Gil Legaspi

Realty Executives Com. & Res. License #01265976

Realty Executives Com. & Res.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 7,529 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot
  • Density is up to 1 Unit/Acre

Parking

  • 5 Open Parking Spaces
  • 8 Car Garage

Home Design

  • 4,655 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 15
  • Assessor Parcel Number 6161024011

Community Details

Overview

  • 5 Units

Building Details

  • 6 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $11
  • Insurance Expense $3,500
  • Professional Management Expense $4,610
  • Trash Expense $245
  • New Taxes Expense $1,575
  • Operating Expense $10,905
  • Gross Income $76,830
  • Net Operating Income $65,925

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Parking

8

Listing Details

  • Professional Management Expense: 4609.60
  • Property Attached: Yes
  • Zoning: COCL*
  • Property Type: Residential Income
  • Parcel Number: 6161024011
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 263.16

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 13.00
  • Uncovered Spaces: 5.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 245.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Rectangular Lot
  • Lot Size Sq Ft: 7529.00
  • Lot Size Acres: 0.1728

Multi Family

  • Electric Expense: 10.68
  • Gross Income: 76830.20
  • Gross Scheduled Income: 76830.00
  • Insurance Expense: 3500.00
  • Lot Size Area: 7529.0000 Square Feet
  • Net Operating Income: 65925.07
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 10905.10
  • Rent Control: No
  • Total Expenses: 10905.13

Tax Info

  • New Taxes Expense: 1574.80
  • Tax Census Tract: 5425.02
  • Tax Lot: 15
  • Tax Tract Number: MANN A
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/20/2021 08/20/21 Sold $1,225,000 +11.4% $263 / Sq Ft
05/07/2021 05/07/21 Pending -- -- --
05/04/2021 05/04/21 For Sale $1,100,000 -- $236 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $22,716 $1,299,979 $530,604 $769,375
2024 $22,408 $1,274,490 $520,200 $754,290
2023 $22,150 $1,249,500 $510,000 $739,500
2022 $20,862 $1,225,000 $500,000 $725,000
2021 $16,308 $906,009 $214,439 $691,570
2020 $16,021 $896,720 $212,241 $684,479
2019 $15,838 $879,138 $208,080 $671,058
2018 $15,430 $861,900 $204,000 $657,900
2016 $7,729 $398,679 $191,573 $207,106
2015 $7,408 $392,692 $188,696 $203,996
2014 $7,297 $385,000 $185,000 $200,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21094778

California Regional Multiple Listing Service (CRMLS)