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

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

Range of Values:

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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 Change Sq Ft Price
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Lien Pham

    Seller's Agent in 2021

    Lien Pham

    Fortune Weavers Realty Inc.

    (714) 823-6442

    1 in this area

    30 Total Sales

    Lien Pham
    Section Image

  • G

    Buyer's Agent in 2021

    Gil Legaspi

    Realty Executives

    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21094778

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Compton 90220

445 W Palm St, Compton, CA

This home is located at 445 W Palm St, Compton, CA 90220 since 04 May 2021. This property was built in 1987. 445 W Palm St is a home located in Los Angeles County with nearby schools including Longfellow Elementary School, Benjamin O. Davis Middle School, and Compton High School.

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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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