NOT LISTED FOR SALE

445 W Palm St Compton, CA 90220

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

Sale Details

Date 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

7,529 Sq Ft Lot

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
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

Source: Public Records

Average Home Value in this Area





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
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

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 $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

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21094778

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.