$485,000
SOLD MAR 29, 2018

450 W Elm St Compton, CA 90220

3 Beds
2 Baths
1,456 Sq Ft
5,255 Sq Ft Lot

Recently Sold

$333 Per Sq Ft

3% Above List Price

13 Days on Market

About This Home

As of December 2020

TWO UNITS, COMPLETELY REMODELED IN THE CITY OF COMPTON. FRONT UNIT IS 2 BEDROOMS 1 BATH.
REAR UNIT IS 1 BEDROOM 1 BATH PLUS A PERMITTED BONUS ROOM. NEW ROOFS ON BOTH HOMES. ALL NEW KITCHENS, BATHS, WINDOWS, COPPER PLUMBING, WATER HEATERS AND LAMINATE FLOORING. REAR HOME HAS NEW STUCCO, DRYWALL AND ELECTRICAL. FIREPLACE IN REAR UNIT. TWO CAR GARAGE. NO RENT CONTROL. SEPARATE METERS FOR GAS AND ELECTRICAL. REAR UNIT IS OCCUPIED AND IS SUBJECT TO INSPECTION.

Last Agent to Sell the Property

Julio Gonzalez

Keller Williams SELA License #01203986 Listed on: 02/05/2018

Keller Williams SELA

Last Buyer's Agent

Adam Gerber

Realty Source Incorporated License #01366412

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,021

Year Built

  • Built in 1949

Lot Details

  • 5,255 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Parking

  • 2 Car Garage

Interior Spaces

  • 1,456 Sq Ft Home
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 4000
  • Assessor Parcel Number 6151021024

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $240
  • Insurance Expense $450
  • Trash Expense $2,400
  • Water Sewer Expense $1,200
  • New Taxes Expense $7,989
  • Operating Expense $12,279
  • Gross Income $11,700
  • Net Operating Income $50

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,021

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1200.00
  • Zoning: COR2YY
  • Property Type: Residential Income
  • Parcel Number: 6151021024
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 333.10

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 2400.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 5255.00

Multi Family

  • Electric Expense: 240.00
  • Gross Income: 11700.00
  • Gross Scheduled Income: 11700.00
  • Insurance Expense: 450.00
  • Net Operating Income: 50.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 50.00
  • Rent Control: No
  • Total Expenses: 12279.00

Tax Info

  • New Taxes Expense: 7989.00
  • Tax Census Tract: 5426.02
  • Tax Lot: 8
  • Tax Tract Number: 4000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2020
Closed on
Nov 25, 2020
Sold by
Martinez Anyeli Viviana
Bought by
Martinez Matthew
Seller's Agent
Venus Martinez
Redfin Corporation
Buyer's Agent
Les James
Onyx Realty & Finc. Serv., Inc
List Price
$559,900
Sold Price
$559,900
Current Estimated Value
$712,176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,276
Avg. Annual Appreciation
5.80%
Original Mortgage
$419,925
Outstanding Balance
$375,375
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$352,831

Purchase Details

Listed on
Aug 13, 2020
Closed on
Nov 23, 2020
Sold by
Martinez Dina
Bought by
Martinez Hector
Seller's Agent
Venus Martinez
Redfin Corporation
Buyer's Agent
Les James
Onyx Realty & Finc. Serv., Inc
List Price
$559,900
Sold Price
$559,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$419,925
Outstanding Balance
$375,375
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$352,831

Purchase Details

Listed on
Aug 13, 2020
Closed on
Nov 20, 2020
Sold by
Palma Lucero
Bought by
Martinez Mark
Seller's Agent
Venus Martinez
Redfin Corporation
Buyer's Agent
Les James
Onyx Realty & Finc. Serv., Inc
List Price
$559,900
Sold Price
$559,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$419,925
Outstanding Balance
$375,375
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$352,831

Purchase Details

Listed on
Aug 13, 2020
Closed on
Nov 13, 2020
Sold by
Little Emily
Bought by
Martinez Mark and Martinez Matthew
Seller's Agent
Venus Martinez
Redfin Corporation
Buyer's Agent
Les James
Onyx Realty & Finc. Serv., Inc
List Price
$559,900
Sold Price
$559,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$419,925
Outstanding Balance
$375,375
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$352,831

Purchase Details

Closed on
Sep 9, 2019
Sold by
Little Brian
Bought by
Little Emily

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,304
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Listed on
Feb 5, 2018
Closed on
Mar 1, 2018
Sold by
Little Brian
Bought by
Little Emily
Seller's Agent
Julio Gonzalez
Keller Williams SELA
Buyer's Agent
Adam Gerber
Realty Source Incorporated
List Price
$469,999
Sold Price
$485,000
Premium/Discount to List
$15,001
3.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.69%
Original Mortgage
$476,215
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Listed on
Feb 5, 2018
Closed on
Feb 22, 2018
Sold by
Jga Group Llc
Bought by
Little Emily
Seller's Agent
Julio Gonzalez
Keller Williams SELA
Buyer's Agent
Adam Gerber
Realty Source Incorporated
List Price
$469,999
Sold Price
$485,000
Premium/Discount to List
$15,001
3.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,215
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 14, 2017
Sold by
Hoskin Cynthia
Bought by
Jga Group Llc
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- North American Title Co Inc
Interfamily Deed Transfer -- North American Title Co Inc
Interfamily Deed Transfer -- North American Title Co Inc
Grant Deed $560,000 North American Title
Interfamily Deed Transfer -- Title365
Interfamily Deed Transfer -- Old Republic Title Company
Grant Deed $485,000 Old Republic Title Company
Grant Deed $275,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $419,925 New Conventional
Previous Owner $472,304 FHA
Previous Owner $476,215 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2020 12/01/20 Sold $559,900 0.0% $385 / Sq Ft
08/27/2020 08/27/20 Pending -- -- --
08/13/2020 08/13/20 For Sale $559,900 +15.4% $385 / Sq Ft
03/29/2018 03/29/18 Sold $485,000 +3.2% $333 / Sq Ft
02/18/2018 02/18/18 Pending -- -- --
02/05/2018 02/05/18 For Sale $469,999 -- $323 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $11,021 $606,159 $216,485 $389,674
2024 $11,021 $594,275 $212,241 $382,034
2023 $10,868 $582,624 $208,080 $374,544
2022 $9,605 $571,200 $204,000 $367,200
2021 $9,711 $560,000 $200,000 $360,000
2020 $8,628 $504,594 $208,080 $296,514
2019 $8,526 $494,700 $204,000 $290,700
2018 $5,102 $280,500 $158,100 $122,400
2016 $792 $16,179 $9,911 $6,268
2015 $773 $15,937 $9,763 $6,174
2014 $779 $15,626 $9,572 $6,054
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW18027843

California Regional Multiple Listing Service (CRMLS)

APN: 6151-021-024