NOT LISTED FOR SALE

501 N Crane Ave Compton, CA 90221

Estimated Value: $722,000 - $817,000

4 Beds
3 Baths
1,680 Sq Ft
$467/Sq Ft Est. Value

Last Sold August 26, 2019

Last sale price $525,000 $312 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $5,023/month

17 Days on Market

Highlights

  • No Units Above
  • No HOA
  • Level Lot
  • City Lights View
  • 4 Detached Carport Spaces
  • 1-Story Property

About This Home

As of August 2019

INVESTORS DESIRED "TRIPLEX FOR SALE" ONE UNIT 3 BED/2BA OTHER TWO UNITS 1BED/1BA EA, COVERED AMPLE PARKING AREA, CLOSE TO FREEWAYS, SCHOOLS

Last Agent to Sell the Property

Hugo Puertas

Preferred, REALTOR License #01706195 Listed on: 05/01/2019

Last Buyer's Agent

ISRAEL MEZA

BLUE SKY REAL ESTATE CENTER License #01897210

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 4,854 Sq Ft Lot
  • Lot Dimensions are 50 x 97
  • No Units Above
  • 1 Common Wall
  • Level Lot

Home Design

  • Triplex

Interior Spaces

  • 1,680 Sq Ft Home
  • 1-Story Property
  • City Lights Views
  • Window Bars

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Detached Carport Spaces
  • Parking Available

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 5
  • Tax Tract Number 9374
  • Assessor Parcel Number 6178021029

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Fuel Expense $720
  • Insurance Expense $1,000
  • Trash Expense $840
  • Water Sewer Expense $954
  • New Taxes Expense $6,238
  • Operating Expense $10,951
  • Gross Income $46,476
  • Net Operating Income $35,525

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Window Bars
  • View: Yes
  • Water Sewer Expenses: 953.88
  • Zoning: COPRH*
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 6178021029
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall, No One Above
  • Levels: One
  • Price Per Square Foot: 312.50

Exterior Features

  • View: City Lights
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Detached Carport
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 839.52
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Lot Over 40000 Sqft
  • Lot Size: 50 X 97
  • Lot Size Sq Ft: 4854.00
  • Lot Size Acres: 0.1114

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 731 Square Feet
  • Average3 Bed Area: 949 Square Feet
  • Electric Expense: 1200.00
  • Fuel Expense: 720.00
  • Gross Income: 46476.00
  • Gross Scheduled Income: 46476.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 4854.0000 Square Feet
  • Net Operating Income: 35525.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 10950.90
  • Operating Expense Percent: 0.24
  • Rent Control: No
  • Total Actual Rent: 3873.00
  • Total Expenses: 10950.90

Tax Info

  • New Taxes Expense: 6237.50
  • Tax Area: 2800
  • Tax Census Tract: 5416.05
  • Tax Lot: 5
  • Tax Tract Number: 9374

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2019
Closed on
Aug 16, 2019
Sold by
Gil Seiky E and Gil Sue Evelyn
Bought by
Sanchez Jose
Seller's Agent
Hugo Puertas
Preferred, REALTOR
Buyer's Agent
ISRAEL MEZA
BLUE SKY REAL ESTATE CENTER
List Price
$499,000
Sold Price
$525,000
Premium/Discount to List
$26,000
5.21%
Current Estimated Value
$784,193

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$259,193
Avg. Annual Appreciation
6.54%
Original Mortgage
$515,490
Outstanding Balance
$448,357
Interest Rate
3.37%
Mortgage Type
FHA
Estimated Equity
$335,836

Purchase Details

Listed on
Dec 19, 2016
Closed on
Jan 9, 2017
Sold by
Tdc Pacific Properties
Bought by
Gil Seiky E and Gil Sue Evelyn
Seller's Agent
Dawn MacLeod
TDC Pacific Properties Inc.
Buyer's Agent
Tamara Venediktova
Bridge Real Estate Company Inc
List Price
$379,000
Sold Price
$409,000
Premium/Discount to List
$30,000
7.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.37%
Original Mortgage
$401,591
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 26, 2013
Sold by
Crest Equities Llc
Bought by
Tdc/Pacific Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,750
Interest Rate
4.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 11, 2010
Sold by
Acosta Griselda
Bought by
Crest Equities Llc

Purchase Details

Closed on
Jan 24, 2007
Sold by
Hernandez Juan J
Bought by
Acosta Griselda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,000
Interest Rate
6.23%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Sep 20, 2006
Sold by
Hernandez Juan J and Hernandez Juan Jose
Bought by
Hernandez Juan J and Gonzalez Guadalupe Garcia

Purchase Details

Closed on
Oct 27, 2004
Sold by
Ocegueda Refugio O
Bought by
Hernandez Juan Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,800
Interest Rate
6.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 17, 2004
Sold by
Carrasco Ocegueda Refugio O and Carrasco Ocegueda Eva Idalia
Bought by
Ocegueda Refugio O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
4.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 1999
Sold by
Hernandez Jesus and Hernandez Maria Enedina
Bought by
Carasco Ocegueda Refugio O and Carasco Ocegueda Eva Idalia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,710
Interest Rate
7.96%

Purchase Details

Closed on
Feb 14, 1996
Sold by
Romero Armando J and Romero Gloria
Bought by
Hernandez Jesus and Hernandez Maria Enedina
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Sanchez Jose $525,000 Priority Title
Gil Sue Evelyn -- None Available
Gil Seiky E $409,000 Provident Title Company
Tdc/Pacific Properties Inc -- Ticor Title Riverside
Crest Equities Llc -- Accommodation
Acosta Griselda $545,000 Southland Title
Hernandez Juan J -- Southland Title
Hernandez Juan J -- None Available
Hernandez Juan Jose $311,000 Fidelity National Title
Ocegueda Refugio O -- Fidelity Long Beach
Carasco Ocegueda Refugio O $143,000 Fidelity Title
Hernandez Jesus -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sanchez Jose $515,490
Previous Owner Gil Seiky E $401,591
Previous Owner Tdc/Pacific Properties Inc $168,750
Previous Owner Acosta Griselda $109,000
Previous Owner Hernandez Juan J $436,000
Previous Owner Hernandez Juan Jose $248,800
Previous Owner Ocegueda Refugio O $180,000
Previous Owner Carasco Ocegueda Refugio O $138,710
Closed Hernandez Juan Jose $62,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/26/2019 08/26/19 Sold $525,000 +5.2% $313 / Sq Ft
05/18/2019 05/18/19 Pending -- -- --
05/01/2019 05/01/19 For Sale $499,000 +22.0% $297 / Sq Ft
02/13/2017 02/13/17 Sold $409,000 +7.9% $243 / Sq Ft View Prior Sale
01/03/2017 01/03/17 Pending -- -- --
12/19/2016 12/19/16 For Sale $379,000 -- $226 / 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 $10,974 $574,161 $246,068 $328,093
2024 $10,974 $562,904 $241,244 $321,660
2023 $10,806 $551,867 $236,514 $315,353
2022 $9,244 $541,047 $231,877 $309,170
2021 $9,335 $530,439 $227,331 $303,108
2020 $9,280 $525,220 $225,000 $300,220
2019 $7,731 $425,743 $208,080 $217,663
2018 $7,506 $417,400 $204,000 $213,400
2016 $4,845 $258,883 $103,553 $155,330
2015 $4,634 $254,995 $101,998 $152,997
2014 $4,558 $250,000 $100,000 $150,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW19102032

California Regional Multiple Listing Service (CRMLS)

APN: 6178-021-029