NOT LISTED FOR SALE

505 W Palm St Compton, CA 90220

Estimated Value: $666,000 - $871,000

4 Beds
2 Baths
1,536 Sq Ft
$497/Sq Ft Est. Value

Last Sold May 13, 2019

Last sale price $510,000 $332 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $4,919/month

48 Days on Market

Highlights

  • Open Floorplan
  • Crown Molding
  • Landscaped
  • Wood Flooring
  • Laundry Room
  • 2 Car Garage

About This Home

As of May 2019

Back on the market, buyer could not perform.

Upgraded 2 Unit Duplex. Very updated unit and still in great condition. MUST SEE! WILL NOT LAST! Perfect for 1st Buyer Live in one and rent the other. No need to do anything else. Great area and Close to the Courthouse. Within 30 minutes of LAX, Inglewood (Rams), Downtown LA, Hollywood. Lots of shopping nearby.

Both units are 2 bedrooms and 1 bath. Nice kitchen, lots of storage and individual parking spaces for each unit. Very nice sized units and both units feel independent of each other and each with its own yard. Must see to appreciate.

Last Agent to Sell the Property

Ulises Gutierrez

Realty One Group United License #01881360 Listed on: 02/22/2019

Realty One Group United

Last Buyer's Agent

Jaklin Elia

Rodeo Realty License #01745780

Rodeo Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,460

Year Built

  • Built in 1945

Lot Details

  • 6,241 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Back and Front Yard

Parking

  • 2 Car Garage
  • 4 Open Parking Spaces
  • Parking Available

Home Design

  • Property Attached

Interior Spaces

  • 1,536 Sq Ft Home
  • Open Floorplan
  • Crown Molding

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 11908
  • Assessor Parcel Number 6161017013

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Operating Expense $1,500
  • Gross Income $3,000
  • Net Operating Income $2,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,460

Year Built

Built in 1945

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Zoning: CORM*
  • Property Type: Residential Income
  • Parcel Number: 6161017013
  • Year Built: 1945
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Crown Molding, Open Floorplan
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Wood
  • Levels: One
  • Price Per Square Foot: 332.03

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, In Garage, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Landscaped
  • Lot Size Sq Ft: 6241.00
  • Lot Size Acres: 0.1433

Multi Family

  • Gross Income: 3000.00
  • Gross Scheduled Income: 3000.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 6241.0000 Square Feet
  • Net Operating Income: 2900.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 100.00
  • Rent Control: No
  • Total Actual Rent: 1450.00
  • Total Expenses: 1500.00

Tax Info

  • Tax Census Tract: 5425.02
  • Tax Lot: 2
  • Tax Tract Number: 11908

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2019
Closed on
Apr 12, 2019
Sold by
Moran Lorenzo and Chen Xingtong
Bought by
Shayan Sheila
Seller's Agent
Ulises Gutierrez
Realty One Group United
Buyer's Agent
Jaklin Elia
Rodeo Realty
List Price
$499,000
Sold Price
$510,000
Premium/Discount to List
$11,000
2.2%
Current Estimated Value
$763,383

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$253,383
Avg. Annual Appreciation
6.52%
Original Mortgage
$408,000
Outstanding Balance
$356,493
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$406,890

Purchase Details

Listed on
Sep 12, 2014
Closed on
Nov 24, 2014
Sold by
Rosario Yahira Maria
Bought by
Moran Lorenzo and Chen Xingtong
Seller's Agent
Diego Esquivel
Camerra Capital
Buyer's Agent
Ulises Gutierrez
Realty One Group United
List Price
$389,900
Sold Price
$380,000
Premium/Discount to List
-$9,900
-2.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.87%
Original Mortgage
$262,500
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 16, 2013
Closed on
Sep 11, 2013
Sold by
Ajja Investments Llc
Bought by
Rosario Yahira Maria
Seller's Agent
Alfred Zamudio
Berkshire Hathaway H.S.C.P.
Buyer's Agent
Diego Esquivel
Camerra Capital
List Price
$349,000
Sold Price
$349,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.68%
Original Mortgage
$342,678
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 4, 2013
Sold by
Deutsche Bank National Trust Company
Bought by
Ajja Investments Llc

Purchase Details

Closed on
Feb 3, 2011
Sold by
Portillo Omar and Leon Micaela
Bought by
Deutsche Bank National Trust Company and Ocwen Loan Servicing Llc

Purchase Details

Closed on
Dec 17, 2003
Sold by
Portillo Omar and Figueroa Soledad B
Bought by
Portillo Omar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
7.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 24, 2002
Sold by
Lopez L Martin
Bought by
Lopez Jesus B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,528
Interest Rate
6.89%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 3, 2002
Sold by
Lopez Jesus B
Bought by
Portillo Omar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,528
Interest Rate
6.89%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Shayan Sheila $510,000 Fidelity National Title Co
Moran Lorenzo $380,000 North American Title Co
Rosario Yahira Maria $349,000 Orange Coast Title Company O
Ajja Investments Llc $191,500 Premium Title Of Ca Inc
Deutsche Bank National Trust Company $207,000 None Available
Portillo Omar -- United Title Company/La
Lopez Jesus B -- Fidelity National Title Co
Portillo Omar $160,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shayan Sheila $408,000
Previous Owner Moran Lorenzo $262,500
Previous Owner Rosario Yahira Maria $342,678
Previous Owner Portillo Omar $189,000
Previous Owner Portillo Omar $157,528
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2019 05/13/19 Sold $510,000 0.0% $332 / Sq Ft
04/11/2019 04/11/19 Pending -- -- --
04/06/2019 04/06/19 Price Changed $510,000 +2.2% $332 / Sq Ft
02/22/2019 02/22/19 For Sale $499,000 +31.3% $325 / Sq Ft
12/08/2014 12/08/14 Sold $380,000 -2.5% $247 / Sq Ft
11/10/2014 11/10/14 Pending -- -- --
09/12/2014 09/12/14 For Sale $389,900 +11.7% $254 / Sq Ft
10/16/2013 10/16/13 Sold $349,000 0.0% $227 / Sq Ft
09/09/2013 09/09/13 Pending -- -- --
08/16/2013 08/16/13 For Sale $349,000 -- $227 / 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 $10,460 $568,909 $223,101 $345,808
2024 $10,460 $557,755 $218,727 $339,028
2023 $10,314 $546,820 $214,439 $332,381
2022 $9,088 $536,099 $210,235 $325,864
2021 $9,186 $525,588 $206,113 $319,475
2020 $9,020 $520,200 $204,000 $316,200
2019 $7,294 $409,405 $175,612 $233,793
2018 $7,065 $401,378 $172,169 $229,209
2016 $6,722 $385,794 $165,485 $220,309
2015 $6,419 $380,000 $163,000 $217,000
2014 $5,936 $349,000 $149,000 $200,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19041020

California Regional Multiple Listing Service (CRMLS)

APN: 6161-017-013