NOT LISTED FOR SALE

508 W Alondra Blvd Compton, CA 90220

Estimated Value: $1,067,000 - $1,287,447

6 Beds
6 Baths
3,370 Sq Ft
$351/Sq Ft Est. Value

Last Sold December 07, 2020

Last sale price $855,000 $254 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $7,560/month

27 Days on Market

Highlights

  • RV Access or Parking
  • Traditional Architecture
  • Private Yard
  • Property is near public transit
  • Granite Countertops
  • No HOA

About This Home

As of December 2020

INVESTOR'S DELIGHT . 2 HOUSES ON 1 LARGE LOT (9,867 Sq Ft) and is Zoned COR 3 . These 2 new construction homes (built in 2004) will be DELIVERED VACANT to investors allowing full market rents to be obtained . Currently a large extended family is occupying the homes and are moving out at close of escrow. Each home is approximately 1685 Sq ft , desperately metered (water, gas and electric)with 3 bedrooms and 2 1/2 baths and a large (10 ft ceiling) two car garage. Each home has a a separate backyard - patio area and is fenced for privacy There is an abundance of parking with garages and land that can be used for an RV . Each unit has a laundry closet for washer and dryer and an open concept kitchen that looks onto a family room and dinning area excellent for entertaining guests. The homes come with a termite certificate /clearance and you will find these homes in great condition. PLEASE REVIEW ATTACHED VIRTUAL TOUR and drone video to see the high value in this property . . This property is ideal for an investor or homeowner with an extended family. It will not be on market long

Last Agent to Sell the Property

Chuck Brewer

Home Smart Realty Group License #01939550 Listed on: 09/08/2020

Home Smart Realty Group

Last Buyer's Agent

Emilia Lynch

Emilia R. Lynch, Broker License #01271247

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2004

Lot Details

  • 9,867 Sq Ft Lot
  • No Common Walls
  • Security Fence
  • Wrought Iron Fence
  • Wood Fence
  • Landscaped
  • Paved or Partially Paved Lot
  • Private Yard
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • 6 Open Parking Spaces
  • Parking Available
  • Front Facing Garage
  • RV Access or Parking

Home Design

  • Duplex
  • Traditional Architecture
  • Entry on the 1st floor
  • Combination Foundation
  • Stucco

Interior Spaces

  • 3,370 Sq Ft Home
  • 2-Story Property
  • Granite Countertops

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Upper Level Bedrooms
  • Walk-In Closet
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Fire and Smoke Detector
  • Termite Clearance

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Standard Electricity

Additional Features

  • Accessible Parking
  • Shed

Listing and Financial Details

  • Tax Lot 44
  • Tax Tract Number 1473
  • Assessor Parcel Number 6162010032

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $2,500
  • New Taxes Expense $10,600
  • Operating Expense $13,100
  • Gross Income $67,200
  • Net Operating Income $67,200

Property Details

Home Type

Multi-Family

Year Built

Built in 2004

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: Smoke Detector(s)
  • Zoning: COR3*
  • Architectural Style: Traditional
  • Property Condition: Termite Clearance
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6162010032
  • Year Built: 2004
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Accessibility Features: Parking
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 253.71
  • Room Type: All Bedrooms Up, Kitchen, Laundry, Master Bedroom, Walk-In Closet

Exterior Features

  • Foundation: Combination
  • Other Structures: Shed(s)
  • Fence: Yes
  • Fencing: Privacy, Security, Wood, Wrought Iron
  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Concrete, Garage, Garage Faces Front, RV Access/Parking
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Landscaped, Near Public Transit, Paved, Yard
  • Lot Size Sq Ft: 9867.00
  • Lot Size Acres: 0.2265

Rental Info

  • Garage Rental Rate: 100.00

Multi Family

  • Average3 Bed Area: 1685 Square Feet
  • Garage Income: 200.00
  • Gross Income: 67200.00
  • Gross Scheduled Income: 67200.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 9867.0000 Square Feet
  • Net Operating Income: 67200.00
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Rent Control: No
  • Total Expenses: 13100.00

Tax Info

  • New Taxes Expense: 10600.00
  • Tax Census Tract: 5432.01
  • Tax Lot: 44
  • Tax Tract Number: 1473

Matterport 3D Tours

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2020
Closed on
Oct 13, 2020
Sold by
Carmacho Arturo Martinez
Bought by
Saldarriaga Azucena Maria and Saldarriaga Gustavo
Seller's Agent
Chuck Brewer
Home Smart Realty Group
Buyer's Agent
Emilia Lynch
Emilia R. Lynch, Broker
List Price
$855,000
Sold Price
$855,000
Current Estimated Value
$1,182,612

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$327,612
Avg. Annual Appreciation
6.63%
Original Mortgage
$843,441
Interest Rate
2.8%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 13, 2011
Sold by
Williams Andrew
Bought by
Camacho Arturo Martinez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
4.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 17, 2003
Sold by
S/K Investments
Bought by
Williams Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,550
Interest Rate
4.06%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 11, 2002
Sold by
Bobbitt Turner
Bought by
S/K Investments
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
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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
Saldarriaga Azucena Maria $859,000 Usa National Title Company
Camacho Arturo Martinez $340,000 Chicago Title Company
Williams Andrew $450,000 Fidelity National Title
S/K Investments $400,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Saldarriaga Azucena Maria $843,441
Previous Owner Camacho Arturo Martinez $272,000
Previous Owner Williams Andrew $404,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/07/2020 12/07/20 Sold $855,000 0.0% $254 / Sq Ft
09/08/2020 09/08/20 For Sale $855,000 -- $254 / 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 $16,363 $929,806 $464,903 $464,903
2024 $16,363 $911,576 $455,788 $455,788
2023 $16,148 $893,702 $446,851 $446,851
2022 $14,566 $876,180 $438,090 $438,090
2021 $14,720 $859,000 $429,500 $429,500
2020 $7,104 $398,295 $152,289 $246,006
2019 $7,023 $390,486 $149,303 $241,183
2018 $6,722 $382,830 $146,376 $236,454
2016 $6,367 $367,966 $140,693 $227,273
2015 $6,082 $362,440 $138,580 $223,860
2014 $5,971 $355,341 $135,866 $219,475
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20178888

California Regional Multiple Listing Service (CRMLS)

APN: 6162-010-032