NOT LISTED FOR SALE

512 S Burris Ave Compton, CA 90221

Estimated Value: $830,000 - $903,000

5 Beds
2 Baths
2,546 Sq Ft
$337/Sq Ft Est. Value

Last Sold December 03, 2019

Last sale price $575,000 $226 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $5,466/month

46 Days on Market

About This Home

As of December 2019

First time on the market in the last 23 years! Duplex in a nice area featuring a 3 bedroom 1 bath home in the front and 2 bedroom 1 bath in the rear. Each property has it's own kitchen, restroom, parking and a very long driveway for extra parking. Front unit has a living and dining area that area a comfortable size. Rear unit is also well laid out with a very large living area. Back unit is a 2 story (1st floor is the 2 car attached garage & 2nd floor is the 2nd unit).

Last Agent to Sell the Property

Rodrigo Franco

RE/MAX TIME REALTY License #01917532 Listed on: 08/23/2019

RE/MAX TIME REALTY

Last Buyer's Agent

Manlio Ceja-Gomez

KELLER WILLIAMS REALTY License #02023306

KELLER WILLIAMS REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 6,963 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Interior Spaces

  • 2,546 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tax Lot 98
  • Tax Tract Number 6187
  • Assessor Parcel Number 6179021021

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 1 Leased Unit
  • 1 Separate Electric Meter
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Insurance Expense $1,000
  • Water Sewer Expense $1,500
  • Operating Expense $3,700
  • Gross Income $14,400
  • Net Operating Income $9,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1500.00
  • Zoning: CORL*
  • Property Type: Residential Income
  • Parcel Number: 6179021021
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 225.84

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6963.00
  • Lot Size Acres: 0.1598

Multi Family

  • Electric Expense: 1200.00
  • Gross Income: 14400.00
  • Gross Scheduled Income: 14400.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 6963.0000 Square Feet
  • Net Operating Income: 9400.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 3000.00
  • Rent Control: No
  • Total Expenses: 3700.00

Tax Info

  • Tax Census Tract: 5424.01
  • Tax Lot: 98
  • Tax Tract Number: 6187

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2019
Closed on
Nov 4, 2019
Sold by
Herrera Amparo Lizette
Bought by
Herrera Jeff William
Seller's Agent
Rodrigo Franco
RE/MAX TIME REALTY
Buyer's Agent
Manlio Ceja-Gomez
KELLER WILLIAMS REALTY
List Price
$580,000
Sold Price
$575,000
Premium/Discount to List
-$5,000
-0.86%
Current Estimated Value
$857,100

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$282,100
Avg. Annual Appreciation
6.79%
Original Mortgage
$564,585
Outstanding Balance
$493,163
Interest Rate
3.25%
Mortgage Type
FHA
Estimated Equity
$363,937

Purchase Details

Listed on
Aug 23, 2019
Closed on
Oct 16, 2019
Sold by
Gonzalez Luis and Avelar Guadalupe
Bought by
Herrera Jeff William
Seller's Agent
Rodrigo Franco
RE/MAX TIME REALTY
Buyer's Agent
Manlio Ceja-Gomez
KELLER WILLIAMS REALTY
List Price
$580,000
Sold Price
$575,000
Premium/Discount to List
-$5,000
-0.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$564,585
Outstanding Balance
$493,163
Interest Rate
3.25%
Mortgage Type
FHA
Estimated Equity
$363,937

Purchase Details

Closed on
Nov 1, 2002
Sold by
Gonzalez Juan A
Bought by
Gonzalez Luis and Avelar Guadalupe

Purchase Details

Closed on
Jan 26, 1997
Sold by
Bankers Trust Company
Bought by
Gonzalez Luis and Avelar Guadalupe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,305
Interest Rate
7.66%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 30, 1996
Sold by
Adams Earl John and Encisco Carlota A
Bought by
Bankers Trust Company and Greenwich Capital Acceptance Inc Series
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
Herrera Jeff William -- Fidelity National Title Co
Herrera Jeff William $575,000 Fidelity National Title Co
Gonzalez Luis -- --
Gonzalez Luis $136,000 --
Bankers Trust Company $132,553 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Herrera Jeff William $564,585
Previous Owner Gonzalez Luis $134,305
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/03/2019 12/03/19 Sold $575,000 -0.9% $226 / Sq Ft
10/08/2019 10/08/19 Pending -- -- --
08/23/2019 08/23/19 For Sale $580,000 -- $228 / 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 $11,694 $628,842 $235,132 $393,710
2024 $11,694 $616,513 $230,522 $385,991
2023 $11,520 $604,425 $226,002 $378,423
2022 $9,907 $592,574 $221,571 $371,003
2021 $10,005 $580,956 $217,227 $363,729
2020 $9,934 $575,000 $215,000 $360,000
2019 $4,214 $223,215 $95,166 $128,049
2018 $4,055 $218,839 $93,300 $125,539
2016 $3,840 $210,343 $89,678 $120,665
2015 $3,676 $207,184 $88,331 $118,853
2014 $3,616 $203,126 $86,601 $116,525
Source: Public Records

Agents Affiliated with this Home

  • Rodrigo Franco

    Seller's Agent in 2019

    Rodrigo Franco

    RE/MAX

    (909) 559-4356

    195 Total Sales

    Rodrigo Franco
    Section Image
  • Manlio Ceja-Gomez

    Buyer's Agent in 2019

    Manlio Ceja-Gomez

    KELLER WILLIAMS REALTY

    (562) 305-7952

    34 Total Sales

    Manlio Ceja-Gomez
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV19202352

California Regional Multiple Listing Service (CRMLS)

APN: 6179-021-021

California Los Angeles County Compton 90221

512 S Burris Ave, Compton, CA

Not Listed for Sale

MultiFamily

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