$405,000
SOLD FEB 27, 2013 RENTED JUN 22, 2024

616 E Elm St Compton, CA 90221

7 Beds
4 Baths
3,050 Sq Ft
5,173 Sq Ft Lot

Recently Sold

$133 Per Sq Ft

11 Days on Market

Highlights

  • Contemporary Architecture
  • Balcony
  • Ceramic Countertops
  • No HOA
  • Two Homes on a Lot
  • Laundry Room

About This Home

As of February 2013

Great 4 Unit Property. Features Three 2 bed/1 baths, and one 1bedroom 1 bath house. There are many upgrades to this property. All units were painted, new flooring, reglazed bathtubs, new heaters, and new cooper plumbing. This was done 2 years ago. Also there is a brand new 30 year roof with new plywood underneath and new facial boards around 2 story building. The garage doors are new as well! Don't miss out on the beautiful property!

Last Agent to Sell the Property

Jace Prins

White Realty Associates License #01875810 Listed on: 01/10/2013

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,390

Year Built

  • Built in 1962

Lot Details

  • 5,173 Sq Ft Lot
  • 1 Common Wall
  • Block Wall Fence
  • Backyard Sprinklers

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Property Attached
  • Fire Rated Drywall
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding
  • Pre-Cast Concrete Construction
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 3,050 Sq Ft Home
  • Ceiling Fan
  • Family Room
  • Storage

Kitchen

  • Six Burner Stove
  • Ceramic Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Outdoor Features

  • Balcony
  • Exterior Lighting

Utilities

  • Wall Furnace
  • Private Water Source

Additional Features

  • Accessible Parking
  • Two Homes on a Lot

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 2
  • Tax Tract Number 6468
  • Assessor Parcel Number 6166024028

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $800
  • Insurance Expense $1,050
  • Water Sewer Expense $3,000
  • New Taxes Expense $5,000
  • Gross Income $4,200
  • Net Operating Income $40,550

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,390

Year Built

Built in 1962

Lot Details

0

Parking

4

Listing Details

  • CapRate: 10.00
  • Inclusions: All stoves
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 3000.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 800.00
  • Parcel Number: 6166024028
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, Ceramic Counters, Ceiling Fan(s), Copper Plumbing Full, Storage, Unfurnished
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Accessibility Features: Parking
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 132.79
  • Room Type: Family Room

Exterior Features

  • Foundation: FHA Approved
  • Other Structures: Two On A Lot
  • Fencing: Block
  • Pool Private: No
  • Roof: Asphalt, Shingle
  • Spa: No
  • Construction Materials: Concrete, Drywall Walls, Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen
  • Water Source: Private

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Sprinklers In Rear, Sprinkler System
  • Lot Size Sq Ft: 5173.00
  • Lot Size Acres: 0.1190

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 4200.00
  • Gross Scheduled Income: 50400.00
  • Insurance Expense: 1050.00
  • Lot Size Area: 5173.0000 Square Feet
  • Net Operating Income: 40550.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 820.00
  • Rent Control: No
  • Total Actual Rent: 4200.00

Tax Info

  • New Taxes Expense: 5000.00
  • Tax Lot: 2
  • Tax Tract Number: 6468

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 7, 2022
Sold by
George Lopez David
Bought by
David G Lopez Trust
Total Days on Market
11
Current Estimated Value
$856,942

Purchase Details

Listed on
Jan 10, 2013
Closed on
Jan 31, 2013
Sold by
Prins Wayne and Prins Kimberly
Bought by
Lopez David George
Seller's Agent
Jace Prins
White Realty Associates
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$405,000
Sold Price
$405,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.30%
Original Mortgage
$397,664
Interest Rate
3.34%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 12, 2012
Sold by
Prins Jace R
Bought by
Prins Wayne and Prins Kimberly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,500
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 27, 2010
Sold by
Deutsche Bank National Trust Company
Bought by
Prins Jace R

Purchase Details

Closed on
Sep 29, 2010
Sold by
Bryant Anthony
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Oct 5, 2005
Sold by
Greene Myrtis and Greene Mary Lois
Bought by
Bryant Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$351,000
Interest Rate
7.25%
Mortgage Type
Fannie Mae Freddie Mac
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 Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Grant Deed $405,000 Ticor Title Company
Grant Deed $310,000 Chicago Title Company
Grant Deed $242,500 Chicago Title Company
Trustee Deed $276,611 Accommodation
Grant Deed $525,000 Fidelity National Title Comp
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $397,664 FHA
Previous Owner $232,500 New Conventional
Previous Owner $487,500 Unknown
Previous Owner $97,500 Stand Alone Second
Previous Owner $351,000 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2024 06/22/24 Rented $1,900 0.0% --
06/21/2024 06/21/24 Under Contract -- -- --
06/01/2024 06/01/24 For Rent $1,900 0.0% --
05/21/2024 05/21/24 Under Contract -- -- --
05/16/2024 05/16/24 For Rent $1,900 0.0% --
02/27/2013 02/27/13 Sold $405,000 0.0% $133 / Sq Ft
01/21/2013 01/21/13 Pending -- -- --
01/10/2013 01/10/13 For Sale $405,000 -- $133 / 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
2024 $10,390 $488,938 $150,904 $338,034
2023 $10,221 $479,352 $147,946 $331,406
2022 $8,395 $469,954 $145,046 $324,908
2021 $8,464 $460,740 $142,202 $318,538
2020 $8,317 $456,016 $140,744 $315,272
2019 $8,220 $447,076 $137,985 $309,091
2018 $7,984 $438,311 $135,280 $303,031
2016 $7,578 $421,293 $130,028 $291,265
2015 $7,242 $414,965 $128,075 $286,890
2014 $7,118 $406,838 $125,567 $281,271
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13004022

California Regional Multiple Listing Service (CRMLS)

APN: 6166-024-028