NOT LISTED FOR SALE

701 S Willowbrook Ave Compton, CA 90220

6 Beds
3 Baths
4,550 Sq Ft
7,889 Sq Ft Lot

Last Sold January 31, 2025

Last sale price $1,295,000 $285 Per Sq Ft

68 Days on Market

About This Home

As of January 2025

Pleased to present an exceptional investment opportunity in Compton, CA. This 6-unit apartment building offers a great mix of 1, 2, and 3-bedroom layouts with spacious floorplans and washer & dryer hookups. Renovated inside and out, the property boasts private garages and presents significant rental upside. Built in 1957 and situated in a non rent-controlled area, this multifamily gem provides an excellent chance to maximize returns. With a prime location and no city rent control restrictions, this property presents the ideal investment for the savvy multifamily investor seeking a high-potential, low-rise opportunity.

Last Agent to Sell the Property

Doug Rodermund

Morgan Skenderian Brokerage Email: dsr@morganskenderian.com License #01314304 Listed on: 10/16/2024

Last Buyer's Agent

Freida Sanei

BERKSHIRE HATHAWAY HOMESERVICES Crest Real Estate License #00801572

BERKSHIRE HATHAWAY HOMESERVICES Crest Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,158

Year Built

  • Built in 1957

Lot Details

  • 7,889 Sq Ft Lot
  • 1 Common Wall

Parking

  • 6 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 4,550 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 6160008021
  • $1,831 per year additional tax assessments

Community Details

Overview

  • 6 Units

Building Details

  • 7 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,367
  • Fuel Expense $2,367
  • Gardener Expense $1,800
  • Insurance Expense $3,225
  • Maintenance Expense $5,000
  • Other Expense $500
  • Pest Control $756
  • Trash Expense $2,367
  • Water Sewer Expense $2,367
  • New Taxes Expense $26,158
  • Operating Expense $46,910
  • Gross Income $145,919
  • Net Operating Income $99,008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,158

Year Built

Built in 1957

Lot Details

0

Parking

6

Listing Details

  • Assessments: Yes
  • CapRate: 6.60
  • Property Attached: Yes
  • Water Sewer Expenses: 2367.00
  • Zoning: CORH*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 6160008021
  • Year Built: 1957
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 284.62

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Pest Control Expense: 756.00
  • Sewer: Public Sewer
  • Trash Expense: 2367.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7889.00
  • Lot Size Acres: 0.1811

Multi Family

  • Electric Expense: 2367.00
  • Fuel Expense: 2367.00
  • Gross Multiplier: 9.97
  • Gross Operating Income: 145919.00
  • Gross Scheduled Income: 150432.00
  • Insurance Expense: 3225.00
  • Lot Size Area: 7889.0000 Square Feet
  • Maintenance Expense: 5000.00
  • Net Operating Income: 99008.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 46910.00
  • Other Expense: 500.00
  • Other Expense Description: admin
  • Rent Control: No
  • Total Expenses: 46910.00

Tax Info

  • New Taxes Expense: 26158.00
  • Tax Census Tract: 5425.02
  • Tax Lot: 1
  • Tax Rate: 1.62
  • Tax Tract Number: 001...
  • Tax Annual Amount: 26158.00
  • TaxOtherAnnualAssessmentAmount: 1831.00
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/31/2025 01/31/25 Sold $1,295,000 -13.7% $285 / Sq Ft
12/23/2024 12/23/24 Pending -- -- --
10/16/2024 10/16/24 For Sale $1,500,000 +177.8% $330 / Sq Ft
12/17/2015 12/17/15 Sold $540,000 -6.9% $121 / Sq Ft View Prior Sale
11/27/2015 11/27/15 Pending -- -- --
11/10/2015 11/10/15 For Sale $580,000 -- $130 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $11,996 $639,244 $165,728 $473,516
2024 $11,996 $626,711 $162,479 $464,232
2023 $11,862 $614,424 $159,294 $455,130
2022 $11,221 $602,377 $156,171 $446,206
2021 $11,302 $590,566 $153,109 $437,457
2019 $10,985 $573,052 $148,569 $424,483
2018 $10,700 $561,816 $145,656 $416,160
2016 $10,116 $540,000 $140,000 $400,000
2015 $2,734 $83,389 $14,052 $69,337
2014 $2,734 $81,756 $13,777 $67,979
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24214868

California Regional Multiple Listing Service (CRMLS)