NOT LISTED FOR SALE

701 S Willowbrook Ave Compton, CA 90220

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

Sale Details

Date 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 in unit
  • 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

7,889 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $12,077 $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)
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