NOT LISTED FOR SALE

846 W Magnolia St Compton, CA 90220

Estimated Value: $549,000 - $627,000

2 Beds
2 Baths
1,196 Sq Ft
$497/Sq Ft Est. Value

Last Sold September 01, 2016

Last sale price $300,000 $251 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $3,675/month

39 Days on Market

About This Home

As of September 2016

This a great Investment property a duplex front house 2/1 and studio

Last Agent to Sell the Property

Jose Luis Pina

C-21 Powerhouse License #01269672 Listed on: 05/31/2016

Last Buyer's Agent

Gerlin Munoz

Coldwell Banker Envision License #01772541

Coldwell Banker Envision

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1944

Lot Details

  • 4,999 Sq Ft Lot
  • 1 Common Wall
  • Private Yard

Parking

  • 2 Car Garage

Home Design

  • 1,196 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 2324
  • Tax Tract Number 5627
  • Assessor Parcel Number 6156015014

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $645
  • Trash Expense $492
  • Water Sewer Expense $1,080
  • New Taxes Expense $2,425
  • Gross Income $24,600
  • Net Operating Income $19,958

Property Details

Home Type

Multi-Family

Year Built

Built in 1944

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1080.00
  • Property Type: Residential Income
  • Parcel Number: 6156015014
  • Year Built: 1944
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 250.84

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 492.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 4999.00
  • Price Per Lot Square Foot: 60.01

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average Studio Area: 480
  • Gross Income: 24600.00
  • Gross Scheduled Income: 24600.00
  • Insurance Expense: 645.00
  • Net Operating Income: 19958.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 4642.00
  • Rent Control: No
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 2425.00
  • Tax Lot: 2324
  • Tax Tract Number: 5627

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2016
Closed on
Jul 26, 2016
Sold by
Ortega Primitivo
Bought by
Ambriz Juan Aviles and Chaparro Teresita
Seller's Agent
Jose Luis Pina
C-21 Powerhouse
Buyer's Agent
Gerlin Munoz
Coldwell Banker Envision
List Price
$296,000
Sold Price
$300,000
Premium/Discount to List
$4,000
1.35%
Current Estimated Value
$594,675

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$294,675
Avg. Annual Appreciation
7.59%
Original Mortgage
$225,000
Outstanding Balance
$179,350
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
$415,325

Purchase Details

Closed on
May 21, 2009
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Ortega Primitivo

Purchase Details

Closed on
Jul 8, 2008
Sold by
Campos Jorge A
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Jan 2, 2008
Sold by
Campos Jorge A
Bought by
Braxton James B

Purchase Details

Closed on
Apr 5, 2007
Sold by
Foster David and Townsend Erma
Bought by
Campos Jorge A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 6, 2006
Sold by
Foster David
Bought by
Foster David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,000
Interest Rate
6.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 25, 2000
Sold by
Tdc/Pacific Properties
Bought by
Foster David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,946
Interest Rate
8.18%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 9, 1999
Sold by
Mcclain George R and Mcclain Etta M
Bought by
White Darryl C

Purchase Details

Closed on
Nov 17, 1995
Sold by
Morris Dometrius
Bought by
Morris Dometrius

Purchase Details

Closed on
Oct 11, 1994
Sold by
Morris Demetrius
Bought by
Mcclain George R

Purchase Details

Closed on
Apr 13, 1994
Sold by
Mcclain George R and Mcclain Etta M
Bought by
Morris Dometrius
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Ambriz Juan Aviles $300,000 Chicago Title
Ortega Primitivo $100,000 Lsi Title Company Ca
Federal Home Loan Mortgage Corporation $182,878 Fidelity Natl Title Ins Co
Braxton James B -- None Available
Campos Jorge A $460,000 Southland Title
Foster David -- First American Title
Foster David $141,500 Fidelity National Title Co
Tdc/Pacific Properties -- Fidelity National Title Co
White Darryl C $76,100 Provident Title
Morris Dometrius -- --
Mcclain George R -- --
Morris Dometrius -- First American Title
Morris Dometrius -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ambriz Juan Aviles $225,000
Previous Owner Campos Jorge A $368,000
Previous Owner Foster David $217,000
Previous Owner Foster David $139,946
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2016 09/01/16 Sold $300,000 +1.4% $251 / Sq Ft
05/31/2016 05/31/16 For Sale $296,000 -- $247 / 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 $6,826 $348,170 $174,085 $174,085
2024 $6,826 $341,344 $170,672 $170,672
2023 $6,721 $334,652 $167,326 $167,326
2022 $5,717 $328,092 $164,046 $164,046
2021 $5,771 $321,660 $160,830 $160,830
2020 $5,670 $318,362 $159,181 $159,181
2019 $5,604 $312,120 $156,060 $156,060
2018 $5,456 $306,000 $153,000 $153,000
2016 $2,334 $108,777 $76,145 $32,632
2015 $2,245 $107,144 $75,002 $32,142
2014 $2,219 $105,046 $73,533 $31,513
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    Jose Luis Pina

    C-21 Powerhouse

    Section Image
  • Gerlin Munoz

    Buyer's Agent in 2016

    Gerlin Munoz

    Coldwell Banker Envision

    (323) 718-2022

    11 Total Sales

    Gerlin Munoz
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS16116295

California Regional Multiple Listing Service (CRMLS)

APN: 6156-015-014

California Los Angeles County Compton 90220

846 W Magnolia St, Compton, CA

Not Listed for Sale

MultiFamily

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