NOT LISTED FOR SALE

8820 Compton Ave Los Angeles, CA 90002

Estimated Value: $781,062 - $888,000

8 Beds
4 Baths
2,600 Sq Ft
$317/Sq Ft Est. Value

Last Sold March 23, 2015

Last sale price $415,000 $160 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $5,082/month

109 Days on Market

Highlights

  • Laundry Room
  • Tile Flooring
  • Central Heating

About This Home

As of March 2015

Newer construction, no rent control, well kept.

Last Agent to Sell the Property

Liliana Vera

Summit Realty Group License #01838805 Listed on: 10/22/2014

Last Buyer's Agent

Kyle Young

3L Properties, Inc. License #01902695

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2007

Lot Details

  • 5,185 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 2,600 Sq Ft Home

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 12 Parking Spaces
  • 2 Carport Spaces

Additional Features

  • Laundry Room
  • Central Heating

Listing and Financial Details

  • Tax Lot 131
  • Tax Tract Number 12405
  • Assessor Parcel Number 6044004007

Community Details

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,200
  • Maintenance Expense $3,720
  • Trash Expense $2,400
  • New Taxes Expense $4,680
  • Gross Income $3,400
  • Net Operating Income $28,800

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 6044004007
  • Year Built: 2007
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Levels: Two
  • Price Per Square Foot: 159.62

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area
  • Trash Expense: 2400.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5185.00
  • Lot Size Acres: 0.1190

Multi Family

  • Gross Income: 3400.00
  • Gross Scheduled Income: 40800.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 5185.0000 Square Feet
  • Maintenance Expense: 3720.00
  • Net Operating Income: 28800.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 12000.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 4680.00
  • Tax Lot: 131
  • Tax Tract Number: 12405
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 3, 2017
Sold by
Mittal Ram K
Bought by
Mittal Assets Lp
Current Estimated Value
$834,561

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$289,630
Outstanding Balance
$143,622
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$680,144

Purchase Details

Listed on
Oct 22, 2014
Closed on
Feb 24, 2015
Sold by
Madero Fidencio
Bought by
Mittal Ram K
Seller's Agent
Liliana Vera
Summit Realty Group
Buyer's Agent
Kyle Young
3L Properties, Inc.
List Price
$375,000
Sold Price
$415,000
Premium/Discount to List
$40,000
10.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.55%

Purchase Details

Closed on
Sep 23, 2014
Sold by
Madero Fidencio
Bought by
Madero Fidencio and Madero Carmen

Purchase Details

Closed on
Feb 6, 2007
Sold by
Black Lawrence and 8820 Compton Ave Trust
Bought by
Madero Fidencio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 30, 2006
Sold by
Gay James C and Lewis Beatrice L
Bought by
Black Lawrence and The 8820 Compton Ave Trust

Purchase Details

Closed on
Apr 25, 2005
Sold by
Financial Empire Inc
Bought by
Gay Beatrice L

Purchase Details

Closed on
Feb 22, 2005
Sold by
Gay Beatrice L
Bought by
Financial Empire Inc

Purchase Details

Closed on
Feb 8, 2005
Sold by
Financial Empire Inc
Bought by
Barrios Brian
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
Mittal Assets Lp -- Wfg National Title
Mittal Ram K -- Wfg National Title
Mittal Ram K $415,000 Corinthian Title Company
Madero Fidencio -- None Available
Madero Fidencio $300,000 Lawyers Title
Black Lawrence $24,000 None Available
Gay Beatrice L -- --
Financial Empire Inc -- --
Barrios Brian -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mittal Assets Lp $289,630
Previous Owner Madero Fidencio $270,000
Closed Barrios Brian $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/23/2015 03/23/15 Sold $415,000 +10.7% $160 / Sq Ft
01/23/2015 01/23/15 Pending -- -- --
10/06/2014 10/06/14 For Sale $375,000 -- $144 / 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 $8,659 $626,710 $348,173 $278,537
2024 $8,659 $614,423 $341,347 $273,076
2023 $8,347 $602,376 $334,654 $267,722
2022 $7,966 $590,566 $328,093 $262,473
2021 $7,871 $578,987 $321,660 $257,327
2019 $7,633 $561,816 $312,120 $249,696
2018 $7,500 $550,800 $306,000 $244,800
2016 $5,910 $421,327 $237,263 $184,064
2015 $5,671 $402,000 $275,700 $126,300
2014 $5,766 $402,000 $275,700 $126,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV14216073

California Regional Multiple Listing Service (CRMLS)

APN: 6044-004-007