918 N Spring Ave Unit B Compton, CA 90221
Estimated Value: $702,799 - $853,000
8
Beds
4
Baths
2,476
Sq Ft
$313/Sq Ft
Est. Value
About This Home
As of May 2014Great residential income property in a nice pocket of Compton. Three legal units with tons of room. Property has 2 separate buildings and also has a 4 car garage. Has normal wear and tear but definitely a great buy for the price. Property is fully rented and being sold with the long term tenants. Currently being managed by a management company. Contact Alfredo for further information.
Last Listed By
Alfredo Pineda
Keller Williams Beverly Hills License #01434229 Listed on: 02/20/2014
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,166
Year Built
- Built in 1953
Lot Details
- 6,465 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 4 Car Garage
Home Design
- 2,476 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Listing and Financial Details
- Tax Lot 7
- Tax Tract Number 5085
- Assessor Parcel Number 6166020010
Community Details
Overview
- 2 Buildings
- 3 Units
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Water Sewer Expense $300
- Gross Income $3,450
- Net Operating Income $3,150
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 20, 2014
Closed on
May 8, 2014
Sold by
Phan Theresa Heip Thanh T and Phan Andrew Anh B
Bought by
Luyo Wilfredo P and Luyo Elva R
Seller's Agent
Alfredo Pineda
Keller Williams Beverly Hills
Buyer's Agent
Martha Lima
Keller Williams Pacific Estates Cerritos
List Price
$399,000
Sold Price
$370,000
Premium/Discount to List
-$29,000
-7.27%
Total Days on Market
60
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$405,950
Original Mortgage
$277,500
Outstanding Balance
$218,480
Interest Rate
4.38%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 21, 2013
Sold by
Phan Hiep Thanh T
Bought by
Phan Theresa Hiep Thanh T and Phan Andrew Anh Ba
Purchase Details
Closed on
Nov 21, 2003
Sold by
Hud
Bought by
Phan Hiep Thanh T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,360
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 4, 2003
Sold by
Polanco Veronica and Sanchez Warner Jose
Bought by
Citi Mortgage Inc
Purchase Details
Closed on
May 12, 2002
Sold by
Citimortgage Inc
Bought by
Hud
Purchase Details
Closed on
Mar 23, 2001
Sold by
Citimortgage Inc
Bought by
Hud
Purchase Details
Closed on
Aug 9, 1999
Sold by
Saba Shamram and Saba Shahpar
Bought by
Polanco Veronica and Sanchez Warner Jose
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,283
Interest Rate
7.84%
Purchase Details
Closed on
Jul 5, 1999
Sold by
Ocwen Federal Bank Fsb
Bought by
Saba Shamram and Saba Shahpar
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,283
Interest Rate
7.84%
Purchase Details
Closed on
Feb 23, 1999
Sold by
Martinez Pedro and Martinez Rhonda L
Bought by
Ocwen Federal Bank Fsb
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Similar Homes in Compton, CA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Luyo Wilfredo P | $370,000 | Fidelity National Title Co | |
| Phan Theresa Hiep Thanh T | -- | None Available | |
| Phan Hiep Thanh T | $230,500 | Fidelity Long Beach | |
| Citi Mortgage Inc | $235,674 | Fidelity National Title | |
| Hud | -- | Fidelity National | |
| Hud | -- | -- | |
| Citimortgage Inc | $235,674 | -- | |
| Polanco Veronica | $210,000 | Orange Coast Title | |
| Saba Shamram | $129,000 | Chicago Title Co | |
| Ocwen Federal Bank Fsb | $114,177 | Chicago Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Luyo Wilfredo P | $277,500 | |
| Previous Owner | Phan Theresa Hiep Thanh T | $236,800 | |
| Previous Owner | Phan Hiep Thanh T | $281,000 | |
| Previous Owner | Phan Hiep Thanh T | $207,360 | |
| Previous Owner | Polanco Veronica | $208,283 | |
| Previous Owner | Saba Shamram | $90,230 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/27/2014 05/27/14 | Sold | $370,000 | -7.3% | $149 / Sq Ft |
| 04/21/2014 04/21/14 | Pending | -- | -- | -- |
| 02/20/2014 02/20/14 | For Sale | $399,000 | -- | $161 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $9,166 | $444,666 | $180,269 | $264,397 |
| 2023 | $9,024 | $435,948 | $176,735 | $259,213 |
| 2022 | $7,576 | $427,401 | $173,270 | $254,131 |
| 2021 | $7,643 | $419,022 | $169,873 | $249,149 |
| 2020 | $7,509 | $414,727 | $168,132 | $246,595 |
| 2019 | $7,423 | $406,596 | $164,836 | $241,760 |
| 2018 | $7,204 | $398,624 | $161,604 | $237,020 |
| 2016 | $6,843 | $383,147 | $155,330 | $227,817 |
| 2015 | $6,540 | $377,392 | $152,997 | $224,395 |
| 2014 | $4,838 | $267,333 | $149,614 | $117,719 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2014
Alfredo Pineda
Keller Williams Beverly Hills
(323) 997-5498
16 Total Sales
-
M
Buyer's Agent in 2014
Martha Lima
Keller Williams Pacific Estates Cerritos
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW14036210
APN: 6166-020-010
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