NOT LISTED FOR SALE

918 N Spring Ave Unit B Compton, CA 90221

Estimated Value: $719,439 - $839,000

8 Beds
4 Baths
2,476 Sq Ft
$320/Sq Ft Est. Value

Last Sold May 27, 2014

Last sale price $370,000 $149 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $5,066/month

60 Days on Market

About This Home

As of May 2014

Great 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 Agent to Sell the Property

Alfredo Pineda

Keller Williams Beverly Hills License #01434229 Listed on: 02/20/2014

Keller Williams Beverly Hills

Last Buyer's Agent

Martha Lima

Keller Williams Pacific Estates Cerritos License #01464998

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,166

Year Built

Built in 1953

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 300.00
  • Property Type: Residential Income
  • Parcel Number: 6166020010
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 149.43

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6465.00
  • Lot Size Acres: 0.1480

Multi Family

  • Gross Income: 3450.00
  • Gross Scheduled Income: 3450.00
  • Lot Size Area: 6465.0000 Square Feet
  • Net Operating Income: 3150.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 300.00
  • Rent Control: No
  • Total Actual Rent: 3450.00

Tax Info

  • Tax Lot: 7
  • Tax Tract Number: 5085
  • Tax Year: 2012

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%
Current Estimated Value
$791,110

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$421,110
Avg. Annual Appreciation
7.01%
Original Mortgage
$277,500
Outstanding Balance
$213,102
Interest Rate
4.38%
Mortgage Type
New Conventional
Estimated Equity
$580,544

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
Source: Public Records

Range of Values:

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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
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

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 $9,166 $453,558 $183,874 $269,684
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

  • A

    Seller's Agent in 2014

    Alfredo Pineda

    Keller Williams Beverly Hills

    Section Image

  • M

    Buyer's Agent in 2014

    Martha Lima

    Keller Williams Pacific Estates Cerritos

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW14036210

California Regional Multiple Listing Service (CRMLS)

APN: 6166-020-010

California Los Angeles County Compton 90221

918 N Spring Ave Unit B, Compton, CA

This home is located at 918 N Spring Ave Unit B, Compton, CA 90221 since 20 February 2014 and is currently estimated at $791,110, approximately $319 per square foot. This property was built in 1953. 918 N Spring Ave Unit B is a home located in Los Angeles County with nearby schools including Mayo Elementary School, Benjamin O. Davis Middle School, and Compton High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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