NOT LISTED FOR SALE

920 S Willowbrook Ave Compton, CA 90220

Estimated Value: $1,038,335 - $1,081,000

5 Beds
5 Baths
2,310 Sq Ft
$459/Sq Ft Est. Value

Last Sold October 24, 2023

Last sale price $955,000 $413 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $6,994/month

330 Days on Market

Highlights

  • No Units Above
  • Corner Lot
  • 1-Story Property

About This Home

As of October 2023

REDUCED PRICE FOR QUICK SALE! 920 S. Willowbrook Avenue offers a buyer an excellent investment opportunity to purchase a 5-unit building in Compton, California. Compton is known as the "Hub City" because of its exact geographical location in the center of Los Angeles County with easy access to all Los Angeles area freeways. This property is located next to the Alameda Corridor, a passageway of 25 percent of all U.S. waterborne international. Compton is rapidly emerging as a large industrial center in Los Angeles County for transit and distribution, business services, high technology, home and lifestyle products, metals, financial serves and textile manufacturing. This investment opportunity consists of (5) one bedroom/one bathroom, single-story units. This property also features garages and backyards. It offers a new owner the opportunity to easily increase rents and further increase the already high cash on cash return.

Last Agent to Sell the Property

Doug Rodermund

Morgan Skenderian License #01314304 Listed on: 09/28/2022

Last Buyer's Agent

Kristal Franklin

Keller Williams Pacific Estate License #02085627

Keller Williams Pacific Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 7,958 Sq Ft Lot
  • No Units Above
  • 1 Common Wall
  • Corner Lot

Parking

  • 5 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,310 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 6 / 1
  • Tax Tract Number 19
  • Assessor Parcel Number 6163018019
  • $1,563 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,128
  • Fuel Expense $1,128
  • Gardener Expense $1,200
  • Insurance Expense $1,123
  • Maintenance Expense $5,247
  • Pest Control $750
  • Trash Expense $1,128
  • Water Sewer Expense $1,128
  • New Taxes Expense $15,623
  • Operating Expense $27,383
  • Gross Income $84,821
  • Net Operating Income $57,438

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Parking

5

Listing Details

  • CapRate: 5.90
  • Property Attached: Yes
  • Water Sewer Expenses: 1128.00
  • Zoning: COPRH*
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 6163018019
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall, No One Above
  • Levels: One
  • Price Per Square Foot: 413.42

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: No
  • Pest Control Expense: 750.00
  • Sewer: Public Sewer
  • Trash Expense: 1128.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 7958.00
  • Lot Size Acres: 0.1827

Multi Family

  • Electric Expense: 1128.00
  • Fuel Expense: 1128.00
  • Gross Multiplier: 11.09
  • Gross Operating Income: 84821.00
  • Gross Scheduled Income: 87444.00
  • Insurance Expense: 1123.00
  • Lot Size Area: 7958.0000 Square Feet
  • Maintenance Expense: 5247.00
  • Net Operating Income: 57438.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 27383.00
  • Rent Control: No
  • Total Actual Rent: 7287.00
  • Total Expenses: 27383.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 15623.00
  • Tax Block: 1
  • Tax Census Tract: 5432.03
  • Tax Lot: 6
  • Tax Tract Number: 19
  • TaxOtherAnnualAssessmentAmount: 1563.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2019
Closed on
May 9, 2019
Sold by
920 Willowbrook Ave Llc
Bought by
920 Willowbrook Ave Llc
Seller's Agent
Rene Alarcon
Big Block Powerhouse Realty
Buyer's Agent
Carlos Estrada
Liberty Investment Group
List Price
$749,000
Sold Price
$700,000
Premium/Discount to List
-$49,000
-6.54%
Current Estimated Value
$1,059,668

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$359,668
Avg. Annual Appreciation
6.38%
Original Mortgage
$465,000
Outstanding Balance
$301,873
Interest Rate
4%
Mortgage Type
Construction
Estimated Equity
$757,795

Purchase Details

Closed on
Feb 1, 2019
Sold by
Barajas Alfredo and Barajas Elizabeth
Bought by
920 Willowbrook Ave Llc

Purchase Details

Closed on
Jun 14, 2006
Sold by
Mercer George A and Mercer Peggy L
Bought by
Barajas Alfredo and Barajas Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,750
Interest Rate
6.57%
Mortgage Type
Commercial
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
920 Willowbrook Ave Llc -- Lawyers Title Company
920 Willowbrook Ave Llc $700,000 Lawyers Title Company
Barajas Alfredo $548,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 920 Willowbrook Ave Llc $465,000
Previous Owner Barajas Alfredo $408,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/24/2023 10/24/23 Sold $955,000 -1.5% $413 / Sq Ft
08/24/2023 08/24/23 Pending -- -- --
06/28/2023 06/28/23 Price Changed $970,000 -2.5% $420 / Sq Ft
05/16/2023 05/16/23 Price Changed $995,000 -9.1% $431 / Sq Ft
03/27/2023 03/27/23 Price Changed $1,095,000 -12.4% $474 / Sq Ft
09/28/2022 09/28/22 For Sale $1,250,000 +78.6% $541 / Sq Ft
04/16/2019 04/16/19 Sold $700,000 -6.5% $303 / Sq Ft View Prior Sale
01/29/2019 01/29/19 Pending -- -- --
01/17/2019 01/17/19 For Sale $749,000 -- $324 / 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 $17,095 $974,100 $714,000 $260,100
2024 $17,095 $955,000 $700,000 $255,000
2023 $13,864 $750,539 $321,660 $428,879
2022 $13,087 $735,823 $315,353 $420,470
2021 $13,215 $721,396 $309,170 $412,226
2019 $12,175 $658,165 $396,342 $261,823
2018 $11,890 $645,261 $388,571 $256,690
2016 $11,281 $620,206 $373,483 $246,723
2015 $10,790 $610,890 $367,873 $243,017
2014 $10,604 $598,924 $360,667 $238,257
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22211090

California Regional Multiple Listing Service (CRMLS)

APN: 6163-018-019