445 West Palm Street

Compton, CA 90220

$1,225,000
Last Sold Price
10
Beds
5
Baths
4,655 Sq. Ft.
$263 / Sq. Ft.
4,655
Sq. Ft.
$263
per Sq. Ft.

Description

Excellent investment property with steady cash flow! This building consists of 5 units, each with 2 bedrooms and 1 bath. Upgraded kitchen and water heaters to each unit. All units are currently occupied. Three units are upstairs, and two units with downstairs entrances. Each unit has its own 1-car garage, and is individually metered for gas and electric. Three additional 1-car garage parking spaces available for an added fee. This is a great opportunity to start collecting income!Excellent investment property with steady cash flow! This building consists of 5 units, each with 2 bedrooms and 1 bath. Upgraded kitchen and water heaters to each unit. All units are currently occupied. Three units are upstairs, and two units with downstairs entrances. Each unit has its own 1-car garage, and is individually metered for gas and electric. Three additional 1-car garage parking spaces available for an added fee. This is a great opportunity to start collecting income!
  1. Listed by Lien Pham • DRE #02025081 • Brokerage DRE #02064239 • Fortune Weavers Realty Inc.

Property Details for 445 West Palm Street

Parking Spaces Total
13
Private Pool
No
Total Units
5.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4655
Assessor Parcel Number
6161-024-011
Property Attached YN
true
LISTING UPDATED: 08/22/2021 11:27 AM

Property Details for 445 West Palm Street

StatusClosed
MLS #OC21094778
Days on Market3
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1987
Lot Size0.17 AC / 7,529 SF
CountyLos Angeles County

Building Information for 445 West Palm Street

Stories-Residences-Year Built1987Building Size-Lot Size0.17 AC / 7,529 SF

Property Information for 445 West Palm Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $76,830
  • Gross Scheduled Income: $76,830
  • Net Operating Income: $65,925
  • Financing: Conventional
Expense Details
  • Operating Expense: $10,905
  • New Taxes Expense: $1,575
  • Fuel Expense: $0
  • Electric Expense: $11
  • Insurance Expense: $3,500
  • Professional Management Expense: $4,610
  • Trash Expense: $245
  • Water Sewer Expense: $0
  • Total Expenses: $10,905
Tax / Assessment Info
  • Tax Tract Number: MANN A
  • Tax Census Tract: 5425.02
  • Tax Lot: 15
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks, Urban
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre, Rectangular Lot
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 8
  • Uncovered Spaces: 5
  • Open Other Spaces Total: 5
  • Parking Garage Spaces: 8
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,295
  • Unit Type Total Rent: $1,295
  • Unit Type Pro Forma: 1295
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,295
  • Unit Type Total Rent: $1,295
  • Unit Type Pro Forma: 1295
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,402
  • Unit Type Total Rent: $1,402
  • Unit Type Pro Forma: 1402
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,295
  • Unit Type Total Rent: $1,295
  • Unit Type Pro Forma: 1295
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,645
  • Unit Type Total Rent: $1,645
  • Unit Type Pro Forma: 1645
  • Unit Type Type: 5
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1

Property History for 445 West Palm Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 445 West Palm Street

Taxable ValueLand$520,200Additions$754,290Total$1,274,490
Tax Record2024$22,408 ($1,867 / month)
Home Facts
Total Finished SqFt4,655 SqFtAbove Grade Finished SqFt4,655 SqFtLot Size7,529 SqFtStyleMulti-Family Res (5+ Units)Year Built1987ZoningCOCL*CountyLOS ANGELESAPN6161-024-011

Schools near 445 West Palm Street

This home is within Compton Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Longfellow Elementary School
PublicK to 8

Davis Middle School
Public6 to 8

Compton High School
Public9 to 12

Compton Early College High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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Listing Courtesy of Fortune Weavers Realty Inc., Lien Pham, DRE #02025081

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.