1016 East Oaks Street

Compton, CA 90221

$789,000
Price
7
Beds
3
Baths
2,872 Sq. Ft.
$275 / Sq. Ft.
2,872
Sq. Ft.
$275
per Sq. Ft.

Description

Welcome to this fantastic investment opportunity nestled in the vibrant community of Compton! One Unit offers 3 Large bedroom 1 bath . One unit is a 2 Bedroom 2 bath . There are 1-one bedroom 1 bath unit that will be delivered vacant and one more bonus room. These units present an exciting opportunity to update and increase rental income potential. Located in Compton, a dynamic community known for its cultural diversity and thriving local amenities, this property enjoys proximity to schools, parks,...Welcome to this fantastic investment opportunity nestled in the vibrant community of Compton! One Unit offers 3 Large bedroom 1 bath . One unit is a 2 Bedroom 2 bath . There are 1-one bedroom 1 bath unit that will be delivered vacant and one more bonus room. These units present an exciting opportunity to update and increase rental income potential. Located in Compton, a dynamic community known for its cultural diversity and thriving local amenities, this property enjoys proximity to schools, parks, shopping centers, and major transportation routes. Don't miss out on this excellent investment opportunity
  1. Listed by Melissa Knight • DRE #01184594 • Brokerage DRE #01475932 • The Hills Premier Realty

Property Details for 1016 East Oaks Street

Zoning
CORM*
Parcel Number
6176006014
Total Units
3.0
Living Area
2872
Source Living Area
Vendor Enhanced
Area
Compton N of Rosecrans, E of Central (RN)
Vacancy Rate
2
Lot Size Area
4687

Location

Listing Courtesy of The Hills Premier Realty, Melissa Knight, DRE #01184594
Add your commute
LISTING UPDATED: 04/20/2024 07:28 PM

Property Details for 1016 East Oaks Street

StatusActive
MLS #24-360919
Days on Market69
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1929
Lot Size0.11 AC / 4,687 SF
CountyLos Angeles County

Location

Listing Courtesy of The Hills Premier Realty, Melissa Knight, DRE #01184594
Add your commute

Building Information for 1016 East Oaks Street

Stories2Residences-Year Built1929Building Size-Lot Size0.11 AC / 4,687 SF

Payment Calculator

$5,238 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,306

Property Taxes

$932

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1016 East Oaks Street

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: triplex
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $33,960
  • Net Operating Income: $25,692.00
  • Gross Income: $33,960
  • Gross Rent Multiplier: $23.00
  • Total Annual Expense: 8268
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1076
  • Lot Size Square Feet: 4687
Parking Details
Parking Details
  • Parking Garage: Garage - 1 Car, Driveway - Pavers
  • Total Parking: 0
  • Parking Features: Garage - Single Door, Paved
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 02-23-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,415.00
  • Unit Actual Rent: $1,415.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,415.00
  • Unit Actual Rent: $1,415.00
  • Unit Projected Rent: $2,400.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $190,000.00
  • Assessed Improvement Percent: 32.2
  • Assessed Land Value: $400,000.00
  • Assessed Land Percent: 67.8
  • Assessed Total Value: $590,000.00

Property History for 1016 East Oaks 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 1016 East Oaks Street

Taxable ValueLand$400,000Additions$190,000Total$590,000
Tax Record2023$11,187 ($932 / month)
Home Facts
Total Finished SqFt2,872 SqFtAbove Grade Finished SqFt2,872 SqFtLot Size4,685 SqFtStyleTriplexYear Built1929ZoningCORM*CountyLOS ANGELESAPN6176-006-014

Schools near 1016 East Oaks Street

This home is within Compton Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 12
Rating
School
Distance
Foster Elementary School
PublicK to 5

Whaley Middle School
Public6 to 8

Dominguez High School
Public9 to 12

Lifeline Education Charter School
CharterK 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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1016 East Oaks Street is a multi-family home for sale in Compton, CA 90221. This property was listed for sale on February 21, 2024 by The Hills Premier Realty, it's currently listed at $789,000. This listing's school district is Compton Unified School District. Nearby schools include Foster Elementary School, Whaley Middle School and Dominguez High School. 1016 East Oaks Street is a 7-bed, 3-bath, 2,872 sqft multi-family home built in 1929.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Hills Premier Realty, Melissa Knight, DRE #01184594

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.