1408 South Wilmington Avenue

Compton, CA 90220

$850,000
Last Sold Price
7
Beds
3
Baths
2,595 Sq. Ft.
$328 / Sq. Ft.
2,595
Sq. Ft.
$328
per Sq. Ft.

Description

Great Income property ! This 3 unit property offers two 2 bedroom, 1bathroom units and one 3 bedroom 1 bathroom, All units have been completely upgraded Each unit has its own laundry hook ups, Electric and Gas meters and 1 car garage. Close to freeways and shopping. This property is perfect for a first time buyer or a seasoned investor. Drive buy only Please do not disturb tenants.Great Income property ! This 3 unit property offers two 2 bedroom, 1bathroom units and one 3 bedroom 1 bathroom, All units have been completely upgraded Each unit has its own laundry hook ups, Electric and Gas meters and 1 car garage. Close to freeways and shopping. This property is perfect for a first time buyer or a seasoned investor. Drive buy only Please do not disturb tenants.
  1. Listed by Lorraine Lewis • DRE #01987406 • Brokerage DRE #01987406 • Bridgegap Real Estate

Property Details for 1408 South Wilmington Avenue

View
City Lights
Parking Spaces Total
3
Private Pool
No
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2595
Assessor Parcel Number
6162-004-025

Location

Listing Courtesy of Bridgegap Real Estate, Lorraine Lewis, DRE #01987406

Sold By Berkshire Hathaway Home Serv., Guadalupe Cano, DRE #01877896

Add your commute
LISTING UPDATED: 08/10/2022 03:52 AM

Property Details for 1408 South Wilmington Avenue

StatusClosed
MLS #DW22083442
Days on Market38
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1955
Lot Size0.14 AC / 6,215 SF
CountyLos Angeles County

Location

Listing Courtesy of Bridgegap Real Estate, Lorraine Lewis, DRE #01987406

Sold By Berkshire Hathaway Home Serv., Guadalupe Cano, DRE #01877896

Add your commute

Building Information for 1408 South Wilmington Avenue

Stories1Residences-Year Built1955Building Size-Lot Size0.14 AC / 6,215 SF

Payment Calculator

$5,940 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,639

Property Taxes

$1,301

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1408 South Wilmington Avenue

Rental Info
Rental Info
  • Tenant Pays: All Utilities, Gas, Trash Collection
Income / Expense / Tax Details
Income Details
  • Gross Income: $75,672
  • Gross Scheduled Income: $75,672
  • Gross Operating Income: $75,672
  • Net Operating Income: $63,282
Expense Details
  • Operating Expense: $12,390
  • New Taxes Expense: $7,672
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $1,718
  • Trash Expense: $0
  • Water Sewer Expense: $3,000
  • Total Expenses: $12,390
Tax / Assessment Info
  • Tax Tract Number: 1473
  • Tax Census Tract: 5432.01
  • CFD/Mello-Roos Fee: $810
  • Tax Lot: 180
Community / Development
Community / Development
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, Gas & Electric Dryer Hookup
  • Flooring: Tile
Exterior Features
  • View Description: City Lights
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Parking Garage Spaces: 3
  • 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: Yes
  • Unit Type Actual Rent: $1,700
  • Unit Type Total Rent: $1,700
  • Unit Type Pro Forma: 1700
  • 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: $1,956
  • Unit Type Total Rent: $1,956
  • Unit Type Pro Forma: 1956
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2735
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 0
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Property History for 1408 South Wilmington Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1408 South Wilmington Avenue

Taxable ValueLand$500,000Additions$350,000Total$850,000
Tax Record2023$15,613 ($1,301 / month)
Home Facts
Total Finished SqFt2,595 SqFtAbove Grade Finished SqFt2,595 SqFtLot Size6,215 SqFtStyleTriplexYear Built1955ZoningCOR3YYCountyLOS ANGELESAPN6162-004-025

Schools near 1408 South Wilmington Avenue

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 - 6 to 8
Rating
School
Distance
Robert F. Kennedy Elementary School
PublicK to 8

Walton Middle School
Public6 to 8

Compton High School
Public9 to 12

Compton Community Day Middle School
Public6 to 8

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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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 Bridgegap Real Estate, Lorraine Lewis, DRE #01987406

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.