823 West 131st Street

Compton, CA 90222

$700,000
Price
4
Beds
2
Baths
1,612 Sq. Ft.
$434 / Sq. Ft.
1,612
Sq. Ft.
$434
per Sq. Ft.

Description

Presenting an outstanding opportunity: a gated duplex comprising two charming freestanding homes, each boasting its own unique features. One house offers 3 bedrooms and 1 bath on a slab foundation, while the other features 2 bedrooms and 1 bath on a raised foundation. Both homes enjoy spacious private backyards shaded by lush fruit trees, including guavas, avocados, apples, and mandarines, creating a serene and picturesque atmosphere for comfortable living. The 3-bedroom house showcases faux wall...Presenting an outstanding opportunity: a gated duplex comprising two charming freestanding homes, each boasting its own unique features. One house offers 3 bedrooms and 1 bath on a slab foundation, while the other features 2 bedrooms and 1 bath on a raised foundation. Both homes enjoy spacious private backyards shaded by lush fruit trees, including guavas, avocados, apples, and mandarines, creating a serene and picturesque atmosphere for comfortable living. The 3-bedroom house showcases faux wall paint, beautiful floor tiles, and an inviting eat-in kitchen with laundry hookups. Meanwhile, the 2-bedroom house features an eat-in kitchen, laundry room, and a back porch leading to the backyard. The option to further divide the front yard enhances the sense of separation and privacy between the two homes, making it perfect for family members living close, but desiring their own space. Ideally situated, this property offers easy access to shopping centers and major freeways, including the 105 and 110, as well as nearby educational institutions such as King/Drew Magnet High School of Medicine and Science and Charles R. Drew University. Additional amenities and services within reach include Martin Luther King Community Hospital, Walmart Supercenter, Magic Johnson Park, and Compton Airport. Don't miss out on this rare opportunity to own a tranquil retreat with endless potential for comfortable living and investment in a desirable neighborhood. Offer subject to inspection, drive-by only. Please do not approach the tenants.
  1. Listed by Anna Kadinowa • DRE #01908285 • Brokerage DRE #01720454 • Christie's AKG
  2. Listed by Kirby Gillon • DRE #01960253 • Brokerage DRE #01720454 • Christie's AKG

Property Details for 823 West 131st Street

Zoning
CORL*
Parcel Number
6146005008
Total Units
2.0
Living Area
1612
Source Living Area
Vendor Enhanced
Area
Compton N of Rosecrans, E of Central (RN)
Vacancy Rate
O
Lot Size Area
6021

Location

Listing Courtesy of Christie's AKG, Anna Kadinowa, DRE #01908285; Christie's AKG, Kirby Gillon, DRE #01960253
Add your commute
LISTING UPDATED: 05/07/2024 04:14 PM

Property Details for 823 West 131st Street

StatusActive
MLS #24-377099
Days on Market13
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1940
Lot Size0.14 AC / 6,021 SF
CountyLos Angeles County

Location

Listing Courtesy of Christie's AKG, Anna Kadinowa, DRE #01908285; Christie's AKG, Kirby Gillon, DRE #01960253
Add your commute

Building Information for 823 West 131st Street

Stories-Residences-Year Built1940Building Size-Lot Size0.14 AC / 6,021 SF

Payment Calculator

$4,216 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,820

Property Taxes

$396

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 823 West 131st Street

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: Duplex
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $58,080
  • Net Operating Income: $44,926.00
  • Gross Income: $58,080
  • Cap Rate: 6.42%
  • Gross Rent Multiplier: $12.05
  • Actual Annual Gross Rent: $58,080.00
  • Total Annual Expense: 13154
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1382
  • Lot Size Square Feet: 6021
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 2
  • Open Other Spaces Total: 2
  • Parking Features: None
Interior Features
Interior Features
  • Levels: One
  • Cooling: None
  • Cooling Type: None
  • Heating: Space Heater
  • Heating Type: Space Heater
  • Equipment: Range/Oven, Refrigerator, Dishwasher
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-26-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,900.00
  • Unit Actual Rent: $1,900.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,940.00
  • Unit Actual Rent: $2,940.00
  • Unit Projected Rent: $3,300.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $80,621.00
  • Assessed Improvement Percent: 38.69
  • Assessed Land Value: $127,756.00
  • Assessed Land Percent: 61.31
  • Assessed Total Value: $208,377.00

Property History for 823 West 131st 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 823 West 131st Street

Taxable ValueLand$127,756Additions$80,621Total$208,377
Tax Record2023$4,747 ($396 / month)
Home Facts
Total Finished SqFt1,612 SqFtAbove Grade Finished SqFt1,612 SqFtLot Size6,019 SqFtStyleDuplexYear Built1940ZoningCORL*CountyLOS ANGELESAPN6146-005-008

Schools near 823 West 131st Street

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

Davis Middle School
Public6 to 8

Willowbrook Middle School
Public6 to 8

Centennial High School
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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823 West 131st Street is a multi-family home for sale in Compton, CA 90222. This property was listed for sale on April 26, 2024 by Christie's AKG, it's currently listed at $700,000. It has been on the market for a total of 13 days and was last sold on May 14, 2010. This listing's school district is Compton Unified School District. Nearby schools include Ronald E. Mcnair Elementary School, Davis Middle School and Willowbrook Middle School. 823 West 131st Street is a 4-bed, 2-bath, 1,612 sqft multi-family home built in 1940.

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 Christie's AKG, Anna Kadinowa, DRE #01908285; Christie's AKG, Kirby Gillon, DRE #01960253

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.