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16106 S Bullis Rd Compton, CA 90221

$1,375,000 Sold Price as of 01/18/2024

7 Beds
7 Baths
4,232 Sq.Ft.

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$1,375,000 Sold Price as of 01/18/2024 Refinance Your Mortgage

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Map preview of 16106 S Bullis Rd, Compton, CA 90221

Property Overview: 16106 S Bullis Rd Compton, CA has 7 bedrooms, 7 bathrooms, 4,232 living square feet and 5,078 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Listed by Ruben Sarinana Jr | BRE #01016100 | Century 21 A Better Service

Last checked: 6 minutes ago | Last updated: January 20th, 2024 | Source CRMLS | DOM: 81

Home details

Lot Sq. Ft: 5,078
HOA Dues: $0/mo
Year built: 1954
Garage: 4 Car
Property Type:: Mixed Use

Status: Sold
MLS#: DW23112556
City: Compton
County: Los Angeles
Time on Site: 303 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 7
Total # of Buildings: 3
# of Electric Meters: 7
# of Gas Meters: 7
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,280
Total Rent: $1,280
Pro Forma/Market Rent: $1,600

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,280
Total Rent: $1,280
Pro Forma/Market Rent: $1,600

Unit Breakdown 3

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $2,700
Total Rent: $2,700
Pro Forma/Market Rent: $2,150

Unit Breakdown 4

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,180
Total Rent: $1,180
Pro Forma/Market Rent: $1,600

Unit Breakdown 5

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,280
Total Rent: $1,280
Pro Forma/Market Rent: $1,600

Unit Breakdown 6

# of Units: 1
# of Beds: 0
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,200
Total Rent: $1,200
Pro Forma/Market Rent: $1,375

Unit Breakdown 7

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,500
Total Rent: $1,500
Pro Forma/Market Rent: $1,600

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $131,040
Net Operating Income: $94,989
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $32,120
Electric: $0
Gas/Fuel: $0
Trash: $1,920
Insurance: $1,900
Professional Management: $0
Water/Sewer: $4,800

Property Details for 16106 S Bullis Rd

Interior Features

Cooling Information

No Cooling
None

Heating Information

Has Heating
Wall Furnace

Laundry Information

No Laundry
None

Fireplace Information

No Fireplace
None

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 4
# of Parking Spaces: 4

Lot Information

Lot Features: 6-10 Units/Acre
Lot Size Source: Public Records
Common Interest: None

Property Information

Common Walls: 2+ Common Walls
Total # of Units: 7
Year Built Source: Public Records
Entry Level: 1
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Homeowners Association

Is Not Part of Association

Utilities Information

Sewer: Public Sewer
Water Source: Public

Assessment Information

Has Assessments
Assessments: Special Assessments

Location / Neighborhood

Location Information

Directions: Main cross streets are S Long Beach Blvd and E Alondra Blvd

Neighborhood Information

Community Features: Sidewalks, Storm Drains, Street Lights

View more facts & features

Local Compton Agent

Sale History for 16106 S Bullis Rd

Last sold for $1,375,000 on January 18th, 2024

January, 2024
Jan 18, 2024

Date

Sold

CRMLS: DW23112556

$1,375,000

Price
Jun 26, 2023

Date

Active

CRMLS: DW23112556

$1,700,000

Price
April, 2023
Apr 13, 2023

Date

Expired

CRMLS: PW22229059

$1,400,000

Price
Oct 25, 2022

Date

Active

CRMLS: PW22229059

$1,400,000

Price
Listing provided courtesy of CRMLS

Located in the heart of the gateway cities is the 7 unit building at 16106 S Bullis Rd. The property is surrounded by both multi and single family homes with ample parking, accessibility, and space. Bullis is composed of 4,232 square feet of livable space with a lot size of just over 5,000 square feet. Tenants enjoy the close proximity of restaurants, employment hubs, and educational institutions. Access to public transportation and everyday errands are made easy in the Long Beach Blvd and Alondra Blvd corridors. Compton has proven historically low vacancy rates with high collection rates compared to the rest of Los Angeles. Bullis presents a coveted opportunity to position equity into an asset with huge potential in rents and renovations!

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August, 2021
Aug 1, 2021

Date

Expired

CRMLS: DW21036893

$1,299,950

Price
Jun 5, 2021

Date

Price Change

CRMLS: DW21036893

$1,299,950

Price
May 24, 2021

Date

Price Change

CRMLS: DW21036893

$1,349,950

Price
Feb 23, 2021

Date

Active

CRMLS: DW21036893

$1,399,950

Price
Listing provided courtesy of CRMLS
January, 2010
Jan 8, 2010

Date

Sold (Public Records)

Public Records

--

Price
January, 2001
Jan 11, 2001

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 16106 S Bullis Rd

Assessed Value (2020): $742,845

Year	Land Value	Improved Value	Assessed Value
2020	$212,241	$530,604	$742,845

Home Value Compared to the Market

This property vs the competition

16106 S Bullis Rd sold on January 18, 2024 for 134.75% higher than the current median sold price for the city of Compton which is $590,000. The median sold price per/sqft for Compton is $563 and this home is sold at $327.27 per/sqft which puts the price per square foot 41.87% lower than the current median sale per square foot for the city of Compton.

About 16106 S Bullis Rd

Detailed summary of property

16106 S Bullis Rd is a mixed use that recently sold in Compton, CA 90221. This mixed use property offered 7 bedrooms, 7 bathrooms, roughly 4,232 living square feet, and sits on an approximately 5,078 square foot lot. 16106 S Bullis Rd was first listed on ArdentRealEstateGroup.com on June 26, 2023. The homeowner sold the property for $1,375,000. Home in Compton are selling for a median price of $590,000 and a median price per square foot of $563. Based on Ardent Real Estate Group's Compton Market Data, this home is sold 134.75% higher than the current median priced home. Local homes that are currently for sale include 4600 S Central Ave, 3033 E 8th St and 2630 E 1St St. While the average home in Compton, CA is selling in 61 days, 16106 S Bullis Rd has a days on market of 81 days. There are currently 124 homes for sale in the Compton real estate market and 115 of them are single family homes while 3 of them are condos and 6 are townhomes. For more information on this home for sale at 16106 S Bullis Rd Compton, CA 90221 contact Ardent Real Estate Group and we will put you in touch with one of our Compton agents.

Public Facts for 16106 S Bullis Rd

Public county record property details

Beds: 8
Baths: 7
Year built: 1954
Sq. Ft.: 4,232
Lot Size: 5,077
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 3,4
APN: 7302-005-003

The source for these homes facts are from public records.

90221 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$640,000

Median List Price/Sq.Ft.

$503

Median Sold Price

$590,000

Median Sold Price/Sq.Ft.

$534

Total Inventory

Median Sale to List Price %

107.47%

Avg Days on Market

Loan Type

Conventional (30%), FHA (30%), VA (10%), Cash (20%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.