4223 Compton Ave, Los Angeles, CA 90011
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4223 Compton Ave Los Angeles, CA 90011

$680,000 Sold Price as of 09/27/2023
  • 5 Beds
  • 3 Baths
  • 2,099 Sq.Ft.
Sold
$680,000 Sold Price as of 09/27/2023 Refinance Your Mortgage

Map preview of 4223 Compton Ave, Los Angeles, CA 90011

Property Overview: 4223 Compton Ave Los Angeles, CA has 5 bedrooms, 3 bathrooms, 2,099 living square feet and 3,967 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are proud to present 4223 Compton Ave, Los Angeles! The property consists of (1) One-Bedroom and (2) Two-Bedroom units. Two of the units have their own fenced patios areas, which allows a lot of privacy for the tenants. Property to be delivered with current Tenants in place. This Triplex offers a great opportunity to invest in a property that is conveniently located near Downtown Los Angeles. The property boasts a prime, central location that provides easy access to all of the city's top attractions and amenities, making it an ideal investment for those who want to experience the best of what LA has to offer. The competitive pricing makes now the perfect time to secure a great investment property opportunity that promises a great financial reward. PROPERTY TO BE DELIVERED WITH ONE OF THE 2 BEDROOM UNITS VACANT! Contact us now to discuss in more detail!

Listed by John Stiegler II | BRE #01981597 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Stephen Takahashi | BRE #01944770 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 12 minutes ago | Last updated: September 27th, 2023 | Source CRMLS | DOM: 46

Home details

Lot Sq. Ft
3,967
HOA Dues
$0/mo
Year built
1938
Garage
--
Property Type:
Triplex
Status
Sold
MLS#
SB23070871
City
Los Angeles
County
Los Angeles
Time on Site
395 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,675
  • Total Rent: $1,675
  • Pro Forma/Market Rent: $1,675
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,413
  • Total Rent: $1,413
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.13%
  • Gross Rent Multiplier: 11.23
  • Gross Scheduled Income: $62,256
  • Net Operating Income: $42,840
  • Gross Operating Income: $59,143
  • Vacancy Allowance: $3,113
Annual Expense Breakdown
  • Total Operating Expense: $16,304
  • Electric: $675
  • Gas/Fuel: $675
  • New Taxes: $8,738
  • Trash: $675
  • Insurance: $2,148
  • Maintenance: $2,718
  • Water/Sewer: $675

Property Details for 4223 Compton Ave

Interior Features
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 5116009002
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: On Compton Avenue, Between E 43rd St & E 42nd St
Neighborhood Information
  • Community Features: Suburban, Urban
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Sale History for 4223 Compton Ave

Last sold for $680,000 on September 27th, 2023
  • September, 2023

  • Sep 27, 2023

    Date

    Sold

    CRMLS: SB23070871

    $680,000

    Price

  • Apr 28, 2023

    Date

    Active

    CRMLS: SB23070871

    $699,000

    Price

  • April, 2022

  • Apr 14, 2022

    Date

    Active

    CRMLS: IN22075556

    $525,000

    Price

  • Listing provided courtesy of CRMLS

    SHOWING TUESDAY APRIL 19TH: 12PM - 1PM. Great Opportunity to own a Bread and Butter Income Property for the price of a Single Family home! CAP Rate offering upwards of 8%! Park your 1031 Exchange here. Property priced below comps! 3 units separately metered for gas and electric. Tenants pay for all utilities except water. ONE VACANT UNIT! Perfect for owner user or get your own tenant at market rent! This property is gated for privacy and is priced to sell! Conveniently located close to schools, USC, Banc of California Stadium, museums, downtown LA, shopping centers, grocery stores, restaurants, coffee shops, parks, easy access to major freeways. Long-term tenants in good standing that always pay their rent on time. Start collecting income right away! Great for seasoned investor or first time buyer. Great upside rental potential in this highly metropolitan location! Please do not disturb tenants. Property will be delivered occupied with existing tenants and one vacant unit. Listing info deemed reliable but not guaranteed. No warranties expressed or implied.

  • January, 2015

  • Jan 8, 2015

    Date

    Sold (Public Records)

    Public Records

    $377,000

    Price

  • May, 2012

  • May 31, 2012

    Date

    Sold (Public Records)

    Public Records

    $195,000

    Price

Show More

Tax History for 4223 Compton Ave

Assessed Value (2020): $414,295
Year Land Value Improved Value Assessed Value
2020 $197,806 $216,489 $414,295

Home Value Compared to the Market

This property vs the competition

4223 Compton Ave sold on September 27, 2023 for 45.13% lower than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $333.02 per/sqft which puts the price per square foot 57.9% lower than the current median sale per square foot for the city of Los Angeles.

About 4223 Compton Ave

Detailed summary of property

4223 Compton Ave is a triplex that recently sold in Los Angeles, CA 90011. This triplex offered 5 bedrooms, 3 bathrooms, roughly 2,099 living square feet, and sits on an approximately 3,967 square foot lot. 4223 Compton Ave was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $680,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 45.13% lower than the current median priced home. Local homes that are currently for sale include 218 E 27th St, 507 E 59th Pl and 128 E 54th St. While the average home in Los Angeles, CA is selling in 100 days, 4223 Compton Ave has a days on market of 46 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 4223 Compton Ave Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4223 Compton Ave

Public county record property details
Beds
5
Baths
3
Year built
1938
Sq. Ft.
2,099
Lot Size
3,967
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
2-3,5-6
APN
5116-009-002

The source for these homes facts are from public records.

90011 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.
$486
Median Sold Price
$670,000
Median Sold Price/Sq.Ft.
$485
Total Inventory
47
Median Sale to List Price %
111.69%
Avg Days on Market
8
Loan Type
Conventional (16.67%), FHA (33.33%), VA (0%), Cash (0%), Other (33.33%)

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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.