823 W 131St St, Compton, CA 90222
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823 W 131St St Compton, CA 90222

$700,000
  • 8 Beds
  • 3 Baths
  • 1,612 Sq.Ft.
For Sale
$700,000 Get Pre-Qualified

Map preview of 823 W 131St St, Compton, CA 90222

Property Overview: 823 W 131St St Compton, CA has 8 bedrooms, 3 bathrooms, 1,612 living square feet and 6,021 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Anna Kadinowa | BRE #01908285 | Christie's AKG
Co-listed by Kirby Gillon | BRE #01960253 | Christie's AKG
Last checked: 5 minutes ago | Last updated: May 11th, 2024 | Source CRMLS | DOM: 33
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Call/Text (714) 706-1823

Home details

Lot Sq. Ft
6,021
HOA Dues
$0/mo
Year built
1940
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24377099
City
Compton
County
Los Angeles
Time on Site
36 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,940
  • Total Rent: $2,940
  • Pro Forma/Market Rent: $3,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.42%
  • Gross Rent Multiplier: 12.05
  • Gross Scheduled Income: --
  • Net Operating Income: $44,926
  • Gross Operating Income: $58,080
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 823 W 131St St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Space Heater
Kitchen Information
  • Has Appliances
  • Dishwasher, Refrigerator
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • No
  • Parking Features: None
Property Information
  • Total # of Units: 2
  • Parcel Number: 6146005008
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Google maps
View more facts & features

Local Compton Agent

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Sale History for 823 W 131St St

Last sold for $162,000 on June 15th, 2010
  • April, 2024

  • Apr 26, 2024

    Date

    Active

    CRMLS: 24377099

    $700,000

    Price

  • June, 2010

  • Jun 15, 2010

    Date

    Sold (Public Records)

    Public Records

    $162,000

    Price

  • August, 2009

  • Aug 19, 2009

    Date

    Sold (Public Records)

    Public Records

    $160,000

    Price

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Tax History for 823 W 131St St

Assessed Value (2020): $198,235
Year Land Value Improved Value Assessed Value
2020 $121,537 $76,698 $198,235

Home Value Compared to the Market

This property vs the competition

823 W 131St St is listed 14.75% higher than the median list price for the city of Compton which has a median list price of $609,999. The median price per/sqft for Compton is $503 and this home is listed at $434.24 per/sqft which puts the price per square foot 13.67% lower than the median price per square foot for the city of Compton.

About 823 W 131St St

Detailed summary of property

823 W 131St St is a multi family located in Compton, CA 90222 and is currently for sale. This multi family property offers 8 bedrooms, 3 bathrooms, roughly 1,612 living square feet, and sits on an approximately 6,021 square foot lot. 823 W 131St St was first listed on ArdentRealEstateGroup.com on April 26, 2024. The homeowner is currently asking $700,000. The median priced home in Compton is $609,999 with a median price per square foot of $503. Based on Ardent Real Estate Group's Compton Market Data, this home is listed 14.75% higher than the median priced home. Local competing homes currently for sale include 210 E 120th St, 632 E. 107th Street and 9534 Grape St. While the average home in Compton, CA is selling in 51 days, 823 W 131St St has a days on market of 33 days. There are currently 132 homes for sale in the Compton real estate market and 122 of them are single family homes while 3 of them are condos and 7 are townhomes. For more information on this home for sale at 823 W 131St St Compton, CA 90222 contact Ardent Real Estate Group and we will put you in touch with one of our Compton agents.

Public Facts for 823 W 131St St

Public county record property details
Beds
4
Baths
2
Year built
1940
Sq. Ft.
1,612
Lot Size
6,019
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
11,12
APN
6146-005-008

The source for these homes facts are from public records.

90222 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$600,000
Median List Price/Sq.Ft.
$543
Median Sold Price
$545,000
Median Sold Price/Sq.Ft.
$507
Total Inventory
34
Median Sale to List Price %
104.81%
Avg Days on Market
41
Loan Type
Conventional (30%), FHA (50%), VA (0%), Cash (0%), Other (20%)

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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.