Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    223 Chester Ave Compton, CA 90221-2765
    Back to Search
    Property profile & analytics

    223 Chester Ave, Compton, CA 90221-2765

    View on Map
    • Apartment buildings
    • 6,129 SF
    • 0.17 lot acres
    Off-Market
    Property ID
    US09-7611439
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $950,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 223 Chester Ave

    Year built
    1961
    Construction
    WOOD
    Lot size
    0.17 lot acres
    Zone code
    CORH*
    Property type
    Apartment buildings
    APN
    6178-001-017
    APU
    6178001017

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 26, 2015 — Ivania R Morales Palemon Morales Affidavit Death Of Trustee/successor Trustee · related $570k · East West Bank
    Feb 4, 2005 $729,000 Paul Morales Casey Jones Grant Deed $360k · Washington Mutual Bank Fa
    — — Morales Family Trust — Deed Of Trust · related $150k · Dolores Morales
    — — Morales Family Trust — Deed Of Trust · related $430k · East West Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,315,000
      Current use
      COMMERCIAL (GENERAL)
      $1,395,000
      Change: +6% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,370,000
      Change: +4% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Compton
    County
    Los Angeles
    State
    California
    Longitude
    -118.215
    Latitude
    33.8978
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $19,923
    $355,305
    $640,920
    $996,225
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $830,000
      4,596 SF

      1115 Atlantic Dr

      APARTMENT HOUSE (5+ UNITS)
      1115 Atlantic Dr, Compton, CA 90221-4733
      View Details
    • Value Estimation
      $1,915,000
      12,452 SF

      913 Rose Ave

      APARTMENT HOUSE (5+ UNITS)
      913 Rose Ave, Compton, CA 90221-2067
      View Details
    • Value Estimation
      $840,000
      5,785 SF

      219 Santa Fe Ave

      APARTMENT HOUSE (5+ UNITS)
      219 Santa Fe Ave, Compton, CA 90221-2762
      View Details
    • Value Estimation
      $665,000
      4,104 SF

      209 Spg Ave, Unit C

      APARTMENT HOUSE (5+ UNITS)
      209 Spg Ave, Compton, CA 90221-2648
      View Details
    • Value Estimation
      $3,765,000
      27,014 SF

      831 Pne St

      APARTMENT HOUSE (5+ UNITS)
      831 Pne St, Compton, CA 90221-1165
      View Details
    • Value Estimation
      $3,875,000
      25,028 SF

      808 Pne St

      APARTMENT HOUSE (5+ UNITS)
      808 Pne St, Compton, CA 90221-1114
      View Details

    Similar Nearby for Sale

    • $1,475,000

      Compton Multifamily Investment Opportunity

      Multifamily property in Compton with immediate income potential.
      406 E Rosecrans Ave, Compton, CA 90221
      View Details
    • $1,890,000

      Compton Mixed-Use Investment Opportunity

      Updated mixed-use property with cash flow near Compton and Lynwood.
      1702 N Long Beach Blvd, Compton, CA 90221
      View Details
    • Contact for pricing

      Compton Fourplex in Prime Location

      Fourplex in prime rental market near a great park.
      1631 E Saunders St, Compton, CA 90221
      View Details
    • Contact for pricing

      Prime Commercial Corner Lot

      Commercial corner lot in Compton, offering excellent visibility and accessibility.
      2416 E Alondra Blvd, Compton, CA 90221
      View Details
    • Contact for pricing
      12,063 SF

      Retail Space For Sale

      Retail space available with a 6.50% CAP rate.
      1900 E Alondra Blvd, Compton, CA 90221
      View Details

    Similar Nearby for Lease

    • $1.40 SF/Yr
      30,000 SF

      Compton Warehouse Space Available

      30,000 sqft warehouse space for lease in Compton.
      17621 South Susana Rd, Compton, CA 90221
      View Details
    • Contact for pricing
      2,635 SF

      Rancho Dominguez Warehouse Space Available

      34,964 SF warehouse with dock high loading, freeway access.
      3144 E Maria St, Rancho Dominguez, CA 90221
      View Details
    • Contact for pricing
      35,333 SF

      Industrial Building with Fenced Yard

      Functional industrial building featuring a private, fenced yard and ample parking.
      2945 E Maria St, Rancho Dominguez, CA 90221
      View Details
    • Contact for pricing
      30,886 SF

      Compton Crossdock/Warehouse with Yard

      74-door crossdock/warehouse on 11.2 acres with fenced yard.
      500-550 S Alameda St, Compton, CA 90221
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    223 Chester Ave
    Compton, CA 90221-2765
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    223 Chester Ave, Compton, CA, 90221
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!