Excellent investment opportunity at 7.04 cap actual. 4 unit property: 204 Apt. A is 2 bedrooms and 1 bath; 204 Apt. B is 3 bedrooms and 2 baths; 204 Apt. C is 5 bedrooms (4 plus smaller bedroom that is office sized) and 2 baths; 206 is a small detached house on the lot with 2 bedrooms and 1 bath. The property also has 4 single-car garages with additional space for parking or adding an ADU. The roof of the detached unit 206 was replaced in the last two years. The water pipe from the meter to the building was replaced within the last two years and the concrete repaired. A new secure 4 station mailbox was installed in the last two years. There is a laundry room on site that was never utilized. Excellent opportunity to get to a 8.0 cap with laundry addition and increased rents. Do NOT disturb Tenants.
Property Details
Price:
$1,195,000
MLS #:
24430359
Status:
Active
Baths:
0
Address:
204 N Spring Avenue
Type:
Residential Income
Neighborhood:
rocomptonsofrosecranseofalameda
City:
Compton
Listed Date:
Aug 22, 2024
State:
CA
ZIP:
90221
Lot Size:
6,211 sqft / 0.14 acres (approx)
Year Built:
1942
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Schools
Interior
Appliances
Disposal
Flooring
Carpet, Tile
Heating
Wall Furnace
Laundry Features
Individual Room
Exterior
Construction Materials
Stucco
Parking Features
Garage – Single Door
Parking Spots
4.00
Security Features
Gated Community, Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
Financial
Map
Community
- Address204 N Spring Avenue Compton CA
- AreaRO – Compton S of Rosecrans, E of Alameda
- CityCompton
- CountyLos Angeles
- Zip Code90221
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204 N Spring Avenue
Compton, CA
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