Excellent investment opportunity at 6.2 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 7 cap with laundry addition and increased rents. Do NOT disturb Tenants.
Property Details
Price:
$1,300,000
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
Fireplace Features
None
Flooring
Carpet, Tile
Heating
Wall Furnace
Interior Features
Ceiling Fan(s)
Exterior
Foundation Details
Raised
Garage Spaces
4.00
Lot Features
Front Yard
Parking Features
Garage – Single Door
Parking Spots
4.00
Pool Features
None
Security Features
Gated Community, Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
Sewer
Sewer Paid
Spa Features
None
Stories Total
2
View
None
Water Source
Public
Financial
Tenant Pays
Electricity, Gas, Trash Collection
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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Courtesy of Elite Representation Real Estate. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
204 N Spring Avenue
Compton, CA
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