204 N Spring Avenue
Compton, CA 90221
2856 sqft | 12 beds | 0.14 acres | #24430359
Description
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
- Property SubtypeResidentialIncome
- School DistrictCompton Unified
- Property TypeMulti-Family
- Sewer InformationSewerTapPaid
- InteriorCeilingFans
- CountyLos Angeles
- Original List Price$1,300,000
- Lot DescriptionFrontYard
- MLS #24430359
- MLS #24430359
- Cost1300000
- Acres0.1426
- FoundationRaised
- Utility SourcePublic
- Square Feet2856
- Year Built1942
- Bedrooms12
- Stories2
- Parking Spaces4
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Melissa Barlow (#CLW-C121054)
Listing Office: Elite Representation Real Estate (#CLW-X8257573)
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