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 Features
Bedrooms
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 6
Appliances
- Laundry Facilities: Room
- Laundry Features: Room
Heating and Cooling
- Cooling Features: Ceiling Fan
- Heating Features: Wall
- Water Heaters: Gas
Interior Features
- Flooring: Mixed, Carpet, Tile
Waterfront and Water Access
Land Info
- Lot Description: Front Yard, Fenced Yard
- Lot Size Acres: 0.1425849
- Lot Size Source: Vendor Enhanced
- Lot Size Square Feet: 6211
Garage and Parking
- Garage Spaces: 4
- Garage Description: Garage - 1 Car, Garage Is Detached
- Parking Total: 4
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
Multi-Unit Info
- Number of Buildings: 2
- Number of Units: 4
- Unit Type: Residential
- Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 1895, 2 BedsTotal: 3, 2 BathsTotal: 2, 2 SquareFeet: 2995, 3 BedsTotal: 5, 3 BathsTotal: 2, 3 SquareFeet: 3495, 4 BedsTotal: 2, 4 BathsTotal: 1, 4 SquareFeet: 1840
Rental Info
- Gross Income: 113748
- Number of Units Leased: 3
- Tenant Pays: Electric, Gas, Trash
School Information
- School District: Compton Unified
Other Property Info
- Source Listing Status: Active
- County: Los Angeles
- Cross Street: Compton Blvd and Alameda Street
- Cap Rate: 6.2
- Directions: Compton Blvd and Alameda Street
- Source Property Type: Residential Income
- Area: Compton S of Rosecrans, E of Alameda
- Source Neighborhood: Compton S of Rosecrans, E of Alameda
- Number of Separate Electric Meters: 4
- Number of Separate Gas Meters: 4
- Owner Pays: Water, Gardener
- Parcel Number: 6166-022-007
- Zoning: CORH
- Source System Name: C2C
Commercial Info
- Net Operating Income: 80643
Building and Construction
- Total Square Feet Living: 2856
- Year Built: 1942
- Building Exterior Type: Stucco
- Common Walls: Attached
- Entry Location: Ground Level w/steps
- Foundation Details: Raised
- Levels: One Level
- Living Area Source: Vendor Enhanced
- Property Age: 82
- Property Condition: Updated/Remodeled
- Levels or Stories: 2
- Year Built Source: Vendor Enhanced
Utilities
Home Features
- Other Equipment: Ceiling Fan, Garbage Disposal
- Security Features: Gated, Carbon Monoxide Detector(s), Smoke Detector, Window Bars
