Compton, CA 90221 204 N Spring Avenue
$1,300,000
1 more
Presented By: Melissa Barlow with Elite Representation Real Estate;
Beds • 12
Baths • 6
SQFT • 2,856
Garage • 4
Home Details
Excellent investment opportunity at 6.3 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.
Presented By: Melissa Barlow with Elite Representation Real Estate;
Interior Features for 204 N Spring Avenue
Bedrooms
Total Bedrooms12
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths6
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringCarpet, Tile
Heating Y/NYes
Laundry FeaturesLaundryRoom
Total Stories2
General for 204 N Spring Avenue
Additional Parcels Y/NNo
AppliancesDisposal
Attached Garage No
Cap Rate6.3
Carport Y/NNo
CityCompton
Community FeaturesGated
Construction MaterialsStucco
CountyLos Angeles
Days on Market8
DirectionsCompton Blvd and Alameda Street
DisclosuresCityInspectionRequired, RentControl
Entry LocationGround Level w/steps
Full Baths
Garage Spaces4.0
Garage Y/NYes
Gross Income111348.0
HeatingWallFurnace
High School DistrictCompton Unified
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense2680.0
Interior FeaturesCeilingFans
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size Square Feet6211.0
Lot Size UnitsSquareFeet
MLS AreaRO - Compton S of Rosecrans, E of Alameda
MaintenanceExpense200.0
MobileHomeRemainsYNNo
Net Operating Income85843.0
New ConstructionNo
Number of Units Leased3
NumberOfUnitsTotal4
Occupancy TypeTenant
Patio/Porch FeaturesNone
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property ConditionUpdatedRemodeled
Property TypeResidentialIncome
Rent Control Y/NYes
Security FeaturesCarbonMonoxideDetectors, GatedCommunity, SmokeDetectors, WindowBars
Senior Community Y/NNo
SewerSewerTapPaid
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Taxes$16,510
Tenant PaysElectricity, Gas, TrashCollection
Trash Expense3200.0
ViewNone
View Y/NNo
Water Sewer Expense2100.0
Waterfront Y/NNo
Year Built1942
ZoningCORH*
Exterior for 204 N Spring Avenue
Building Area Total2856.0
Crops Included Y/NNo
Foundation DetailsRaised
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesFrontYard
Lot Size Acres0.1426
Lot Size Area6211.0
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Open Parking Y/NNo
Parking FeaturesDoorSingle, Garage
SpaNo
Total Parking4.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480