204 N Spring AvenueCompton, CA 90221

Description

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 Information

Property type

Residential Income

Year built

1942

Stories

2

Living area

2,856 Sq Ft

Lot size

0.14 acres

Garage spaces

4

Parking spaces

4

Zoning

CORH*

Days on market

780

MLS^® Listing#

24430359

Property Features

Interior

Ceiling Fan(s)

Appliances

Disposal

Heating

Wall Furnace

Flooring

Carpet · Tile

Fireplace

None

Pool

None

Parking

Garage

Laundry

Laundry Room

Patio

None

Lot features

Front Yard

Construction

Stucco

Foundation

Raised

Security

Carbon Monoxide Detector(s) · Gated Community · Smoke Detector(s) · Window Bars

Community

Gated

Water source

Public

Financial Details

HOA

None

Parcel number

6166022007

Directions

Compton Blvd and Alameda Street