Properties
Compton, CA 90221 204 N Spring Avenue
$1,195,000
9 more
Presented By: Melissa Barlow with Elite Representation Real Estate;
Beds • 12
Baths • 1
SQFT • 2,856
Garage • 4
Home Details
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.
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
Common WallsOneCommonWall
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringCarpet, Tile
Heating Y/NYes
Interior AmenitiesCeilingFans
Laundry FeaturesLaundryRoom
Total Stories2
General for 204 N Spring Avenue
Additional Parcels Y/NNo
AppliancesDisposal
Attached Garage No
Cap Rate7.04
CityCompton
Community FeaturesGated
Construction MaterialsStucco
CountyLos Angeles
DirectionsCompton Blvd and Alameda Street
DisclosuresCityInspectionRequired, RentControl
Entry LocationGround Level w/steps
Full Baths
Garage Spaces4
Garage Y/NYes
Gross Income2400
HOANo
HeatingWallFurnace
High School DistrictCompton Unified
Insurance Expense2680
LevelsOne
Living Area2856
Lot Size Square Feet6211
Lot Size UnitsSquareFeet
MLS AreaRO - Compton S of Rosecrans, E of Alameda
MaintenanceExpense200
Net Operating Income80643
New ConstructionNo
Number Of Units Total4
Number of Units Leased3
Occupancy TypeTenant
Patio/Porch FeaturesNone
Pool FeaturesNone
PossessionCloseOfEscrow
PostalCityCOMPTON
Property Attached Y/NYes
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
Stories Count1
Taxes$16,510
Tenant PaysElectricity, Gas, TrashCollection
Trash Expense3200
ViewNone
Water Sewer Expense2100
Year Built1942
ZoningCORH*
Exterior for 204 N Spring Avenue
Building Area Total2856
Foundation DetailsRaised
Lot FeaturesFrontYard
Lot Size Acres0.1426
Lot Size Area6211
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Parking FeaturesDoorSingle, Garage
Private PoolNo
SpaNo
Total Parking4
Water SourcePublic
Additional Details
Price History
Schools
Middle School
N/A
Elementary School
Big Hollow Elementary School
