204 N Spring Avenue, Compton, CA 90221
List Price: $1.2M
Listing Status: Active
Original List Price: $1.3M
0Days on Market: 676
12 Bedrooms · 6 Bathrooms · 2,856 sq ft
Property Type: ResidentialIncome
Year Built: 1942
Lot Size: 6,211 sq ft
Garage Spaces: 4
Private Pool: Yes
MLS Number: 24430359
About This Property
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.
Listing provided by: Melissa Barlow DRE #01498928 310-800-1608 melissa@melissabarlow.com, Elite Representation Real Estate
Source: CRMLS, MLS #: 24430359
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.