$1,195,000

204 N Spring Avenue, Compton, CA 90221

  • 12 beds
  • 2,856 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1942
  • Property Lot Size Icon6,098sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $418/sqft
  • Property List Date Icon Listed 1 year ago

Property 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.

Listing Status:
Active
Date Added:
August 22, 2024 at 05:00AM
Listing Office:
Elite Representation Real Estate : 310-387-0482
Listing Agent:
Melissa Barlow : 310-387-0482
MLS ID:
CL24430359
  • Flooring: TileCarpet
  • Heating: Wall Furnace
  • General: Front Yard
  • Parking: Other
  • General: Stucco
  • County: Los Angeles
  • Zoning: CORH6166022007
  • View: None
  • Utilities: Other Water/Sewer

This listing courtesy of Melissa Barlow, Elite Representation Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

A

Augusta A. Mayo Elementary School

915 N Mayo Ave, Compton, CA, 90221

Grades KG-5

0.47 miles away

F

Franklin D. Roosevelt Middle School

1200 E Alondra Blvd, Compton, CA, 90221

Grades 6-8

0.78 miles away

C

Compton High School

1200 E Alondra Blvd, Compton, CA, 90221

Grades 9-12

0.78 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.