Residential Income Details
PRICE REDUCTION! Non-rent control - 8 unit apartment building located in the heart of Compton with a 6.23% cap rate!! Monthly income is $11,755. The subject property is a 7,132 square-foot, two-story apartment building situated on an 8,988 square-foot lot. This charming apartment building offers an attractive mix of spacious (4) two-bedroom units and (4) one-bedroom units in a non-rent control area. 6 out of the 8 units have been updated with new flooring, new cabinets, granite counter tops, newly updated bathrooms with vanities and tiling, and updated plumbing. The exterior of the apartment building has new paint, windows and doors. Property has gated parking for 8 cars. Compton is one of L.A.'s hot new markets as it's desirability is apparent to renters and developers alike due to a centralized location; Downtown Compton adjacent near amenities such as City Hall, The Compton Library, Compton Blue Line Station, Compton Towne Shopping and convenient to freeways and schools. This is an opportunity to own an apartment building in the heart of Compton.
|Number of Units||8|
|Listing Brokerage||Keller Williams Realty|
|Listing Agent||Danny Barriga|
|Listing Agent BRE #||00820918|
Based on information from California Regional Multiple Listing Service, Inc. as of Thursday, September 20, 2018.
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