204 Spring Avenue, Compton, CA 90221
  • MLS#: 24430359 ( )
  • Street Address: 204 Spring Avenue
  • Viewed: 1
  • Price: $1,300,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1942
  • Bldg sqft: 0
  • Days On Market: 85
  • Additional Information
  • County: LOS ANGELES
  • City: Compton
  • Zipcode: 90221
  • Provided by: Elite Representation Real Estate
  • Contact: Melissa Melissa
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Excellent investment opportunity at 6.2 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 7 cap with laundry addition and increased rents. Do NOT disturb Tenants.
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Features
Appliances
  1. Disposal
Building Area Total
  1. 2856.00
Construction Materials
  1. Stucco
Country
  1. US
Entry Location
  1. Ground Level w/steps
Fireplace Features
  1. None
Flooring
  1. Carpet
  2. Tile
Foundation Details
  1. Raised
Garage Spaces
  1. 4.00
Gardner Expense
  1. 1200.00
Heating
  1. Wall Furnace
Insurance Expense
  1. 2680.00
Interior Features
  1. Ceiling Fan(s)
Laundry Features
  1. Individual Room
Laundry Income
  1. 2400.00
Levels
  1. One
Lockboxtype
  1. None
Lot Features
  1. Front Yard
Netoperatingincome
  1. 80643.00
Newtaxesexpense
  1. 16510.00
Parcel Number
  1. 6166022007
Parking Features
  1. Garage - Single Door
Pool Features
  1. None
Professionalmanagementexpense
  1. 465.00
Property Condition
  1. Updated/Remodeled
Security Features
  1. Gated Community
  2. Carbon Monoxide Detector(s)
  3. Smoke Detector(s)
  4. Window Bars
Sewer
  1. Sewer Paid
Sourcesystemkey
  1. 24-430359:CLAW
Spa Features
  1. None
Tenant Pays
  1. Electricity
  2. Gas
  3. Trash Collection
Totalexpenses
  1. 33105.00
Trash Expense
  1. 3200.00
View
  1. None
Water Sewer Expense
  1. 2100.00
Water Source
  1. Public
Year Built
  1. 1942
Zoning
  1. CORH*