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Listed by Kristopher German • RE/MAX 2000 REALTY
$ 1,100,000
Est. payment | /mo
3,074 SqFt
$ 1,100,000
Est. payment | /mo
3,074 SqFt
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Pending
Purchase Type For Sale
Square Footage 3,074 sqft
Price per Sqft $357
MLS Listing ID CV-25166662
Year Built 1952
Lot Size 7,197 Sqft
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
Property Description
We are pleased to present an excellent opportunity to acquire a stabilized, income-producing 6-unit property featuring a diverse unit mix of (1) 2-Bed/1-Bath, (2) 1-Bed/1-Bath, and (3) large Studio units, appealing to a broad tenant base. Compton follows AB-1482, there is no localized rent control.
The property is gated and provides tenants with onsite garage parking, including (3) 2-car garages—offering future ADU conversion potential (buyer to verify) for added value and income upside.
Landlord expenses are minimal thanks to a RUBS utility billing system and separate gas and electricity metering for each unit, ensuring operational efficiency.
With a GRM of 9.28 and a Cap Rate of 8.03%, this asset provides strong in-place cash flow from day one, with upside potential in rental income. At only $183K per unit, it's priced to sell—an excellent opportunity for savvy investors, value-add players, or 1031 exchange buyers.
The property is gated and provides tenants with onsite garage parking, including (3) 2-car garages—offering future ADU conversion potential (buyer to verify) for added value and income upside.
Landlord expenses are minimal thanks to a RUBS utility billing system and separate gas and electricity metering for each unit, ensuring operational efficiency.
With a GRM of 9.28 and a Cap Rate of 8.03%, this asset provides strong in-place cash flow from day one, with upside potential in rental income. At only $183K per unit, it's priced to sell—an excellent opportunity for savvy investors, value-add players, or 1031 exchange buyers.
Location
State CA
County Los Angeles
Area Rp - Compton S Rosecrans, E Central, W Alameda
Zoning COPRH*
Interior
Heating Wall Furnace
Fireplaces Type None
Laundry None
Exterior
Parking Features Garage - Three Door
Garage Spaces 6.0
Pool None
Community Features Sidewalks
Utilities Available Sewer Available, Water Available, Electricity Available, Natural Gas Available
View Y/N No
View None
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer