
Description
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.
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0BEDS
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0.21ACRES
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0BATHS
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01/2 BATHS
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7,132SQFT
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$217$/SQFT
School Ratings & Info
Description
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.
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-22T01:01:56.25. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.