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Listed by Kristopher German • RE/MAX 2000 REALTY
$ 1,150,000
Est. payment | /mo
7,197 Sqft Lot
$ 1,150,000
Est. payment | /mo
7,197 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRCV25166662
Year Built 1952
Lot Size 7,197 Sqft
Source California Regional MLS
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 9.67 and a Cap Rate of 7.35%, this asset provides strong in-place cash flow from day one, with upside potential in rental income. At only $192K 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 Of Rosecrans, E Of Central, W Of Ala
Rooms
Kitchen None
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Laundry None
Exterior
Parking Features Attached Garage
Garage Spaces 6.0
Pool 31, None
View None
Roof Type Shingle
Building
Story One Story
Water District - Public
Others
Tax ID 6157022007
Special Listing Condition Not Applicable
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Dave Lucas
REALTOR® | Lic# 02092197