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Exterior
Other
Kitchen
Entry Way
Bedroom
Bath

204 N Spring Ave, Compton, CA 90221

$1,195,000
•
12
bed
6
bath
2,856
Sqft ($418/Sqft)

Multi-family for sale 639 days

$105K price drop

Movoto is helping 89 homebuyers near you

About 204 N Spring Ave

Property type Multi-family

Neighborhood

Year built 1942

HOA fee $0/month

Lot size 6,211 Sqft

Movoto estimate

Parking 4 garage spaces

Property description

Excellent investment opportunity at 7.04 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 8.0 cap with laundry addition and increased rents. Do NOT disturb Tenants.

Listed by

Listing Agent - Melissa Barlow

Listing Office - Elite Representation Real Estate

Source: The MLS

MLS#24-430359 • last updated 4 months ago

Movoto checked The MLS for data 56 minutes ago

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Overview
Levels/Style	One
MLS #	24-430359
Type	Residential Income
Status	Active
SqFt	2856
Lot Size (SqFt)	6211
Lot Size (Acres)	0.1426
Tax (Mello-Roos)	No
Year Built	1942
Condition	Updated/Remodeled

Interior
Total # of Baths	6
Total # of Bedrooms	12
Flooring	Mixed, Carpet, Tile
Fireplace Desc	None

Exterior
Foundation	Raised
Exterior	Stucco
# Garage Spaces	4
# Parking Spaces	4
Parking Desc	Garage - 1 Car, Garage Is Detached
Patio	None
Lot Desc	Front Yard, Fenced Yard
Add'l Structures	None
Lot Location	None

Amenities / Utilities
Sprinklers	None
Water	District
Sewer/ Septic	In Street Paid
Water Heater	Gas
Equipment	Ceiling Fan, Garbage Disposal
Pool	None

Location
County	Los Angeles
Waterfront	None
View	None
School District	Compton Unified
Zoning	CORH*
APN	6166-022-007

Multifamily Details
Tenant Pays	Electricity, Gas, Trash Collection
Unit 3: Furnished	No
Unit 1: Furnished	No
Unit 4: Furnished	No
Unit 3: Projected Rent	3495
Unit 1: Projected Rent	1895
Unit 1: # Beds	2
Unit 4: # Beds	2
Unit 1: Rent	1670
Unit 2: Rent	2995
Unit 3: Rent	2774
Unit 4: Rent	1840
Owner Pays	Water, Gardener
Unit 2: Furnished	No
Unit 2: Projected Rent	2995
Unit 4: Projected Rent	1840
Unit 3: # Beds	5
Unit 2: # Beds	3
Unit 2: # Baths	2
Unit 3: # Baths	2
Unit 1: # Baths	1
Unit 4: # Baths	1
Unit 4: Actual Rent	1840
Unit 3: Actual Rent	2774
Unit Type	2106, 2107, 2108, 2109
Unit 1: Actual Rent	1670
Total # Of Buildings	2
Expense: Pest	1200
Total Rent	111348
Expense: Management	465
Expense: Trash	3200
Annual Gross Income	113748
Net Operating Income	80643
Expense: Gardener	1200
Laundry Income	2400
Annual Rent	111348
Cap Rate	7.04
Vacancy Amount (%)	3
Expense: Insurance	2680
Expense: Maintenance	200
Vacancy Rate	3340
Gross Income	2400
Gross Operating Income	113748
Gross Rent Multiplier	11.67
Expense: Licenses	150
Total Annual Expenses	33105
Expense: Water	2100