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204 Spring Avenue
Compton, CA 90221
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.
PROPERTY INFORMATION
| MLS # | 24430359 | Lot Size | 6,211 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,300,000
Price Per SqFt: $ 455 |
DOM | 257 Days |
| Address | 204 Spring Avenue | Type | Residential Income |
| City | Compton | Sq.Ft. | 2,856 Sq. Ft. |
| Postal Code | 90221 | Garage | 4 |
| County | Los Angeles | Year Built | 1942 |
| Bed / Bath | 12 / 0 | Parking | 4 |
| Built In | 1942 | Status | Active |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Individual Room |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Appliances | Yes |
| Kitchen Appliances | Disposal |
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| Flooring Information | Carpet, Tile |
| InteriorFeatures Information | Ceiling Fan(s) |
| EntryLocation | Ground Level w/steps |
| Has Spa | No |
| SpaDescription | None |
| SecuritySafety | Gated Community, Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars |
EXTERIOR FEATURES
| FoundationDetails | Raised |
| Has Pool | No |
| Pool | None |
| Has Patio | No |
| Patio | None |
| Has Sprinklers | No |
WALKSCORE
Walk Score: 81 (Very Walkable)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,387
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 08/23/2024 | Listed | $1,300,000 |
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Listing provided courtesy of Melissa Barlow, Elite Representation Real Estate. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
