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308 Culver Avenue
Compton, CA 90220
Sold
308 N Culver Ave is a three unit apartment complex located near down town Compton. Property is NOT subject to LA City rent control and rents can be increased 10% annually. Constructed in 1963 and sitting on a large 6,614 SF Lot Zoned COPRH. Property consists of 3 separate bungalow style buildings. Front building Apt# A is a 2 Bedroom/1 Bath unit, Apt# B is 2 Bedroom/1 Bath Unit with two single car garages attached, and Apt# C is a 2 Bedroom/1 Bath unit with 1 single car garage attached. Front unit can be delivered vacant. Apt#B is rented at $1,730, Apt#C is rented at $2,200. The property has ample on-site parking with 2 car per unit. This investment presents a tremendous value-add opportunity at 11.59 GRM and 6.14% Cap Rate on current rents. All units are separately metered for gas and electricity. Two tenants are all on month to month leases and one unit is in a rent ready condition. There is about 42% upside potential in rental income.
PROPERTY INFORMATION
| MLS # | SB23104427 | Lot Size | 6,614 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Triplex |
| Price | $ 875,000
Price Per SqFt: $ 357 |
DOM | 693 Days |
| Address | 308 Culver Avenue | Type | Residential Income |
| City | Compton | Sq.Ft. | 2,448 Sq. Ft. |
| Postal Code | 90220 | Garage | 3 |
| County | Los Angeles | Year Built | 1963 |
| Bed / Bath | 6 / 0 | Parking | 3 |
| Built In | 1963 | Status | Closed |
| Sold Date | 2023-08-16 |
INTERIOR FEATURES
| Has Laundry | No |
| Laundry Information | None |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Appliances | No |
| Kitchen Appliances | None |
| Has Heating | No |
| Heating Information | None |
| Room Information | All Bedrooms Down |
| Has Cooling | No |
| Cooling Information | None |
| Flooring Information | Laminate |
| EntryLocation | ground |
| Entry Level | 1 |
| Has Spa | No |
| SpaDescription | None |
EXTERIOR FEATURES
| FoundationDetails | Combination |
| Roof | Asphalt |
| Has Pool | No |
| Pool | None |
| Has Fence | Yes |
| Fencing | Wire |
WALKSCORE
Walk Score: 82 (Very Walkable)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $933
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 07/31/2023 | Pending | $875,000 |
| 07/10/2023 | Price Change | $875,000 (-1.13%) |
| 06/28/2023 | Price Change | $885,000 (-6.84%) |
| 06/13/2023 | Listed | $950,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Evelyn Baez Gonzalez, Lyon Stahl Investment Real Estate, Inc.. 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.
