No rent control. 10 units in great redeveloped area of Compton. Walking distance from new homes, park, walking distance to shopping. Owner moved out of state so he is ready to sell. Large square footage. No vacancy. 9.67 gross rent multiplier. Parking for 10 cars.
This is a Land Sale. Perfect Size for a strong experienced Developer looking to build on a 19,000 sqft R-3 Lot. Located on a Major Boulevard that already has many multi unit residential apartment complexes. Take advantage of the strong rental market and low vacancy rates. The house structure on the land is uninhabitable. Seller will not remove or demolish.
2 clean updated SFR's and 2 duplexes on monstrous 9618 sq. ft. lot. Great curb, completely wrought iron and blockwall gated, raised foundations, separate meters, newer roofs and windows, 8 carports and NO RENT CONTROL. All spacious 1 beds, apx. 467 sq. ft. each, w/long term te-nants, all pay $790 a month. 56K actual income w/lots of upside. (I own similar units. Bungalows will command higher rents than stacked apartments, and for some reason maintenance costs are a lot lower too.) 1 block to Mayo Elementary, and 4 blocks to Lueders Park. This would make a great compound for an extended family.
Clean low maintenance two pride of ownership single story buildings. Four Desirable three bedroom one bath units. Valuable four garages and two are over sized. Located on a quiet on non thru street. All four units have individual laundry hook ups. Upgrades completed this past Spring included roofs on both buildings and garages as well new stucco and paint.