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.
Fully Occupied!!! Excellent rental income! 8.52% cap rate! If you have been looking for a property with great cash flow, this is the one! This is a clean mixed use commercial property located on the corner of Bradfield Ave and Alondra Blvd in the City of Compton. Building features 3 retail units on Alondra Blvd, which is a high traffic count main street & 2 residential units at the rear. The residential duplex features an upstairs & downstairs unit with each unit comprised of 2 bedrooms/1 bathroom. Upstairs unit is also 2 bedrooms, 1 bath. Alley access! Each commercial unit has 2 designated gated parking spaces at rear. Each residential tenant has 1 parking space adjacent to the building. Parking area has a recent layer of poured asphalt. All buildings were recently painted on the exterior and the retail units have newly installed roll down security bars. Close to public transportation, the 710fwy, the Metro blue line & a few blocks from Long Beach Blvd. All units to be sold with current tenants & AS IS condition. Buyers are to verify entire condition & all information on this property on their own & must satisfy themselves as to all aspects of this property. Information deemed reliable but not guaranteed.
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.
Great opportunity to own a low maintenance cash cow! This is a Four (4) unit property. Two units are 2bd, 1 ba and the other Two are 1bd, 1 ba. Property has Two 2 car garages in the back with alley access. Units are gated and provide privacy and security for tenants. All tenants are in a month to month lease. No section 8 tenants. Act quick!
Subject property is a Duplex located in the Unincorporated area of Los Angeles county consisting of 2 bedroom 1 bath each with 1 attached garage and 1 parking space. Subject property is gated and able to access parking spaces through alleyway. Easy access to the 710 freeway and 91 freeway. Subject property is in close proximity in many support facilities (shopping, schools, and public transportation).