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    14640 S Atlantic Avenue

    Compton, CA 90221
    • $2,438,999
    • STATUS: Active
    • ON SITE: 48 days
    • ID#: SB21056668
    UPDATED: 64 min ago
    $2,438,999
    • 0
      BEDS
    • 0.33
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,900
      SQFT
    • $353
      $/SQFT
    Type:
    Multi-Family
    Built:
    1956
    County:

    School Ratings & Info

    Description

    Proud to present this fully stabilized, single story, 10 unit apartment complex in the City of Compton. This property has recently undergone major upgrades with over $250k in capital expenditure improvements, and is fully operating with top of the market leases. Tenant's needs and wants were taken into consideration when upgrading this property, offering new kitchens, bathrooms, walk-in closets, ceramic floors, all new electrical and plumbing fixtures. Building also offers a community laundry room, individual garage parking, courtyard style common area, and peace of mind with secured keyed entry. Ideally located in a quaint residential area of Compton and neighboring cities of East Rancho Dominguez, Lynwood, Paramount and conveniently located near the 710 freeway. Overall this is an Ideal Real Estate Investment to ensure a steady stream of top of the market cash flows with low maintenance.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-07T17:36:48.943. 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 deemed reliable but is not guaranteed accurate by the MLS or The Bhagat Group. Licensed in the State of California, USA.
    www.propertycove.com/homes/115294048
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    14640 S Atlantic Avenue Compton, CA 90221

    • Price: $2,438,999
    • Status: Active
    • Updated: 64 min ago
    • ID#: SB21056668
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.33
    Acres
    6,900
    SQFT
    $353
    $/SQFT
    1956
    Built
    Neighborhood:
    RO - Compton S of Rosecrans, E of Alameda
    County:
    Los Angeles
    Area:
    RO - Compton S of Rosecrans, E of Alameda
    Property Description
    Proud to present this fully stabilized, single story, 10 unit apartment complex in the City of Compton. This property has recently undergone major upgrades with over $250k in capital expenditure improvements, and is fully operating with top of the market leases. Tenant's needs and wants were taken into consideration when upgrading this property, offering new kitchens, bathrooms, walk-in closets, ceramic floors, all new electrical and plumbing fixtures. Building also offers a community laundry room, individual garage parking, courtyard style common area, and peace of mind with secured keyed entry. Ideally located in a quaint residential area of Compton and neighboring cities of East Rancho Dominguez, Lynwood, Paramount and conveniently located near the 710 freeway. Overall this is an Ideal Real Estate Investment to ensure a steady stream of top of the market cash flows with low maintenance.
    Exterior Features

    Construction Materials Stucco Exterior Features Rain Gutters Fencing Fair Condition Foundation Details Concrete PerimeterSlab Lot Features 6-10 Units/AcreFront YardSprinklers In FrontLandscapedRectangular LotSprinklers TimerSprinkler SystemYard Number Of Separate Electric Meters 11 Parking Features GarageGarage Door OpenerGarage Faces Rear Parking Total 10 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type AlleyCity Street Road Surface Type Alley Paved Roof Composition

    Interior Features

    Appliances Gas OvenGas RangeRefrigeratorVented Exhaust FanWater Heater Common Walls 1 Common Wall Cooling See Remarks Cooling YN Yes Door Features Insulated Doors Fireplace Features None Fireplace YN No Flooring Tile Heating Wall Furnace Heating YN Yes Interior Features Ceiling Fan(S)Granite CountersUnfurnishedWalk-In Closet(S) Window Features Double Pane WindowsEnergy Star Qualified WindowsScreens

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 5.18 Common Interest None Community Features CurbsStreet LightsSidewalksGated Disclosures Seller Will Pay Sec. 1 Termite Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 1200 Gross Scheduled Income 199200 Insurance Expense 3024 Land Lease YN No Laundry Features Common Area Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional1031 Exchange Maintenance Expense 2500 Net Operating Income 126246 New Construction YN No New Taxes Expense 39000 Number Of Separate Gas Meters 11 Number Of Separate Water Meters 1 Number Of Units Leased 10 Operating Expense 66024 Other Expense 8000 Property Condition Updated/RemodeledTurnkey Rent Control YN Yes Security Features Carbon Monoxide Detector(S)Gated CommunityResident ManagerSmoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 1000 Tenant Pays Cable TvElectricityGasTelephone Total Actual Rent 198000 Trash Expense 0 Utilities Cable ConnectedElectricity ConnectedSewer ConnectedWater ConnectedOverhead Utilities Vacancy Allowance 6930 Vacancy Allowance Rate 4 Water Sewer Expense 0 Water Source Public Zoning Corh*

    Listing provided courtesy of Isaac Rosales of Berkshire Hathaway Home Srvs


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-07T17:36:48.943. 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 deemed reliable but is not guaranteed accurate by the MLS or The Bhagat Group. Licensed in the State of California, USA.
     
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    Torrance CA, 90505