Incredible Investment Opportunity: Fully occupied, remodeled 3 unit income property with a detached studio and spacious warehouse, located west of Avalon Blvd and south of Redondo Beach Blvd. This high demand property boasts a 5.4% cap rate and an 18.4 GRM, generating $6,300 monthly ($75,600 annually). Breakdown: Unit 100 2 beds, 1 bath ($1,800); Unit 102 Studio ($1,200); Unit 200 1 bed, 1 bath + office ($1,700); Unit 201 1 bed, 1 bath ($1,600). Features include quartz countertops, stainless appliances, in-unit washers/dryers, and new HVAC. The 1,000 sq. ft. warehouse offers conversion potential (buyer to verify) under flexible LCM1-B1 zoning, supporting future development. Ideal for first time and seasoned investors or 1031 exchanges, with stable income, low maintenance, and expansion options. Conveniently near freeways, transport, shopping, and diningdon't miss this prime portfolio addition.
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DAYS ON MARKET
|
16
|
LAST UPDATED
|
10/17/2024
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|
YEAR BUILT
|
1942
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COMMUNITY
|
Compton West of Central
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|
COUNTY
|
Los Angeles
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STATUS
|
Active
|
|
PROPERTY TYPE(S)
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Residential Income
|
|
|
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Dryer, Gas Cooktop, Gas Oven, Microwave, Refrigerator, Washer |
| AREA |
Compton West of Central |
| GARAGE |
Carport, On Street |
| HEAT |
Central |
| LOT |
5004 sq ft |
| PARKING |
Carport,On Street |
| STORIES |
2 |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Courtyard |
| ZONING |
LCM1-B1* |
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Listed with The Agency
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/1/24 8:25 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2024.
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