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14640 S Atlantic Avenue

Compton, CA 90221
  • $2,450,000
  • STATUS: SOLD
  • ON SITE: 77 Days
  • ID#: SB21172270
Sold - 10/15/2021
$2,450,000
SOLD - 10/15/2021
  • 4
    BEDS
  • 0.33
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Ideal Passive Investment!! Top market cash flows with low maintenance! 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 ac units, 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. Ideal Passive Investment!! Top market cash flows with low maintenance! 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 ac units, 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.

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
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14640 S Atlantic Avenue Compton, CA 90221

  • Price: $2,498,888
  • Status: SOLD
  • Updated: 65 min ago
  • ID#: SB21172270
4
Beds
0
Baths
0
½ Baths
0.33
Acres
Neighborhood:
Compton (90221)
County:
Los Angeles
Area:
Compton (90221)
Property Description
Ideal Passive Investment!! Top market cash flows with low maintenance! 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 ac units, 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. Ideal Passive Investment!! Top market cash flows with low maintenance! 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 ac units, 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.
Exterior Features

Exterior Stucco Irrigation AutomaticSprinklers Pool N/K Roof Composition Site CurbsSidewalks

Interior Features

Cooling Other/Remarks Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Units With Range Oven 10 Units With Refrigerators 10

Property Features

Actual Cap Rate 5.41 Annual Expense Actual 64963 Buildings 1 Gross Rent Multiplier Actual 12.25 Gross Scheduled Income Actual 204000 Home Owners Fees 0.0 Security Gated Community Tenant Pays Cable TvElectricityGas/Propane Terms CashConventionalExchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 1650.0 Unit2 Rent Actual 1650.0 Unit3 Rent Actual 1650.0 Unit4 Rent Actual 1650.0 Zoning Assessor

Listing provided courtesy of Berkshire Hathaway Home Srvs. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
 
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