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413 W Laurel ST Compton, CA 90220
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Key Details
Sold Price $1,175,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 6,650 sqft
Price per Sqft $176
MLS Listing ID OC20179337
Sold Date 07/08/21
Bedrooms 18
Full Baths 6
Half Baths 6
HOA Y/N No
Year Built 1963
Lot Size 7,801 Sqft
Acres 0.1791
Property Sub-Type Quadruplex
Property Description
6 Units all 3 br+2ba, total of 18 bedrooms, 6 full baths, and 6 half baths and 6 covered carports 100% Occ. Building with Paying Tenants! 7.7% Cap Rate, 9.7 GRM, $133,650 gross, 6 carports, built Townhome style ie each unit has living room, kitchen, utility rm (with washer/dryer hookups), and half bath on ground floor. Upper floor has 3 bedrooms and full bath in each unit. Stabilized Section 8 income stream with long term upside (current rents are far below S8 payment standards of $2,614 per month). Copper plumbing, breaker boxes in each unit, 15 yr old roof (no leaks). Rents are collected via direct deposit allowing ease of ownership.
Location
State CA
County Los Angeles
Area Ro - Compton S Of Rosecrans, E Of Alameda
Zoning CORH*
Rooms
Other Rooms Kitchen, Living Room, Utility Room
Master Bathroom 6
Main Level Bedrooms 6
Interior
Heating Forced Air
Cooling None
Fireplaces Type None
Laundry Inside
Exterior
Pool None
Community Features Sidewalks, Street Lights
View Y/N 1
View Neighborhood
Private Pool No
Building
Lot Description Front Yard
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Schools
School District Compton Unified
Others
Senior Community No
Special Listing Condition Standard
Lease Land No
Confidential INFO
BAC 2.5
TERMS Cash,Conventional
LIST AGRMT Open
LIST SERVICE Entry Only
SHOW CONTACT TYPE Owner
SHOW CONTACT NAME Owner
SHOW CONTACT PH 818-850-0440
SHOW INSTRUCTIONS 818-850-0440
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Bought with Real Property Management Choice