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1401 S Willowbrook AVE Compton, CA 90220
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Key Details
Sold Price $1,100,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,443 sqft
Price per Sqft $450
MLS Listing ID SB24220342
Sold Date 02/10/25
HOA Y/N No
Year Built 1948
Lot Size 9,792 Sqft
Acres 0.2248
Property Sub-Type Quadruplex
Property Description
Remodeled 4 Bedroom house plus three additional
income units plus land available. This renovated 4-plex
comes with an oversized 9,794 sqft lot with a large
undeveloped area perfect for building ADU's. Great cashflow
asset with tremendous upside. There is over 166%
upside in rental income once the ADUs are built out.
Renderings (only) for ADU's are available in the marketing
deck. A New owner can build ADUs on open area and
convert the current storage/laundry to an ADU.
1401 S Willowbrook Ave is comprised of (1) 4Bed+ 2 Bath
home and (3) 1Bed+1Bath. All units have been remodeled
including flooring, countertops, paint, doors, appliances,
etc. There is also copper plumbing throughout the
building, as well as upgrades to exterior stucco and paint,
wrought iron fencing with sliding security gates, concrete
walkways, decking upstairs and water heaters. Each
tenant has gated parking and large private walk-in
storage rooms accessible through laundry room. Whether
you are an owner/user or investor, this is the perfect
opportunity to break into the real estate market!
5% down, FHA, VA, NACA, All program loans accepted. OM in the supplements. Property is eligible for Community Lending Program which can give $2k-$30K off in closing costs to buy down the rate and allows a buyer to do 3%-5% down.
Location
State CA
County Los Angeles
Area Rp - Compton S Of Rosecrans, E Of Central, W Of Ala
Zoning CORH*
Interior
Laundry Inside
Exterior
Pool None
Community Features Urban
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Special Listing Condition Standard
Lease Land No
Confidential INFO
TERMS 1031 Exchange,Cash,Cash To New Loan,Conventional,FHA,Government Loan,VA Loan
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE Agent
SHOW INSTRUCTIONS Call Michael Padilla (310) 420-2541
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Bought with NONMEMBER MRML