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5414 Compton Ave Los Angeles, CA 90011
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Key Details
Sold Price $825,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,464 sqft
Price per Sqft $238
MLS Listing ID 22-199541
Sold Date 02/07/23
Bedrooms 4
Year Built 1951
Lot Size 5,867 Sqft
Acres 0.1347
Property Sub-Type Multi-Family
Property Description
*** Can be purchased individually or a part of a 48-unit portfolio, contact LA1 for more information ** 5414-18 Compton Avenue is a 6-unit mixed-use property in the Central Alameda neighborhood of South LA neighborhood operating at a 5.11% current CAP and offers investors approx. 46% upside in rents . Located just North of E. 55th St, the subject property is comprised of (4) 1-bdrm. units and (2) commercial spaces that generate approx. $6,100+ in gross monthly income. Based on market rents on renovated units in the area, we believe a future investor could achieve $9,000+ in gross monthly income and operate the building at a 8.73% market CAP and 8.53 market GRM. The property amenities include on-site laundry and community laundry.
Location
State CA
County Los Angeles
Area Downtown L.A.
Zoning LAC2
Rooms
Other Rooms None
Interior
Heating None
Cooling None
Equipment None
Laundry Community
Exterior
Parking Features Side By Side, Uncovered
Garage Spaces 4.0
Building
Story 2
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Exclusive Realty Inc