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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 7,840 Sqft
Acres 0.18
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
Main Level Bedrooms 6
Ensuite Laundry Inside
Interior
Interior Features Utility Room
Laundry Location Inside
Heating Forced Air
Cooling None
Fireplaces Type None
Fireplace No
Laundry Inside
Exterior
Carport Spaces 6
Pool None
Community Features Street Lights, Sidewalks
View Y/N Yes
View Neighborhood
Total Parking Spaces 6
Private Pool No
Building
Lot Description Front Yard
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Schools
School District Compton Unified
Others
Senior Community No
Tax ID 6161022025
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Wenjue Julia Shi • Real Property Management Choice
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