204 North Spring Avenue

Compton, CA 90221

$1,300,000
Price
12
Beds
6
Baths
2,856 Sq. Ft.
$455 / Sq. Ft.
2,856
Sq. Ft.
$455
per Sq. Ft.

Description

Excellent investment opportunity at 6.2 cap actual. 4 unit property: 204 Apt. A is 2 bedrooms and 1 bath; 204 Apt. B is 3 bedrooms and 2 baths; 204 Apt. C is 5 bedrooms (4 plus smaller bedroom that is office sized) and 2 baths; 206 is a small detached house on the lot with 2 bedrooms and 1 bath. The property also has 4 single-car garages with additional space for parking or adding an ADU. The roof of the detached unit 206 was replaced in the last two years. The water pipe from the meter to the building...Excellent investment opportunity at 6.2 cap actual. 4 unit property: 204 Apt. A is 2 bedrooms and 1 bath; 204 Apt. B is 3 bedrooms and 2 baths; 204 Apt. C is 5 bedrooms (4 plus smaller bedroom that is office sized) and 2 baths; 206 is a small detached house on the lot with 2 bedrooms and 1 bath. The property also has 4 single-car garages with additional space for parking or adding an ADU. The roof of the detached unit 206 was replaced in the last two years. The water pipe from the meter to the building was replaced within the last two years and the concrete repaired. A new secure 4 station mailbox was installed in the last two years. There is a laundry room on site that was never utilized. Excellent opportunity to get to a 7 cap with laundry addition and increased rents. Do NOT disturb Tenants.
  1. Listed by Melissa Barlow • DRE #01498928 • Brokerage DRE #01834648 • Elite Representation Real Estate

Property Details for 204 North Spring Avenue

Water Front
None
Zoning
CORH*
Cross Streets
Compton Blvd and Alameda Street
Parcel Number
6166022007
Total Units
4.0
Living Area
2856
Source Living Area
Vendor Enhanced
Area
Compton S of Rosecrans, E of Alameda (RO)
LISTING UPDATED: 10/23/2024 02:58 PM

Property Details for 204 North Spring Avenue

StatusActive
MLS #24-430359
Days on Market88
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1942
Lot Size0.14 AC / 6,211 SF
CountyLos Angeles County

Building Information for 204 North Spring Avenue

Stories2Residences-Year Built1942Building Size-Lot Size0.14 AC / 6,211 SF

Property Information for 204 North Spring Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 4
  • Professional Management: 5400.0
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Residential
  • View: No
  • View Description: None
  • View: None
  • Security Features: Gated, Carbon Monoxide Detector(s), Smoke Detector, Window Bars
  • Property Condition: Updated/Remodeled
  • Water: District
  • Sewer: In Street Paid
  • Water Heaters: Yes
  • Water Heater Features: Gas
  • Water District: Compton
Contract Info
Contract Info
  • Probate: No
  • Disclosures: City Inspection Required, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $113,748
  • Net Operating Income: $80,643.00
  • Gross Income: $2,400
  • Cap Rate: 6.20%
  • Gross Rent Multiplier: $11.67
  • Actual Annual Gross Rent: $111,348.00
  • Actual Gross Annual Income: $113,748
  • Laundry Income: $2,400
  • Actual Rent Total: $111,348.00
  • Financial Info as Of: 08/23/2024
  • Vacancy Allow Dollar: $.00
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 33105
  • Water Expense: $2,100.00
  • Trash Expense: $3,200.00
  • Expense Pest: $1,200.00
  • Tax Expense: $16,510
  • Gardener Expense: $1,200
  • Expense Licenses: $150.00
  • Insurance Expense: $2,680
  • Management Expense: $465.00
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: No
  • Lot Acreage: 0.1426
  • Lot Size Square Feet: 6211
  • Lot Features: Front Yard
  • Lot Description: Front Yard, Fenced Yard
  • Lot Location: None
Parking Details
Parking Details
  • Parking Garage: Garage - 1 Car, Garage Is Detached
  • Total Parking: 4
  • Garage Spaces Total: 4
  • Parking Features: Garage - Single Door
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: One
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling Type: Ceiling Fan
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Mixed, Carpet, Tile
  • Equipment: Ceiling Fan, Garbage Disposal
  • Interior Features: Ceiling Fan(s)
  • Common Walls: Attached
  • Laundry: Room
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Sprinklers: None
  • Patio Features: None
  • Entry Location: Ground Level w/steps
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Foundation Details: Raised
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-23-2024
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Electricity, Gas, Trash Collection
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,670.00
  • Unit Actual Rent: $1,670.00
  • Unit Projected Rent: $1,895.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,995.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,995.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 5
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,774.00
  • Unit Actual Rent: $2,774.00
  • Unit Projected Rent: $3,495.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,840.00
  • Unit Actual Rent: $1,840.00
  • Unit Projected Rent: $1,840.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
  • Number of Disposal: 4
  • Number of Electric Meters: 4
  • Number of Gas Meters: 4
  • Number Leased: 3
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $206,439.00
  • Assessed Improvement Percent: 56.81
  • Assessed Land Value: $156,941.00
  • Assessed Land Percent: 43.19
  • Assessed Total Value: $363,380.00
  • Private Transfer Taxes: No

Property History for 204 North Spring Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 204 North Spring Avenue

Taxable ValueLand$160,079Additions$210,967Total$371,046
Tax Record2024$7,104 ($592 / month)
Home Facts
Total Finished SqFt2,856 SqFtAbove Grade Finished SqFt2,856 SqFtLot Size6,186 SqFtStyleQuadraplexYear Built1942ZoningCORH*CountyLOS ANGELESAPN6166-022-007

Schools near 204 North Spring Avenue

This home is within Compton Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 6 to 8
Public - 9 to 12
Charter - K to 12
Rating
School
Distance
Mayo Elementary School
PublicK to 8

Davis Middle School
Public6 to 8

Compton High School
Public9 to 12

Lifeline Education Charter School
CharterK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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204 North Spring Avenue is a multi-family home for sale in Compton, CA 90221. This property was listed for sale on August 22, 2024 by Elite Representation Real Estate, it's currently listed at $1,300,000. It has been on the market for a total of 88 days and was last sold on May 7, 2012. This listing's school district is Compton Unified School District. Nearby schools include Mayo Elementary School, Davis Middle School and Compton High School. 204 North Spring Avenue is a 12-bed, 6-bath, 2,856 sqft multi-family home built in 1942.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Elite Representation Real Estate, Melissa Barlow, DRE #01498928

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.