326 W Palm Street

    Compton, CA 90220
    • $2,149,000
    • STATUS: Active
    • ON SITE: 18 days
    • ID#: RS19229511
    $2,149,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,918
      SQFT
    • $437
      $/SQFT

    School Ratings & Info

    Description

    Completely remodeled (2019) apartment building with all new tenants and above market rents ready for new savvy real estate investor - look no further, your dream investment property is here!!! This two story apartment building features eight (8) individual 1 bedroom/1 bathroom units, with each measuring approximately +/- 614 SF in size. All units extensively remodeled/renovated in 2019 with significant upgrades to kitchen area, living area, bedroom area, and bathroom areas. Kitchen upgrades include the latest in "lux" style kitchen features (i.e. thick granite counter tops, dark wood cabinetry, new stainless steel appliances (refrigerators, stove/oven combos, range hood/exhaust, etc.), and chef style deep sinks). Living area renovations include tile floors, wall thermostat controlled heaters, recessed lighting, ceiling fans, and dual pane/energy efficient exterior building windows. Bedroom upgrades include new floors, drywall paneling, closet doors, and lighting. Restrooms have new fixtures, flooring, plumbing, etc. Building features both front and rear door access/walkways, a large rear parking area (apprx. +/- 8 parking spaces), onsite 24 hour laundry room (additional supplemental monthly income for owners), and considerable long term cost savings/holding costs/required capital investments/ongoing maintenance costs. Don't miss this once in a lifetime opportunity to acquire a "set it and forget it" investment property - call today to arrange your private showing.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-21T00:33:05.587. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/99551630

    326 W Palm Street Compton, CA 90220

    • Price: $2,149,000
    • Status: Active
    • ID#: RS19229511
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    4,918
    SQFT
    $437
    $/SQFT
    1926
    Built
    Neighborhood:
    RP - Compton S of Rosecrans, E of Central,W of Ala
    County:
    Los Angeles
    Area:
    RP - Compton S of Rosecrans, E of Central,W of Ala
    Property Description
    Completely remodeled (2019) apartment building with all new tenants and above market rents ready for new savvy real estate investor - look no further, your dream investment property is here!!! This two story apartment building features eight (8) individual 1 bedroom/1 bathroom units, with each measuring approximately +/- 614 SF in size. All units extensively remodeled/renovated in 2019 with significant upgrades to kitchen area, living area, bedroom area, and bathroom areas. Kitchen upgrades include the latest in "lux" style kitchen features (i.e. thick granite counter tops, dark wood cabinetry, new stainless steel appliances (refrigerators, stove/oven combos, range hood/exhaust, etc.), and chef style deep sinks). Living area renovations include tile floors, wall thermostat controlled heaters, recessed lighting, ceiling fans, and dual pane/energy efficient exterior building windows. Bedroom upgrades include new floors, drywall paneling, closet doors, and lighting. Restrooms have new fixtures, flooring, plumbing, etc. Building features both front and rear door access/walkways, a large rear parking area (apprx. +/- 8 parking spaces), onsite 24 hour laundry room (additional supplemental monthly income for owners), and considerable long term cost savings/holding costs/required capital investments/ongoing maintenance costs. Don't miss this once in a lifetime opportunity to acquire a "set it and forget it" investment property - call today to arrange your private showing.
    Exterior Features

    Fence YN Yes Fencing Chain Link Garage Spaces 0.00 Lot Features 0-1 Unit/AcreFront YardLawnLot 6500-9999Yard Lot Size Source Assessor Lot Size Units Square Feet Parking Features UnassignedUncovered Parking Total 8.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Spa Features None Spa YN No View None View YN No

    Interior Features

    Appliances Gas OvenGas Water HeaterRange HoodRecirculated Exhaust FanRefrigeratorVented Exhaust FanWater Heater Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area 614 Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Heating Wall Furnace Heating YN Yes Interior Features 2 StaircasesCeiling Fan(S)Recessed Lighting Laundry Features Common AreaIndividual RoomOutsideSee Remarks Levels TwoMulti/Split

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Suburban Country Us Electric Standard Electric Expense 0.00 Elevation Units Feet Exclusions All Personal/Tenant Owned Personal Property; Onsite Property Manager/Occupant Fuel Expense 0.00 Gross Income 165120.00 Gross Scheduled Income 13560.00 Insurance Expense 0.00 Land Lease YN No Laundry Income 2400.00 Laundry YN Yes Net Operating Income 162720.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 9 Number Of Separate Gas Meters 9 Number Of Separate Water Meters 1 Number Of Units Leased 6 Operating Expense 0.00 Professional Management Expense 0.00 Property Condition TurnkeyUpdated/Remodeled Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer OtherPublic Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Expenses 0.00 Trash Expense 0.00 Utilities Electricity ConnectedNatural Gas ConnectedWater Connected Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Martha Neri of Berkshire Hathaway Homeservice and William Neri of Berkshire Hathaway Homeservice


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-21T00:33:05.587. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
     
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