Investment Opportunity!! This well-maintained fourplex offers excellent potential for investors seeking strong returns Built in 1953, the property consists of three buildings: *** Unit (A) is a 3 bed & 1.75 bath house with its own backyard and attached one car garage *** Unit B: Is a comfortable 2-bedroom, 1-bathroom unit *** Units C & D: Are two charming 1-bedroom, 1-bathroom units Reposition and unlock additional revenue with proforma rents almost doubling current income! Additional opportunity also exists with the 580 sq ft garage. Currently used for storage, it has the potential to be converted into an Accessory Dwelling Unit (ADU), generating additional rental income. Strong Rental Market Current rents total $5,585/month, with an estimated 40%+ in upside potential rent. This property is ideal for investors seeking a fix-and-flip strategy or a long-term hold with significant income growth. Highlights: Four-unit apartment complex in desirable location Large lot with development potential (zoned CORH) Three well-maintained buildings Significant upside potential Potential ADU conversion opportunity This property is exempt from LA City rent control, offering additional flexibility for investors
MLS #
CRRS24082180
MLS Source
California Regional MLS
Days on Site
22
Buyer's Brokerage Compensation*
2.00
Laundry
None
Cooling
Window/Wall Unit
Heating
Central Forced Air, Forced Air
Pool
None
Style
Bungalow
Garage/Parking
Garage: 4 Car(s)
# Buildings | # Leased Units | # Total Units |
---|---|---|
3 | 3 | 4 |
410 N Pearl Ave is a Residential Income in Compton, CA 90221. This – square foot property sits on a 8,493 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,025,000 and was built in 1953.
This address can also be written as 410 N Pearl Ave, Compton, CA 90221.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of April 27, 2024. For the most current information, please contact Isaac Rosales, (310) 754-0124