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432 W Palm Street

Compton, CA 90220
  • $789,000
  • STATUS: Active Under Contract
  • ON SITE: 102 days
  • ID#: SB21076444
Under Contract
UPDATED: 37 min ago
$789,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,536
    SQFT
  • $311
    $/SQFT

School Ratings & Info

Description

432 W Palm St in Compton, is a spacious 4 plex that sits on an oversized 7,823 Sq ft. Lot. This value-add asset has plenty of upside in monthly rental income, once units are rented for market! Two 1-Bedroom/1-Bath units will be delivered tenant-ready, making this the perfect opportunity for an owner/user to live in one unit, and use the other's rent to pay off their mortgage!432 W Palm Street is a 4-Unit asset located in the heart of Compton. This value-add asset is comprised of (4) 1-bedroom/1-bath units, currently operating at a 5.13% CAP. The building has 2,536 Sq.Ft of living space and the units feature hardwood floors, new interior paint, spacious layouts, and an open outdoor area. There is laundry on-site, as well as 4 garage parking spots. Still plenty of room to grow the monthly rental income, with a 7.27% Market CAP.The subject property is within walking distance of the Compton Library and Martin Luther King Jr Memorial Park. Just a few miles away from $6 Billion worth of development in Long Beach, including The Uptown Commons, and plenty of new housing projects. Metro's "A-Line," running from Downtown Long Beach to Downtown Los Angeles, also has a Compton station within a mile of 432 W Palm Street. This value-add property is an ideal pickup for any investor or owner/user looking to live in one unit and let the others pay off the mortgage!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-24T22:27:30.467. 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 Twiss Realty. Licensed in the State of California, USA.
www.twissrealty.com/homes/116034999
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432 W Palm Street Compton, CA 90220

  • Price: $789,000
  • Status: Active Under Contract
  • Updated: 37 min ago
  • ID#: SB21076444
0
Beds
0
Baths
0
½ Baths
0.18
Acres
2,536
SQFT
$311
$/SQFT
1948
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
432 W Palm St in Compton, is a spacious 4 plex that sits on an oversized 7,823 Sq ft. Lot. This value-add asset has plenty of upside in monthly rental income, once units are rented for market! Two 1-Bedroom/1-Bath units will be delivered tenant-ready, making this the perfect opportunity for an owner/user to live in one unit, and use the other's rent to pay off their mortgage!432 W Palm Street is a 4-Unit asset located in the heart of Compton. This value-add asset is comprised of (4) 1-bedroom/1-bath units, currently operating at a 5.13% CAP. The building has 2,536 Sq.Ft of living space and the units feature hardwood floors, new interior paint, spacious layouts, and an open outdoor area. There is laundry on-site, as well as 4 garage parking spots. Still plenty of room to grow the monthly rental income, with a 7.27% Market CAP.The subject property is within walking distance of the Compton Library and Martin Luther King Jr Memorial Park. Just a few miles away from $6 Billion worth of development in Long Beach, including The Uptown Commons, and plenty of new housing projects. Metro's "A-Line," running from Downtown Long Beach to Downtown Los Angeles, also has a Compton station within a mile of 432 W Palm Street. This value-add property is an ideal pickup for any investor or owner/user looking to live in one unit and let the others pay off the mortgage!
Exterior Features

Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 4 Parking Total 4 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Cap Rate 5.13 Common Interest None Community Features BikingCurbs Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 61476 Gross Scheduled Income 61476 Insurance Expense 0 Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional Net Operating Income 40494 New Construction YN No New Taxes Expense 0 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 17908 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Vacancy Allowance Rate 5 Water Sewer Expense 0 Water Source Public Zoning Coprh*

Listing provided courtesy of Cameron Samimi of Lyon Stahl Investment Real Estate, Inc.


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-24T22:27:30.467. 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 Twiss Realty. Licensed in the State of California, USA.
 
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