Description
410 N Pearl Ave is a four unit apartment complex located near down town Compton. Property is NOT subject to LA City rent control and rents can be increased 10% annually. Constructed in 1953 and sitting on a large 8,491 SF Lot Zoned CORH. Property consists of 3 separate buildings. Front building is a 2 Bedroom/1 Bath unit currently renting for $2,100 , Apt# B is 2 Bedroom/1 Bath Unit renting for $1,185. Apt# C & D are 1 Bedroom/1 Bath units renting for $1,150 each. There is also a 20x29 / 580 sq ft garage facing the alley that can be converted into an ADU. 3 Tenants share the garage space for personal items. There is approximately 48% upside in rents. Ideal fix and flip or buy and hold long term. Current Monthly Rents are $5,585.
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0BEDS
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0.19ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
410 N Pearl Ave is a four unit apartment complex located near down town Compton. Property is NOT subject to LA City rent control and rents can be increased 10% annually. Constructed in 1953 and sitting on a large 8,491 SF Lot Zoned CORH. Property consists of 3 separate buildings. Front building is a 2 Bedroom/1 Bath unit currently renting for $2,100 , Apt# B is 2 Bedroom/1 Bath Unit renting for $1,185. Apt# C & D are 1 Bedroom/1 Bath units renting for $1,150 each. There is also a 20x29 / 580 sq ft garage facing the alley that can be converted into an ADU. 3 Tenants share the garage space for personal items. There is approximately 48% upside in rents. Ideal fix and flip or buy and hold long term. Current Monthly Rents are $5,585.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-27T00:28:26.593. 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 The Zia Group | eXp Realty. Licensed in the State of California, USA.