Here is your opportunity invest in an LA residential income property providing steady and reliable return on your investment. This property is in a high demand rental area offering a good potential for appreciation. Consisting of a total of EIGHT (8) units with 2-Bedrooms / 1-Bathrooms each and separately metered for gas and electricity. There are 10+/- parking spots available. It is situated in a desirable neighborhood, close to public transportation, local amenities and minutes from Downtown LA via the 110 Freeway.

Carport Spaces 0 Construction Materials DrywallConcreteStone Veneer Direction Faces South Entry Level 1 Entry Location Parking Lot Fencing Chain LinkWrought Iron Foundation Details Pillar/Post/Pier Lot Features Corner LotNear Public TransitRectangular LotStreet Level Number Of Separate Electric Meters 8 Open Parking Spaces 10 Parking Features ConcreteDriveway Parking Total 10 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof AsphaltCompositionShingleTar/Gravel Spa Features None Spa YN No View None View YN No

Appliances DisposalWater Heater Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring LaminateTile Heating Wall Furnace Heating YN Yes

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.34 Common Interest Community Apartment Community Features Street LightsSidewalksUrban Current Financing Conventional Disclosures Rent Control Electric Expense 14218 Fuel Expense 0 Garage YN No Gross Income 0 Gross Scheduled Income 113820 Insurance Expense 0 Land Lease YN No Laundry Features None Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Submit Net Operating Income 69278 New Construction YN No Number Of Separate Gas Meters 8 Number Of Separate Water Meters 0 Number Of Units Leased 8 Operating Expense 44541 Possession Close Of Escrow Property Sub Type Apartment Rent Control YN Yes Security Features Carbon Monoxide Detector(S)Smoke Detector(S)Window Bars Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 84231 Trash Expense 3611 Utilities Cable AvailableElectricity AvailableNatural Gas AvailableNatural Gas ConnectedPhone AvailableSewer AvailableSewer ConnectedWater AvailableWater ConnectedOverhead Utilities Vacancy Allowance 14227 Vacancy Allowance Rate 13 Water Sewer Expense 8531 Water Source Public Zoning Lar3

Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-22T12:32:25.023. 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.

9118 Compton Avenue

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9118 Compton Avenue Los Angeles (City), CA 90002

Property Description

Carport Spaces	0
Construction Materials	Drywall Concrete Stone Veneer
Direction Faces	South
Entry Level	1
Entry Location	Parking Lot
Fencing	Chain Link Wrought Iron
Foundation Details	Pillar/Post/Pier
Lot Features	Corner Lot Near Public Transit Rectangular Lot Street Level
Number Of Separate Electric Meters	8
Open Parking Spaces	10
Parking Features	Concrete Driveway
Parking Total	10
Pool Features	None
Pool Private YN	No
Property Attached YN	Yes
Road Frontage Type	City Street
Road Surface Type	Paved
Roof	Asphalt Composition Shingle Tar/Gravel
Spa Features	None
Spa YN	No
View	None
View YN	No

Appliances	Disposal Water Heater
Common Walls	2+ Common Walls
Cooling	None
Cooling YN	No
Fireplace Features	None
Fireplace YN	No
Flooring	Laminate Tile
Heating	Wall Furnace
Heating YN	Yes

Additional Parcels YN	No
Association Fee	0
Association YN	No
Cap Rate	4.34
Common Interest	Community Apartment
Community Features	Street Lights Sidewalks Urban
Current Financing	Conventional
Disclosures	Rent Control
Electric Expense	14218
Fuel Expense	0
Garage YN	No
Gross Income	0
Gross Scheduled Income	113820
Insurance Expense	0
Land Lease YN	No
Laundry Features	None
Levels	Two
Listing Agreement	Exclusive Right To Sell
Listing Service	Full Service
Listing Terms	Submit
Net Operating Income	69278
New Construction YN	No
Number Of Separate Gas Meters	8
Number Of Separate Water Meters	0
Number Of Units Leased	8
Operating Expense	44541
Possession	Close Of Escrow
Property Sub Type	Apartment
Rent Control YN	Yes
Security Features	Carbon Monoxide Detector(S) Smoke Detector(S) Window Bars
Senior Community YN	No
Sewer	Public Sewer
Special Listing Conditions	Standard
Total Actual Rent	84231
Trash Expense	3611
Utilities	Cable Available Electricity Available Natural Gas Available Natural Gas Connected Phone Available Sewer Available Sewer Connected Water Available Water Connected Overhead Utilities
Vacancy Allowance	14227
Vacancy Allowance Rate	13
Water Sewer Expense	8531
Water Source	Public
Zoning	Lar3