410 N Pearl Ave, Compton, CA 90221

410 N Pearl Ave, Compton, CA 90221

Compton, CA

Property Description

410 N Pearl Ave is a four unit apartment complex located near downtown 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. The property consists of 3 separate buildings. The 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 20×29 / 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.

Property Features

  • Sale Price: $985,000
  • Area Size: 2,854 Sq. Ft.
  • Land Area: 8,491 Sq. Ft.
  • Year Built: 1953
  • Listing Date: 8/28/2023
  • Units: 4
  • Current NOI: $42,696

Lyon Stahl Investment Real Estate

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