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14640 S Atlantic Ave, Compton CA 90221

14640 S Atlantic Ave, Compton CA 90221
$2,625,000

Description

Stephen Takahashi, Johnnie Stiegler, and Isaac Rosales of Lyon Stahl Investment Real Estate are proud to present 14640 S Atlantic Ave. This property is a substantially remodeled, single-storied, 10-unit building located just south of Rosecrans Blvd on Atlantic Ave. Each 1-bedroom unit is approx. 840+ sqft of relaxed living.

The work done on this building focused on keeping all future maintenance and capital expenses low! The work has been done with such detail; these apartments will come with a 24-month builders’ warranty! The notable improvements/upgrades made to 14640 Atlantic Ave include a brand-new roof, updated electrical, copper plumbing, new windows, interior fixtures, doors, walls, paint, new kitchen & bath, AC units in each, and many more.

This is a perfect opportunity for someone looking to leverage money and keep future expenses low. Contact Stephen, Johnnie, or Isaac for more details.

INVESTMENT HIGHLIGHTS:

14640 Atlantic Ave provides certainty in uncertain times with income provided by the government. The building is offering repositioned vetted tenants by a local management company specializing in subsidized income for 40 years. The 1-bed/1-bath units are currently leasing at $1,750

  • Unit Mix: (10) 1+1
  • Parking: 10 – 1 Car Garage Parking
  • Upgrades/Remodels: Over $400,000 in Capital Expenditures, including new Water Heaters, Plumbing, Electrical, Doors/Windows, Flooring, Roof, Appliances, etc

Property Downloads

  • City: Compton
  • State/county: CA
  • Country: United States

Detail

Updated on July 27, 2020 at 9:13 am

  • Price: $2,625,000
  • List Date: 6/15/2020
  • Property Size: 8,640 Sq Ft
  • Land Area: 14,374 Sq Ft
  • Garage Size: 10 Parking Spaces
  • Year Built: 1956
  • Property Type: Multifamily
  • Property Status: Active
  • Numbers of Units: 10
  • NOI: $134,939
  • GRM: 12.74
  • CAP RATE: 5.04%
  • Price per Unit: $267,500
  • Market GRM: 5.04%
  • Market CAP RATE: 12.74

Contact info

Johnnie Stiegler
Johnnie Stiegler
(310) 990-9685(310) 447-2213
Isaac Rosales
Isaac Rosales
(424) 269-2621(310) 754-0124
Stephen Takahashi
Stephen Takahashi
(310) 890-5270(310) 403-9145
Linkedin

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