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    1008 N Burris Avenue

    Compton, CA 90221
    • $1,350,000
    • STATUS: Active
    • ON SITE: 60 days
    • ID#: 21705784
    UPDATED: 46 min ago
    $1,350,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,800
      SQFT
    • $482
      $/SQFT
    Type:
    Multi-Family
    Built:
    1949
    County:

    School Ratings & Info

    Description

    We are pleased to present 1008 N Burris Avenue- a six (6) unit multifamily investment opportunity located in Compton, CA and built in 1955. The single story, bungalow style property consists of six (6) One Bedroom / One Bath units. The property has been well-maintained and has a newer roof in place. The bungalow style units allow tenants more privacy and single family residence type living. The property possesses a total of eight (8) carport parking spots. Situated on a large lot spanning 9,618 SF with 2,800 SF of building space, the building offers a comfortable amount of room for each unit. The offering is priced at a just under a 5.0%CAP and 13.56 GRM, which are attractive rates in this active and emerging market.1008 Burris Avenue will surely benefit the investor with high returns, providing a strong CAP rate and extremely low annual expenses. With historically high rental demand in the Compton Multi-Family market, an investor can benefit from receiving full rental income from a well-maintained, stabilized property that provides on-site parking and excellent amenities.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-18T12:34:48.723. 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 Compass. Licensed in the State of California, USA.
    www.sandiegohomesdirect.com/homes/115254559
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    1008 N Burris Avenue Compton, CA 90221

    • Price: $1,350,000
    • Status: Active
    • Updated: 46 min ago
    • ID#: 21705784
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    2,800
    SQFT
    $482
    $/SQFT
    1949
    Built
    Neighborhood:
    RO - Compton S of Rosecrans, E of Alameda
    County:
    Los Angeles
    Area:
    RO - Compton S of Rosecrans, E of Alameda
    Property Description
    We are pleased to present 1008 N Burris Avenue- a six (6) unit multifamily investment opportunity located in Compton, CA and built in 1955. The single story, bungalow style property consists of six (6) One Bedroom / One Bath units. The property has been well-maintained and has a newer roof in place. The bungalow style units allow tenants more privacy and single family residence type living. The property possesses a total of eight (8) carport parking spots. Situated on a large lot spanning 9,618 SF with 2,800 SF of building space, the building offers a comfortable amount of room for each unit. The offering is priced at a just under a 5.0%CAP and 13.56 GRM, which are attractive rates in this active and emerging market.1008 Burris Avenue will surely benefit the investor with high returns, providing a strong CAP rate and extremely low annual expenses. With historically high rental demand in the Compton Multi-Family market, an investor can benefit from receiving full rental income from a well-maintained, stabilized property that provides on-site parking and excellent amenities.
    Exterior Features

    Carport YN Yes Parking Features Carport

    Interior Features

    Cooling Wall/Window Unit(S) Cooling YN Yes Heating Wall Furnace Heating YN Yes

    Property Features

    Gross Income 99540 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 64348 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Coprh*

    Listing provided courtesy of Derrick Vartanian of Keller Williams Silicon Beach and Jonathan Prakash of Keller Williams Silicon Beach


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-18T12:34:48.723. 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 Compass. Licensed in the State of California, USA.
     
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