9631 Compton Av Los Angeles, CA 90002

$750,000
Los Angeles, CA   90002
0 Beds, 0.0 Baths, 0 sq ft, 17,407 sq ft lot, Built in 1950
9631 Compton Av, Los Angeles, CA 90002 Photo 0
9631 Compton Av, Los Angeles, CA 90002 Photo 1
9631 Compton Av, Los Angeles, CA 90002 Photo 2
9631 Compton Av, Los Angeles, CA 90002 Photo 3
9631 Compton Av, Los Angeles, CA 90002 Photo 4
0 Beds,
0.0 Baths,
0 sq ft,
17,407 sq ft lot
Built in 1950

Description

MLS# SB18035218

Mixed-use residential/stores on 17,407 square foot parcel comprised of 4 lots. Zoning is R2 (2 per lot) can build up to 8 units on 4 contiguous lots. Significant upside in rental income after renovation - 5.81% CAP on market rents. GRM is 10.28 after the 3% annual RSO increases for 2018 and renting the 3 vacant units at market rents Low price per square foot on buildings & land. The units have been vacant or used for storage for over a year and are in need of repairs. The units have been vacant or used for storage for over a year and are in need of repairs. Listed by Stephen Lampe, Re/Max Commercial & Investment.

Description

MLS# SB18035218

Mixed-use residential/stores on 17,407 square foot parcel comprised of 4 lots. Zoning is R2 (2 per lot) can build up to 8 units on 4 contiguous lots. Significant upside in rental income after renovation - 5.81% CAP on market rents. GRM is 10.28 after the 3% annual RSO increases for 2018 and renting the 3 vacant units at market rents Low price per square foot on buildings & land. The units have been vacant or used for storage for over a year and are in need of repairs. The units have been vacant or used for storage for over a year and are in need of repairs. Listed by Stephen Lampe, Re/Max Commercial & Investment.

Area
AREA: C34 - Los Angeles Southwest
COUNTY: LA
Building Info
LAUNDRY: None
Exterior Features
LOT: Level with Street, Lot 10000-19999 Sqft, Lot Shape-Rectangular, Lot-Level/Flat
Land
WATER: Public
ZONE: R2
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