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1008 N Burris Ave

Compton, CA 90221
  • $1,350,000
  • STATUS: Active
  • ON SITE: 89 days
  • MLS #: 21-705784
UPDATED: 70 min ago
$1,350,000
  • 6
    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 the Combined LA/Westside Multiple Listing Service as of 2021-06-16T18:42:57.133. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.haciendagroupinc.com/homes/115253424
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1008 N Burris Ave Compton, CA 90221

  • Price: $1,350,000
  • Status: Active
  • Updated: 70 min ago
  • MLS #: 21-705784
6
Beds
0
Baths
0
½ Baths
0.22
Acres
2,800
SQFT
$482
$/SQFT
1949
Built
Neighborhood:
Compton S Of Rosecrans, E Of Alameda
County:
Los Angeles
Area:
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

Lot Size Area 9618 Other Structures None Parking Garage Carport Total Parking 8

Interior Features

Baths Total 6.00 Cooling Wall/Window Equipment None Heating Wall

Property Features

Assessed Total Value 940000 Gross Income 99540 Gross Operating Income 96554 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 64348.00 Number Of Buildings 2 Number Of Units 6 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 32206 Type Of Units 1 Bedroom Year Built Source Assessor Zoning Coprh*

Listing provided courtesy of Derrick Vartanian DRE#01816119 of Keller Williams Silicon Beach.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-16T18:42:57.133. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Hacienda Agency Inc
77935 Calle Tampico # 201
La Quinta CA, 92253