Address
1008 N Burris Avenue Compton, CA
Price
$ 1,350,000
Property Attributes
  • MLS#21705784
  • TypeIncome
  • CountyLOS ANGELES
  • CityCompton
  • AreaCompton S of Rosecrans - E of Alameda
  • Zip90221
  • Style
  • Price$ 1,350,000
  • Bedrooms6
  • Full Bathrooms6
  • Half Bathrooms0
  • Lot Size9,618 SqFt
Listing Provided Courtesy Of:
Derrick Vartanian with Keller Williams Silicon Beach.
Data Source:
CRMLS
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.

Price History
3/19/2021 Listed $1,350,000

General Features

Carport Y/N Yes
Co-Listing Agent State License # 01483131
Cooling Wall/Window Unit(s)
Heating Wall Furnace
Listing Agent Derrick Vartanian - BRE#01816119
Listing Agent State License 01816119
MLS Area RO - Compton S of Rosecrans, E of Alameda
Parking Features Carport
Property Type Residential Income
Special Listing Conditions Standard
Status Active
Total Units 6
Zoning COPRH*

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes

Exterior Features

Lot Size Acres 0.22
Lot Size Area 9618
Lot Size Source Assessor
Lot Size Square Feet 9618
Lot Size Units Square Feet
Number of Buildings 2

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90221

Price
AVG $920K
$1.35M
Visits
AVG 48
124
Year Built
AVG 1948
1949
Walkscore
AVG 71
73
Data Provided by Walkscore ® not using MLS data

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