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204 N Spring Ave, Compton, CA 90221

List Price: $1,195,000On Market FlagOn market
Aug 22, 20242,856 sqft12 beds6 baths
Listed by: Melissa Barlow
License #: 01498928
Phone #: 310-387-0482
Elite Representation Real Estate
Source:
CRMLS Logo
MLS #: 24430359

Property Description

Excellent investment opportunity at 7.04 cap actual. 4 unit property: 204 Apt. A is 2 bedrooms and 1 bath; 204 Apt. B is 3 bedrooms and 2 baths; 204 Apt. C is 5 bedrooms (4 plus smaller bedroom that is office sized) and 2 baths; 206 is a small detached house on the lot with 2 bedrooms and 1 bath. The property also has 4 single-car garages with additional space for parking or adding an ADU. The roof of the detached unit 206 was replaced in the last two years. The water pipe from the meter to the building was replaced within the last two years and the concrete repaired. A new secure 4 station mailbox was installed in the last two years. There is a laundry room on site that was never utilized. Excellent opportunity to get to a 8.0 cap with laundry addition and increased rents. Do NOT disturb Tenants.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$14,835

TurboHome Estimated Value

$1,092,000

$382 sqft

High Valuation
$1,146,600
$401/sqft
Normal Valuation
$1,092,000
$382/sqft
Low Valuation
$1,037,400
$363/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$382/sqft$1,092,000

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