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$1,500,000
Est. payment /mo
1 Bed
2 Baths
0.25 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV26072033
Bedrooms 1
Lot Size 0.254 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
*** Seller Financing. Call or Text for Offering Memorandum *** Pleased to exclusively present the opportunity to acquire a multifamily investment property located at 4244 East Compton Boulevard in unincorporated Los Angeles County, a dense infill supported by a large and stable workforce population. Originally constructed in 1948, the building area is 4,236 square feet and situated on a 11,051 square foot parcel. There is rent control in unincorporated Los Angeles County (buyer to verify). The asset features a functional unit mix of nine total apartments, including seven one-bedroom/one-bathroom units and two studio units, which is well-suited to meet the areas demand for attainable workforce housing. Each unit is individually metered for gas and electricity and provides onsite open space parking. Recent capital improvements include a new roofs and plumbing, enhancing the overall condition of the asset. Notably, the offering includes seller financing with a 30% down payment, payable at 6% interest only, due in five years, providing investors with favorable leverage, increased cash flow and a compelling alternative to conventional financing. Compton continues to emerge as a compelling multifamily investment market within Los Angeles County, benefiting from its centralized location and accessibility to major employment centers. The city is strategically positioned near key transportation corridors including Interstate 710, State Route 91, and Interstate 105, providing direct connectivity to the Ports of Los Angeles and Long Beach, as well as surrounding industrial, logistics,
Location
State CA
County Los Angeles
Zoning Public Rec
Direction Positioned near key transportation corridors including Interstate 710, State Route 91, and Interstate 105
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 6180010004
Acceptable Financing Cash
Listing Terms Cash
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Listed by Douglas McCauley • MARCUS & MILLICHAP
Nearby School & Business
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