326 W Palm Street

    Compton, CA 90220
    • $1,975,000
    • STATUS: Active
    • ON SITE: 15 days
    • ID#: PW20051976
    UPDATED: 73 min ago
    $1,975,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,918
      SQFT
    • $402
      $/SQFT

    School Ratings & Info

    Description

    A perfect 1031 Exchange property with 100% Top Performing occupancy units. Seller will carry with a minimum of 35% down at 3% interest only for six months to Balloon is 6 months which gives opportunity to refinance.*** Brand new electrical, plumbing, sewer, and much much, more. This two story apartment building feature eight (8) individual 1 bedroom 1 bath units with each measuring approximately 550 square feet in size. All units extensively remodeled/renovated in 2019 with significant upgrades to kitchen area, living area, bedroom area and bathrooms. Kitchen upgrades include the latest in "Lux" style kitchen features (i.e. thick granite counter tops, dark wood cabinetry, new stainless steel appliances (refrigerators, stove/oven combos, range/exhaust, etc.), and chef style deep sinks). Living area renovations include tile flooring, wall thermostat controlled heaters, recessed lighting, celling fans and dual pane/energy efficient exterior building windows. Bedroom upgrades include new floors, drywall paneling, closet doors and lighting. Restrooms have new fixtures, flooring, plumbing, etc. Building features both front and rear door access/walkways, a large rear parking area (approximately +/- 8 parking spaces), onsite 24 hour laundry room (additional supplemental monthly income for owners), and considerable long term cost saving/holding cost/required capital investment/ongoing maintenance cost.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-29T09:36:04.413. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Crudo & Associates | Willis Allen Real EstateLa Jolla. Licensed in the State of California, USA.

    www.sdluxe.com/homes/104160895

    326 W Palm Street Compton, CA 90220

    • Price: $1,975,000
    • Status: Active
    • Updated: 73 min ago
    • ID#: PW20051976
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    4,918
    SQFT
    $402
    $/SQFT
    1926
    Built
    Neighborhood:
    RP - Compton S of Rosecrans, E of Central,W of Ala
    County:
    Los Angeles
    Area:
    RP - Compton S of Rosecrans, E of Central,W of Ala
    Property Description
    A perfect 1031 Exchange property with 100% Top Performing occupancy units. Seller will carry with a minimum of 35% down at 3% interest only for six months to Balloon is 6 months which gives opportunity to refinance.*** Brand new electrical, plumbing, sewer, and much much, more. This two story apartment building feature eight (8) individual 1 bedroom 1 bath units with each measuring approximately 550 square feet in size. All units extensively remodeled/renovated in 2019 with significant upgrades to kitchen area, living area, bedroom area and bathrooms. Kitchen upgrades include the latest in "Lux" style kitchen features (i.e. thick granite counter tops, dark wood cabinetry, new stainless steel appliances (refrigerators, stove/oven combos, range/exhaust, etc.), and chef style deep sinks). Living area renovations include tile flooring, wall thermostat controlled heaters, recessed lighting, celling fans and dual pane/energy efficient exterior building windows. Bedroom upgrades include new floors, drywall paneling, closet doors and lighting. Restrooms have new fixtures, flooring, plumbing, etc. Building features both front and rear door access/walkways, a large rear parking area (approximately +/- 8 parking spaces), onsite 24 hour laundry room (additional supplemental monthly income for owners), and considerable long term cost saving/holding cost/required capital investment/ongoing maintenance cost.
    Exterior Features

    Fence YN Yes Fencing Chain Link Lot Features 0-1 Unit/AcreFront YardYard Lot Size Source Assessor Lot Size Units Square Feet Parking Total 8.00

    Interior Features

    Condo Area Units Square Feet Heating Wall FurnaceSee Remarks Heating YN Yes Laundry Features Common AreaCommunityIndividual RoomOutsideSee Remarks

    Property Features

    Accounting Type Proforma Additional Parcels YN No Building Area Units Square Feet Building Status Existing Cap Rate 4.37 Country Us Electric Standard Electric Expense 1080.00 Exclusions All Personal/Tenant Owned Peersonal Property Gross Scheduled Income 162720.00 Inclusions Property Management Land Use Multi-Family Laundry Income 2400.00 Laundry YN Yes Leasable Area Units Square Feet Maintenance Expense 1800.00 Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 112675.00 Operating Expense 45164.00 Professional Management Expense 2400.00 Property Sub Type Multi Family Special Listing Conditions Standard Trash Expense 4500.00 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance 4881 Vacancy Allowance Rate 3.00 Water Sewer Expense 4920.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Joshua Rosales of Berkshire Hathaway H.S.C.P.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-29T09:36:04.413. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Crudo & Associates | Willis Allen Real EstateLa Jolla. Licensed in the State of California, USA.

     
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