220 N Rose Avenue, Compton, California 90221, Compton, 90221 - bed, bath
ACTIVE$1,025,000
220 N Rose Avenue, Compton, California 90221
0Bed
0Bath
2,368Sqft
6,348Lot
Year Built
1952
Close
-
List price
$1.02M
Original List price
$1.07M
Price/Sqft
$433
HOA
-
Days on market
-
Sold On
-
MLS number
DW25026581
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.02M(82th), sqft - 2368(73th), beds - undefined(50th), baths - undefined(50th).
GREAT INVESTMENT OPPORTUNITY!! Check out this FOURPLEX generating substantial Annual Gross Revenue. City allows to construct an ADU and a Jr ADU which can result up to 6 units! Priced at a Cap Rate of 6.6%! It consists of (2) 3 Bedrooms and 2 baths and (2) 1 bedroom and 1 bathroom. Two units will be delivered vacant so the new owner can rent them at MARKET RENT setting up for even more cash flow! The property also consists of (4) 2 Car Garages and 8 more Parking Spots outside and gated. Conveniently located in front of Park, Metro, Shopping Centers and other transportation.
Price History
Date
Event
Price
06/04/21
Sold
$820,000
07/17/19
Sold
$760,000
01/20/17
Sold
$580,000
01/24/14
Sold
$345,000
Condition Rating
Fair
Built in 1952, this quadruplex shows its age. While the exterior appears maintained, the interior images reveal significantly outdated kitchens and bathrooms with older cabinets, laminate countertops, white appliances, and linoleum/vinyl flooring. The carpets also appear worn. The property is functional but clearly requires substantial updates and renovations to modernize and achieve market-rate rents, aligning with a property that is aged but maintained, with major components showing signs of being outdated.
Pros & Cons
Pros
Multi-Unit Income Property: The property is a quadruplex, providing a robust foundation for consistent rental income and cash flow.
High Income Potential & Cap Rate: Generating substantial Annual Gross Revenue and priced at a competitive 6.6% Cap Rate, indicating strong financial performance.
Value-Add ADU/Jr ADU Potential: City approval for constructing an ADU and a Jr ADU offers a clear path to expand to 6 units, significantly increasing future income and property value.
Immediate Rent Optimization: Two units will be delivered vacant, allowing the new owner to immediately set market rents and maximize cash flow from acquisition.
Excellent Location & Amenities: Conveniently located directly in front of a park, Metro station, shopping centers, and other transportation, enhancing tenant appeal and accessibility.
Cons
Property Age: Built in 1952, the property is over 70 years old, which may imply higher ongoing maintenance costs and potential for outdated systems or infrastructure.
Unspecified Renovation Status: The description highlights investment potential but does not detail recent renovations or upgrades to the units, suggesting potential for significant capital expenditure to modernize and maximize rental income.
Compact Unit Sizes: With 2368 sqft across four units (two 3-bed/2-bath and two 1-bed/1-bath), the individual unit sizes, particularly the 3-bedroom units, may be relatively compact, potentially limiting appeal to certain tenant demographics.