406 E Rosecrans, Compton, California 90221, Compton, 90221 - bed, bath
ACTIVE$1,475,000$5,308/sqft
406 E Rosecrans, Compton, California 90221
0Bed
0Bath
5,308Sqft
17,031Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Immediate Income Potential: The property is currently operating at full occupancy, offering immediate and stable income potential for investors.
Top Cons:
Advanced Age of Building: Constructed in 1928, the property is nearly a century old, which typically implies higher maintenance costs and potential need for significant system upgrades (e.g., plumbing, electrical, roofing).
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1928 (98 years old).
Condition: Built in 1928, this property is nearly a century old with no mention of significant renovations. The listing explicitly notes 'Advanced Age of Building,' 'Lack of Renovation Details,' and 'Potential for Outdated Systems' (plumbing, electrical, roofing). Exterior images show weathered stucco, aged roofs with visible wear, and general signs of deferred maintenance. While currently occupied, the property requires substantial repairs and rehabilitation to major components to meet modern standards and ensure long-term functionality.
Year Built
1928
Close
-
List price
$1.48M
Original List price
$1.48M
Price/Sqft
$278
HOA
-
Days on market
-
Sold On
-
MLS number
DW26005246
Home ConditionPoor
Features
View-
About this home
Introducing an exceptional investment opportunity in the heart of Compton - 406 E Rosecrans Ave. These 5,308 SF buildings, boasting 8 units and constructed in 1928, presents a prime opportunity for multifamily/low-rise/garden investors. Situated in a CL-zoned area and currently operating at full occupancy, this property offers immediate income potential. With a strong rental history and a central location, this property holds great promise for investors seeking a lucrative addition to their portfolio. Don't miss the chance to acquire this strong asset in a thriving market.
E
Edwin Huber
Listing Agent
Price History
Date
Event
Price
09/03/04
Sold
$800,000
01/08/02
Sold
$300,000
Condition Rating
Poor
Built in 1928, this property is nearly a century old with no mention of significant renovations. The listing explicitly notes 'Advanced Age of Building,' 'Lack of Renovation Details,' and 'Potential for Outdated Systems' (plumbing, electrical, roofing). Exterior images show weathered stucco, aged roofs with visible wear, and general signs of deferred maintenance. While currently occupied, the property requires substantial repairs and rehabilitation to major components to meet modern standards and ensure long-term functionality.
Pros & Cons
Pros
Immediate Income Potential: The property is currently operating at full occupancy, offering immediate and stable income potential for investors.
Strong Rental History: The property boasts a strong rental history, indicating consistent demand and reliability for income generation.
Prime Investment Opportunity: Explicitly described as an 'exceptional investment opportunity' and 'prime opportunity for multifamily/low-rise/garden investors' in a thriving market.
Central Location & Zoning: Situated in a central Compton location within a CL-zoned area, which can offer flexibility for future development or commercial potential.
Multi-Unit Asset: Comprising 8 units, the property provides diversified income streams and scale for a robust investment portfolio.
Cons
Advanced Age of Building: Constructed in 1928, the property is nearly a century old, which typically implies higher maintenance costs and potential need for significant system upgrades (e.g., plumbing, electrical, roofing).
Lack of Renovation Details: The description does not specify any recent renovations or upgrades to the units or common areas, suggesting a potential need for capital expenditure to modernize and maximize rental income.
Potential for Outdated Systems: Given its 1928 construction, the property likely has original or very old building systems, which could lead to increased operational costs and future replacement needs.