Courtesy of: Cameron Samimi 02035763 | Lyon Stahl Investment Real Estate, Inc.
Purchase Type: Sale
MLS ID: SB21076444
Days On Market: 48
Year Build: 1948
Lot size: 0.18
Property Type: Residential Income
New Construction: No
Swimming Pool: No
Address: 432 W Palm Street
County: Los Angeles
Neighborhood: Rp - Compton S Of Rosecrans, E Of Central,w Of Ala
Pool Features: None
432 W Palm St in Compton, is a spacious 4 plex that sits on an oversized 7,823 Sq ft. Lot. This value-add asset has plenty of upside in monthly rental income, once units are rented for market! Two 1-Bedroom/1-Bath units will be delivered tenant-ready, making this the perfect opportunity for an owner/user to live in one unit, and use the other's rent to pay off their mortgage!
432 W Palm Street is a 4-Unit asset located in the heart of Compton. This value-add asset is comprised of (4) 1-bedroom/1-bath units, currently operating at a 5.13% CAP. The building has 2,536 Sq.Ft of living space and the units feature hardwood floors, new interior paint, spacious layouts, and an open outdoor area. There is laundry on-site, as well as 4 garage parking spots. Still plenty of room to grow the monthly rental income, with a 7.27% Market CAP.
The subject property is within walking distance of the Compton Library and Martin Luther King Jr Memorial Park. Just a few miles away from $6 Billion worth of development in Long Beach, including The Uptown Commons, and plenty of new housing projects. Metro's "A-Line," running from Downtown Long Beach to Downtown Los Angeles, also has a Compton station within a mile of 432 W Palm Street. This value-add property is an ideal pickup for any investor or owner/user looking to live in one unit and let the others pay off the mortgage!