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Mirka Deniz

mirka_deniz@hotmail.com +1(909) 507-6797

$795,000

Est. payment - /mo

4,878 Sqft Lot

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Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26235651

HOA Y/N No

Year Built 1962

Lot Size 4,878 Sqft

Property Sub-Type Apartment

Property Description

4610 Compton Avenue is a five-unit multifamily property located in the Central-Alameda neighborhood of Los Angeles, near Downtown Los Angeles, the City of Vernon, and the Metro A Line Vernon Station.

Built in 1962, the property encompasses approximately 3,124 square feet of building area on an approximately 4,880-square-foot lot zoned LAC2. The property reflects an underwritten 6.14% cap rate and 8.41 GRM, incorporating projected monthly rent of $1,995 for one two-bedroom/one-bath apartment.

The unit mix consists of one one-bedroom/one-bath apartment, two two-bedroom/one-bath apartments, one two-bedroom/two-bath apartment, and one three-bedroom/one-bath apartment. Two- and three-bedroom units comprise 80% of the residential mix, providing a concentration of layouts with additional bedroom capacity.

The property's reported average occupancy of 98% over the preceding twelve months reflects its recent leasing history. One two-bedroom/one-bath apartment is available for leasing. The property presents approximately 36.2% rental upside potential based on projected market rents, subject to applicable rent regulations and leasing outcomes.

Eight on-site parking spaces in the rear parking area complement the residential configuration. The property is located near the historic Central Avenue corridor, Pacific Boulevard shopping district, South Park Recreation Center, and employment centers in Vernon and Downtown Los Angeles. Nearby Metro A Line service and the 110 and 10 freeways provide transportation connections throughout Los Angeles.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Interior

Fireplace No

Laundry None

Exterior

Garage Spaces 8.0

Garage Description 8.0

Pool None

Community Features Urban

Total Parking Spaces 8

Private Pool No

Building

Lot Description Rectangular Lot

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5106013027

Acceptable Financing Cash, Cash to New Loan, Conventional, Contract

Listing Terms Cash, Cash to New Loan, Conventional, Contract

Special Listing Condition Standard

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Listed by Raymond Rodriguez Equity Union 818-581-5829, DRE #01402283

NEARBY SCHOOL & BUSINESS

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4610 Compton AVE Los Angeles, CA 90011