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.… Read More 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. Read Less
Property listed by Equity Union, Raymond Rodriguez 818-581-5829
Listing Snapshot
Days Online
2
Last Updated
Property Type
Apartment
Lot Size
0.11 Acres
Year Built
1962
MLS Number
SR26235651
Additional Details
Building
Built in 1962, 1 building, 2 stories, Levels: Two, Entry level: 1, Entry location: 1
Community
Urban
Expenses
Operating: $42,848
Garage
8 spaces
Income
Gross Income: $94,527, Gross ScheduledIncome: $94,527, Net Operating Income: $48,844
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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