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Teresa Arana
Teresa Arana
Re Max Innovate
Bellflower, CA 90706

562-569-1499
Contact Me

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Listing 11 out of 18
Sold for $2,450,000 Sold

2327 E Myrrh Street
Compton, CA 90221

10 units | Multi Family Home
12084 sq ft lot - MLS# DW19121452
Property Photo

Sold

Sold for $2,450,000 on Aug 9, 2019

Description

5.9 CAP RATE & 10.4 CASH ON CASH !!! GREAT INCOME PERFORMING COMPLEX - This 10 unit multi-family complex with extensive capital expenditures and over $400,000 in capital improvements that Consisting of a very open and spacious layout, each unit has with brand new electrical, plumbing, all windows, walls, can provide a detailed list of all work done including, brand new custom kitchen cabinets with matching nutmeg granite counter, with new garbage disposal, faucet, bathroom vanity's, fixtures, doors. knobs, half mirrored closet doors, recessed lighting, lighted nickel platted fan and more. each unit also comes with there own recently purchased, stainless steel refrigerator, stove with oven and overhead microwave range. Safety and security is a top priority by providing a secure keyed entry, and remote gated access for all community vehicles to and from assigned carport space for each apartment. The complex also provides a community laundry area with brand new owner owned coin-operated washer and dryer machines that come with a 3 years service warranty. Balerno Castle also is offering it's limited warranty on roof, plumbing, electrical, and mechanical, with options for extensions please ask agent for additional information from listing agent. Don't miss out this opportunity to own in one of the few non rent control city's in Los Angeles county. "DON'T FORGET TO REVIEW THE PURCHASE ANALYSIS"

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Closed
  • Listing Price: $2,639,999
  • Zip Code: 90221
  • Year Built: 1963
  • Style: Traditional
  • Stories: Two
  • Units: 10 units
  • # of Parking Spaces: 10.00
  • Lot Size: 12084 sq ft lot
  • Zoning: CORM*
  • Area: 699 - Not Defined
  • Appliances: ENERGY STAR Qualified Appliances, Disposal, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater, Microwave, Refrigerator
  • Appliances YN: Yes
  • Average Studio Area Units: Square Feet
  • Average1Bed Area: 635
  • Average2Bed Area: 745
  • Average2Bed Area Units: Square Feet
  • Average3Bed Area Units: Square Feet
  • Building Area Total: 7160.00
  • Building Area Units: Square Feet
  • Cap Rate: 6.28
  • Carport Spaces: 10.00
  • Common Walls: 2+ Common Walls
  • Community Features: Storm Drains, Suburban
  • Construction Materials: Stucco
  • Country: US
  • Directions: Major cross streets are Alondra St & Atlantic Ave
  • Door Features: Double Door Entry
  • Electric: 220 Volts in Kitchen, Electricity - On Property
  • Electric Expense: 792.00
  • Flooring: Laminate, See Remarks, Tile
  • Foundation Details: Slab
  • Fuel Expense: 5088.00
  • Gardener Expense: 720.00
  • Green Energy Efficient: Construction, Incentives
  • Green Energy Generation: Solar
  • Gross Income: 2640.00
  • Gross Multiplier: 10.70
  • Gross Operating Income: 241224.00
  • Gross Scheduled Income: 247200.00
  • Gross Spendable Income: 166445.00
  • Heating: Wall Furnace, Natural Gas
  • Heating YN: Yes
  • Insurance Expense: 3277.00
  • Laundry Equipment Own Lease: Own
  • Laundry Features: Common Area, Community, Inside, See Remarks
  • Laundry Income: 2640.00
  • Laundry YN: Yes
  • Listing Agent License: 01389408
  • Listing Office License: 00338699
  • Lot Features: 6-10 Units/Acre, Front Yard, Garden, Landscaped, Lot 10000-19999 Sqft, Rectangular Lot, Near Public Transit, Sprinkler System, Sprinklers In Front, Sprinklers Timer
  • Lot Size Area: 12084.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Maintenance Expense: 2880.00
  • Maintenance Percent: 2.00
  • Net Operating Income: 166445.00
  • New Taxes Expense: 43063.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 10
  • Number With Disposal: 10
  • Number With Range: 10
  • Number With Refrigerator: 10
  • Operating Expense: 74779.00
  • Operating Expense Percent: 31.00
  • Parking Features: Carport
  • Parking YN: Yes
  • Property Attached YN: Yes
  • Property Condition: Turnkey
  • Road Surface Type: Paved
  • Roof: Composition
  • Room Type: Kitchen
  • Security Features: Gated Community, Security Lights, Smoke Detector(s)
  • Selling Agent: Isaac Rosales
  • Selling Agent License: 01389408
  • Selling Office: Berkshire Hathaway H.s.c.p.
  • Selling Office License: 00338699
  • Sewer: Public Sewer
  • Stories Total: 2
  • Total Actual Rent: 247200.00
  • Total Expenses: 74441.00
  • Trash Expense: 2886.00
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Water Sewer Expense: 4109.00
  • Water Source: Public
  • Window Features: Blinds, ENERGY STAR Qualified Windows, Insulated Windows, Screens
  • Year Built Source: Assessor
  • Sold Date: 2019-08-09
  • Sold Price: 2450000.00
Courtesy of Berkshire Hathaway H.s.c.p., Isaac Rosales



Teresa Arana | 562-569-1499 | Contact Me
16536 Bellflower Blvd - Bellflower, CA 90706
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