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14640 S Atlantic Avenue, Compton, CA 90221
10
beds
10
baths
6900
ft2
· 14374
ft2 lot
$2,438,999
$353 / ft2
Listing provided courtesy of Isaac Rosales, Berkshire Hathaway Home Srvs.
Source CRMLS.
Proud to present this fully stabilized, single story, 10 unit apartment complex in the City of Compton. This property has recently undergone major upgrades with over $250k in capital expenditure improvements, and is fully operating with top of the market leases. Tenant's needs and wants were taken into consideration when upgrading this property, offering new kitchens, bathrooms, walk-in closets, ceramic floors, all new electrical and plumbing fixtures. Building also offers a community laundry room, individual garage parking, courtyard style common area, and peace of mind with secured keyed entry. Ideally located in a quaint residential area of Compton and neighboring cities of East Rancho Dominguez, Lynwood, Paramount and conveniently located near the 710 freeway. Overall this is an Ideal Real Estate Investment to ensure a steady stream of top of the market cash flows with low maintenance.
HOA
$0/month
On market
2 months
Year built
1956
Property type
Multi-Family
Parking
10
MLS
SB21056668
Price / Sq.Ft.
$353 / ft2
Status
Active
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Common Area
•   
Appliances: Gas Oven, Gas Range, Refrigerator, Vented Exhaust Fan, Water Heater
•   
Has Appliances
•   
Security Features: Carbon Monoxide Detector(s), Gated Community, Resident Manager, Smoke Detector(s)
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
•   
Room Information: Living Room, Walk-In Closet
•   
Average1 Bed Area: 670
Interior Features
•   
Interior Features: Ceiling Fan(s), Granite Counters, Unfurnished
•   
Window Features: Double Pane Windows, ENERGY STAR Qualified Windows, Screens
•   
Door Features: Insulated Doors
Heating & Cooling
•   
Has Heating
•   
Heating Details: Wall Furnace
•   
Cooling Details: See Remarks
Flooring
•   
Flooring: Tile
Interior Size
•   
Building Area Total: 6900.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Garage, Garage Faces Rear, Garage Door Opener
•   
Garage Spaces: 10.00
Community Info
•   
Road Frontage Type: Alley, City Street
•   
Road Surface Type: Alley Paved
•   
Number Of Buildings: 1
•   
Total Units: 10
Building Info
•   
Building Area Units: Square Feet
•   
Zoning: CORH*
•   
Roof: Composition
•   
Foundation Details: Concrete Perimeter, Slab
•   
Stories Total: 1
•   
Num Stories: One
•   
Year Built Source: Assessor
•   
Construction Materials: Stucco
Lot Info
•   
Lot Features: 6-10 Units/Acre, Front Yard, Landscaped, Lot 10000-19999 Sqft, Rectangular Lot, Sprinkler System, Sprinklers In Front, Sprinklers Timer, Utilities - Overhead, Yard
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.3300
•   
Lot Size Area: 14374.0000
•   
Lot Size Units: Square Feet
Property Features
•   
Fencing: Fair Condition
•   
Property Condition: Turnkey, Updated/Remodeled
•   
Common Walls: 1 Common Wall
•   
Exterior Features: Rain Gutters
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 11
•   
Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
•   
Number Of Separate Gas Meters: 11
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 192270.00
•   
Water Sewer Expense: 0.00
•   
Other Expense Description: Utility
•   
Supplies Expense: 1000.00
•   
Other Expense: 8000.00
•   
Laundry Income: 1200.00
•   
Gross Spendable Income: 126246.00
•   
Vacancy Allowance Rate: 3.50
•   
Maintenance Expense: 2500.00
•   
Cap Rate: 5.18
•   
Laundry Equipment Own Lease: Lease
•   
Total Actual Rent: 198000.00
•   
Fuel Expense: 0.00
•   
Trash Expense: 0.00
•   
New Taxes Expense: 39000.00
•   
Insurance Expense: 3024.00
•   
Vacancy Allowance: 6930
•   
Professional Management Expense: 10500.00
•   
Total Expenses: 64249.00
•   
Gross Scheduled Income: 199200.00
•   
Operating Expense: 66024.00
•   
Gardener Expense: 1200.00
•   
Gross Multiplier: 12.24
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 1200.00
•   
Tax Year: 2020
•   
Taxes: 29588.0
Lease Info
•   
Net Operating Income: 126246.00
Listing Info
•   
Status: Active
Other
•   
Electric Expense: 0.00
Multi Unit Information
Unit 10 Information
•   
Unit 10 Bathrooms: 1
•   
Unit 10 Garage Spaces: 1.00
•   
Unit 10 Actual Rent: 1650.00
•   
Unit 10 Total Units: 1
•   
Unit 10 Total Rent: 19800.00
•   
Unit 10 Bedrooms: 1
•   
Unit 10 Furnished Units: Partially
Unit 3 Information
•   
Unit 3 Bedrooms: 1
•   
Unit 3 Actual Rent: 1650.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Partially
•   
Unit 3 Garage Spaces: 1.00
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 19800.00
Unit 7 Information
•   
Unit 7 Garage Spaces: 1.00
•   
Unit 7 Bathrooms: 1
•   
Unit 7 Actual Rent: 1650.00
•   
Unit 7 Total Units: 1
•   
Unit 7 Total Rent: 19800.00
•   
Unit 7 Bedrooms: 1
•   
Unit 7 Furnished Units: Partially
Unit 2 Information
•   
Unit 2 Actual Rent: 1650.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Partially
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 1.00
•   
Unit 2 Total Rent: 19800.00
Unit 8 Information
•   
Unit 8 Bathrooms: 1
•   
Unit 8 Garage Spaces: 1.00
•   
Unit 8 Actual Rent: 1650.00
•   
Unit 8 Total Units: 1
•   
Unit 8 Total Rent: 19800.00
•   
Unit 8 Bedrooms: 1
•   
Unit 8 Furnished Units: Partially
Unit 9 Information
•   
Unit 9 Bathrooms: 1
•   
Unit 9 Garage Spaces: 1.00
•   
Unit 9 Actual Rent: 1650.00
•   
Unit 9 Total Units: 1
•   
Unit 9 Total Rent: 19800.00
•   
Unit 9 Bedrooms: 1
•   
Unit 9 Furnished Units: Partially
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Partially
•   
Unit 1 Garage Spaces: 1.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1650.00
•   
Unit 1 Total Rent: 19800.00
Unit 4 Information
•   
Unit 4 Actual Rent: 1650.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Partially
•   
Unit 4 Total Rent: 19800.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Garage Spaces: 1.00
•   
Unit 4 Bedrooms: 1
Multi Unit Information
•   
Number With Refrigerator: 10
•   
# Of Units: 10
•   
Number Of Units Leased: 10
•   
Number With Disposal: 10
•   
Number With Range: 10
•   
Price Per Unit: 2438999
Unit 5 Information
•   
Unit 5 Actual Rent: 1650.00
•   
Unit 5 Total Units: 1
•   
Unit 5 Furnished Units: Partially
•   
Unit 5 Total Rent: 19800.00
•   
Unit 5 Garage Spaces: 1.00
•   
Unit 5 Bathrooms: 1
•   
Unit 5 Bedrooms: 1
Unit 6 Information
•   
Unit 6 Actual Rent: 1650.00
•   
Unit 6 Total Units: 1
•   
Unit 6 Total Rent: 19800.00
•   
Unit 6 Furnished Units: Partially
•   
Unit 6 Bedrooms: 1
•   
Unit 6 Garage Spaces: 1.00
•   
Unit 6 Bathrooms: 1
School Neighborhood & Directions
Location
•   
Community Features: Curbs, Sidewalks, Street Lights
School Info
•   
Directions: Exit the 710 freeway onto Rosecrans Ave. West on Rosecrans Ave, turn left onto Atlantic Ave. Property is on the left.
Virtual Tour Link
Virtual Tour
•   
Virtual Tour Url Branded
Other
Calculation
•   
Dom: 35
•   
Cdom: 35
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: May 13, 2021 8:56pm
Neighborhood snapshot
34
Properties for sale
7.5
Median days on market
$381.73
Median sold price/sqft
101.57%
Sold/List %
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Property History
04/12/2021
04/12/2021
CRMLS #SB21056668
active
CRMLS #SB21056668
$2,438,999
--2.44%
03/19/2021
03/19/2021
CRMLS #SB21056668
active
CRMLS #SB21056668
$2,499,999
--4.76%
07/24/2020
07/24/2020
CRMLS #SB20126410
active
CRMLS #SB20126410
$2,625,000
--0.94%
07/18/2020
07/18/2020
CRMLS #SB20126410
active
CRMLS #SB20126410
$2,649,999
--0.00%
06/29/2020
06/29/2020
CRMLS #SB20126410
active
CRMLS #SB20126410
$2,650,000
+268.06%
See more property history
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