MLS® ID: PW19272644
1004 E Rosecrans Avenue
Compton, California, 90220 $2,500,000
Centennial Advisers is proud to offer a 10-unit apartment in Compton, CA. The subject property is located at 1004 E Rosecrans Avenue, four blocks East of Santa Fe Avenue, and adjacent to Mayo Elementary School. This investment consists of one 3+2 unit, eight 2+1 units, and one 1+1 unit. The property was recently rehabbed with 8 of 10 units being complete. The rehab included a new roof as well. Built in 1963, this property is a two-story walk-up style building with garage parking in the rear. With approximately 9,276 rentable square feet, and a lot size of 9,718 sq. ft. the property offers a large foot print on a major thoroughfare with great visibility. Located within close proximity to numerous restaurants and shopping corridors this property offers an investor the rare opportunity to acquire an income property in a strong rental market in the path or redevelopment. With rents close to 20% below market value, an investor looking to add value could dramatically improve their cash flow by bumping rents up to market rate and charging for additional parking thus making this acquisition a valuable addition to any investor’s portfolio.