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4011 E Elizabeth Street

Compton, CA 90221
  • $750,000
  • STATUS: Active Under Contract
  • ON SITE: 55 Days
  • ID#: SB24075943
Under Contract
UPDATED: 226 min ago
$750,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1956
County:

School Ratings & Info

Listing Agent(s): Cameron Samimi of Lyon Stahl Investment Real Estate, Inc. (310-425-9838) and Molly First of Lyon Stahl Investment Real Estate, Inc.(310-425-9838)


Description

Renovated and fully vacant SFR + ADU! 4011 E Elizabethis the perfect opportunity to owner occupy the3Bed+2Bath home in the front and rent out the ADU tooffset your mortgage! You can pick your own tenants!This 2,250 square foot building is situated on a 5,578square foot lot, zoned LCR1. This property is priced atonly $375k/unit $333/sqft! This is one of the lowestprice/units & price/sqft in the neighborhood.Once both units are rented for market, the property willoperate at 5.83% cap rate and 11.79 GRM. Whether youare an owner/user or investor, this is the perfectopportunity to break into the real estate market!Renovated and fully vacant SFR + ADU! 4011 E Elizabethis the perfect opportunity to owner occupy the3Bed+2Bath home in the front and rent out the ADU tooffset your mortgage! You can pick your own tenants!This 2,250 square foot building is situated on a 5,578square foot lot, zoned LCR1. This property is priced atonly $375k/unit $333/sqft! This is one of the lowestprice/units & price/sqft in the neighborhood.Once both units are rented for market, the property willoperate at 5.83% cap rate and 11.79 GRM. Whether youare an owner/user or investor, this is the perfectopportunity to break into the real estate market!*ADU has not been permitted - Minor costs with permitting and plans and adding a firewall to legalize. Approximate cost between $15-$30K.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-25T00:28:10.537. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
www.mainstreetgroup.com/homes/150035311
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4011 E Elizabeth Street Compton, CA 90221

  • Price: $750,000
  • Status: Active Under Contract
  • On Site: 55 Days
  • Updated: 226 min ago
  • ID#: SB24075943
0
Beds
0
Baths
0
½ Baths
0.13
Acres
1956
Built
Neighborhood:
RO - Compton S of Rosecrans, E of Alameda
County:
Los Angeles
Area:
RO - Compton S of Rosecrans, E of Alameda
Property Description
Renovated and fully vacant SFR + ADU! 4011 E Elizabethis the perfect opportunity to owner occupy the3Bed+2Bath home in the front and rent out the ADU tooffset your mortgage! You can pick your own tenants!This 2,250 square foot building is situated on a 5,578square foot lot, zoned LCR1. This property is priced atonly $375k/unit $333/sqft! This is one of the lowestprice/units & price/sqft in the neighborhood.Once both units are rented for market, the property willoperate at 5.83% cap rate and 11.79 GRM. Whether youare an owner/user or investor, this is the perfectopportunity to break into the real estate market!Renovated and fully vacant SFR + ADU! 4011 E Elizabethis the perfect opportunity to owner occupy the3Bed+2Bath home in the front and rent out the ADU tooffset your mortgage! You can pick your own tenants!This 2,250 square foot building is situated on a 5,578square foot lot, zoned LCR1. This property is priced atonly $375k/unit $333/sqft! This is one of the lowestprice/units & price/sqft in the neighborhood.Once both units are rented for market, the property willoperate at 5.83% cap rate and 11.79 GRM. Whether youare an owner/user or investor, this is the perfectopportunity to break into the real estate market!*ADU has not been permitted - Minor costs with permitting and plans and adding a firewall to legalize. Approximate cost between $15-$30K.
Exterior Features

Entry Level 1 Entry Location Front Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 1 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls Heating Central Heating YN Yes

Property Features

Additional Parcels YN No Cap Rate 5.83 Common Interest None Community Features Urban Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 63600 Gross Scheduled Income 63600 Insurance Expense 0 Land Lease YN No Laundry Features None Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventionalCal Vet Loan1031 ExchangeFHAFannie MaeFreddie MacGovernment Loan Net Operating Income 43755 New Construction YN No Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 16665 Property Sub Type Duplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Vacancy Allowance 3180 Water Sewer Expense 0 Water Source Public Zoning LCR1YY



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-25T00:28:10.537. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
 
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Mainstreet Realtors®
10300 Fourth St. Ste 100
Rancho Cucamonga CA, 91730
Listing Agent(s): Cameron Samimi of Lyon Stahl Investment Real Estate, Inc. (310-425-9838) and Molly First of Lyon Stahl Investment Real Estate, Inc.(310-425-9838)