We are pleased to present 1008 N Burris Avenue- a six (6) unit multifamily investment opportunity located in Compton, CA and built in 1955. The single story, bungalow style property consists of six (6) One Bedroom / One Bath units. The property has been well-maintained and has a newer roof in place. The bungalow style units allow tenants more privacy and single family residence type living. The property possesses a total of eight (8) carport parking spots. Situated on a large lot spanning 9,618 SF with 2,800 SF of building space, the building offers a comfortable amount of room for each unit. The offering is priced at a just under a 5.0%CAP and 13.56 GRM, which are attractive rates in this active and emerging market.1008 Burris Avenue will surely benefit the investor with high returns, providing a strong CAP rate and extremely low annual expenses. With historically high rental demand in the Compton Multi-Family market, an investor can benefit from receiving full rental income from a well-maintained, stabilized property that provides on-site parking and excellent amenities.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
