Property Detail

Description

Welcome to 1108 E. Tucker Street in Compton where you will find a completely remodeled triplex in 2024. This TURNKEY property is on a 195 foot deep lot with room to build or add an ADU. This property has an electric gate for privacy and security. In addition this amazing Tri-plex has a single family in the front unit and a duplex in the rear. All permits and construction signed off by the city of Compton and the city pre-inspection has been completed. FRONT UNIT HAS new Roof & new Gutters, new Windows & Blinds & new Doors, new 100 amp Electrical panel, new Pre-wired for solar or charging station, new kitchen with all new stainless steel appliances, stove, microwave, Refrigerator and dishwasher, new Heater & New Hot Water Heater, new Plumbing, new drain lines, new Laundry hookups, new Remodeled bathroom, new recessed lighting and new Vinyl Flooring. REAR UNITS have new Kitchens with Butcher Block counters & new Refrigerators & new Stoves, new Roof & new Gutters, new Windows & Blinds & New Doors, new Heaters, new Plumbing, new Vinyl Flooring and a new Hot Water Heater. Front Unit has 5 off street parking including detached Garage with 5 remote controls for the electric gate. Back Unit has 2 Off street Parking Spaces & 2 Remote Controls with remotes for electric gate. This property has NO deferred maintenance. This amazing property has a high return with low maintenance and great upside and long term potential FINANCIALS: 6.8 % Cap Rate with Actual Income & Expenses. The Front Unit currently leased, 1 year @ $3,350 a month. Unit A is currently leased for 1 year @ $2,100 a month. Unit B is currently leased for 1 year @ $2,300 a month. Income $7,750 a month Annual Income $93,000 Expenses. $50 Gardner $85 per month for water. Units A&B $4050 annual insurance $175 permits $13,885 annual property taxes ( based on sales price ) $18,245 Annual expenses. No local rent control Subject to AB 1482 state wide rent control