410 N Pearl Avenue,
Home For Sale
Investment Opportunity!! This well-maintained fourplex offers excellent potential for investors seeking strong returns Built in 1953, the property consists of three buildings: *** Unit (A) is a 3 bed & 1.75 bath house with its own backyard and attached one car garage *** Unit B: Is a comfortable 2-bedroom, 1-bathroom unit *** Units C & D: Are two charming 1-bedroom, 1-bathroom units Reposition and unlock additional revenue with proforma rents almost doubling current income! Additional opportunity also exists with the 580 sq ft garage. Currently used for storage, it has the potential to be converted into an Accessory Dwelling Unit (ADU), generating additional rental income. Strong Rental Market Current rents total $5,585/month, with an estimated 40%+ in upside potential rent. This property is ideal for investors seeking a fix-and-flip strategy or a long-term hold with significant income growth. Highlights: Four-unit apartment complex in desirable location Large lot with development potential (zoned CORH) Three well-maintained buildings Significant upside potential Potential ADU conversion opportunity This property is exempt from LA City rent control, offering additional flexibility for investors
Property Details
Additional Information
-
- County:
- Los Angeles
-
- Zip:
- 90221
-
- MLS® #:
- RS24082180
-
- Bedrooms:
- 7
-
- Lot Size:
- 0.20
-
- Neighborhood:
- COMPTON (90221)
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS®, Inc.
Listing information last updated on May 19th, 2024 at 10:01pm PDT.