$1,195,000
$105K PRICE DROP

204 N Spring Ave Compton, CA 90221

Estimated payment $6,959/month

Total Views 13,082
12 Beds
6 Baths
2,856 Sq Ft
$418 Price per Sq Ft

Highlights

  • Fenced Yard
  • Laundry Room
  • Ceiling Fan
  • 4 Car Garage
  • Tile Flooring
  • 3-minute walk to Wilson Park

About This Home

Excellent investment opportunity at 7.04 cap actual. 4 unit property: 204 Apt. A is 2 bedrooms and 1 bath; 204 Apt. B is 3 bedrooms and 2 baths; 204 Apt. C is 5 bedrooms (4 plus smaller bedroom that is office sized) and 2 baths; 206 is a small detached house on the lot with 2 bedrooms and 1 bath. The property also has 4 single-car garages with additional space for parking or adding an ADU. The roof of the detached unit 206 was replaced in the last two years. The water pipe from the meter to the building was replaced within the last two years and the concrete repaired. A new secure 4 station mailbox was installed in the last two years. There is a laundry room on site that was never utilized. Excellent opportunity to get to a 8.0 cap with laundry addition and increased rents. Do NOT disturb Tenants.

Listing Agent

Melissa Barlow

Elite Representation Real Estate License #01498928 Listed on: 04/01/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,104

Year Built

  • Built in 1942 | Remodeled

Lot Details

  • 6,211 Sq Ft Lot
  • Fenced Yard
  • Gated Home
  • Front Yard

Parking

  • 4 Car Garage

Home Design

  • Raised Foundation
  • Stucco

Interior Spaces

  • 2,856 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Disposal
  • Laundry Room

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Home Security

  • Window Bars
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Heating System Mounted To A Wall or Window
  • Property is located within a water district
  • Gas Water Heater
  • Sewer in Street

Listing and Financial Details

  • The owner pays for water, gardener
  • Assessor Parcel Number 6166-022-007

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,104

Year Built

Built in 1942 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: Excellent investment opportunity at 6.3 cap actual. 4 unit property: 204 Apt. A is 2 bedrooms and 1 bath; 204 Apt. B is 3 bedrooms and 2 baths; 204 Apt. C is 5 bedrooms (4 plus smaller bedroom that is office sized) and 2 baths; 206 is a small detached house on the lot with 2 bedrooms and 1 bath. The property also has 4 single-car garages with additional space for parking or adding an ADU. The roof of the detached unit 206 was replaced in the last two years. The water pipe from the meter to the building was replaced within the last two years and the concrete repaired. A new secure 4 station mailbox was installed in the last two years. There is a laundry room on site that was never utilized. Excellent opportunity to get to a 7 cap with laundry addition and increased rents. Do NOT disturb Tenants.
  • Alley: No
  • Entry Location: Ground Level w/steps
  • Living Area: 2856
  • Lot Acreage: 0.1426
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1942
  • Number Of Photos: 14
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Disposal: 4
  • Flooring: Mixed, Carpet, Tile
  • Bedrooms: 12
  • Common Walls: Attached
  • Laundry: Room
  • Total Bathrooms: 6.00
  • Equipment: Ceiling Fan, Garbage Disposal
  • Price Per S Q F T: 418.42

Exterior Features

  • Construction: Stucco
  • Other Structures: None
  • Tennis Court Y/N: No
  • Foundation Details: Raised
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Garage Spaces: 4
  • Parking Garage: Garage - 1 Car, Garage Is Detached
  • Total Parking: 4

Utilities

  • Water District: Compton
  • Water Heater: Gas
  • Cooling: Ceiling Fan
  • Heating: Wall
  • Number Electric Meters: 4
  • Number Gas Meters: 4
  • Security: Gated, Carbon Monoxide Detector(s), Smoke Detector, Window Bars
  • Sewer: In Street Paid
  • Water: District
  • Water Expense: 2100.00
  • Water Heaters: Yes

Condo/Co-op/Association

  • Professional Management: 5400.00

Fee Information

  • Insurance Expense: 2680.00
  • Maintenance Expense: 200.00
  • Management Expense: 465.00
  • Trash Expense: 3200.00

Schools

  • School District: Compton Unified

Lot Info

  • Assessed Improvement Percent: 56.81
  • Assessed Improvement Value: 206439
  • Assessed Land Percent: 43.19
  • Assessed Land Value: 156941
  • Total Assessed Value: 363380
  • Assessor Parcel Number: 6166-022-007
  • Lot Description: Front Yard, Fenced Yard
  • Lot Size Area: 6211

Rental Info

  • Number Leased: 3
  • Total Actual Rent: 111348.00
  • Owner Pays: Water, Gardener
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 11.67
  • Number Of Units: 4
  • Total Annual Expense: 33105
  • Type Of Units: Residential
  • Vacancy Allow: 0
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 3340

Tax Info

  • Private Transfer Taxes: No
  • Tax Expense: 16510.00

MLS Schools

  • School District: Compton Unified

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,104 $378,058 $163,280 $214,778
2024 $7,104 $370,646 $160,079 $210,567
2023 $7,025 $363,380 $156,941 $206,439
2022 $6,644 $356,256 $153,864 $202,392
2021 $6,692 $349,272 $150,848 $198,424
2020 $6,580 $346,092 $149,302 $196,790
2019 $6,503 $339,315 $146,375 $192,940
2018 $6,279 $332,670 $143,505 $189,165
2016 $5,957 $319,370 $137,934 $181,436
2015 $5,700 $314,574 $135,863 $178,711
2014 $5,611 $308,413 $133,202 $175,211
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2025 04/01/25 For Sale $1,195,000 0.0% $418 / Sq Ft
03/31/2025 03/31/25 Off Market $1,195,000 -- --
12/30/2024 12/30/24 Price Changed $1,195,000 -8.1% $418 / Sq Ft
08/22/2024 08/22/24 For Sale $1,300,000 +331.9% $455 / Sq Ft
05/07/2012 05/07/12 Sold $301,000 +19.2% $105 / Sq Ft
03/20/2012 03/20/12 Pending -- -- --
03/09/2012 03/09/12 For Sale $252,500 -- $88 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed -- Progressive Title
Grant Deed -- Progressive Title Company
Grant Deed -- Accommodation
Grant Deed -- Usa National Title Company
Quit Claim Deed -- First American Title Company
Quit Claim Deed -- First American Title Company
Grant Deed $301,000 Servicelink
Trustee Deed $279,900 Landsafe Title
Grant Deed $750,000 --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Grant Deed -- Ort
Grant Deed -- --
Grant Deed -- First American Title Co
Trustee Deed $296,660 --
Grant Deed $296,660 --
Corporate Deed $275,000 First Southwestern Title Co
Grant Deed $150,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $358,600 New Conventional
Closed $358,600 New Conventional
Previous Owner $374,500 New Conventional
Previous Owner $287,000 New Conventional
Previous Owner $596,000 Fannie Mae Freddie Mac
Previous Owner $74,500 Credit Line Revolving
Previous Owner $136,100 Unknown
Previous Owner $250,000 Credit Line Revolving
Previous Owner $150,000 New Conventional
Previous Owner $272,751 FHA
Previous Owner $98,000 Unknown
Source: Public Records

Source: The MLS

MLS Number: 24-430359

The MLS

APN: 6166-022-007