Description

Welcome to 1108 E. Tucker Street a TRIPLEX completely remodeled in 2024. This TURNKEY property has a SINGLE FAMILY home in the front and a DUPLEX in the rear. It sits on a 195-foot-deep lot (8514 sq ft lot size) with room to build or add an ADU. This property has an electric gate for privacy and security. The complete remodel has permits and improvements signed off by the city of Compton and the city pre-inspection has been completed. FRONT HOUSE has a new Roof & new Gutters, new Windows & Blinds, new Doors, new 100amp Electrical panel, 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. The house comes with 5 off street parking spaces including a free-standing garage and 5 remote controls for the electric security gate REAR DUPLEX Unit A&B 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. Units A & B each come with 2 parking spaces off street with 2 Remote Controls for the 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 HOUSE currently leased on a 1 year @ $3,350 a month. Unit A in the rear is currently leased on a 1 year @ $2,100 a month. Unit B in the rear is currently leased on a 1 year @ $2,300 a month Actual Income $7,750 a month Annual Income $93,000 Current 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