Young Lewin Advisors is pleased to present 702 N Willowbrook Ave in the incorporated city of Compton for sale. The contiguous 5,006 vacant lot next door, 101 E Elm St. zoned C-L is also for sale separately for $150,000.
The property consists of all 2 bed/1 bath units on a large 5,003 square foot lot. Two tenants are currently paying $890 and $1,050 respectively. One tenant is in default and has approximately two years of back rent.
Current rents are about half of market rate, allowing substantial upside for a new investor. The city of Compton does not have municipal rent control and is subject to AB-1482, allowing for higher rent increases.
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