315 E Elm Street
Compton, CA, 90221
$550,000
MLS: 26996265
Beds
4
Baths
2
Sq Ft
1,943
Lot
0.14 ac
Year Built
1947
MLS #
26996265
Days on Market
13
Listed
Oct 2, 2026
Description
Income-Producing Duplex Opportunity in Compton at 315-317 Elm Ave Compton CA. Add a well-maintained, tenant-occupied duplex to your investment portfolio with **$37,800 in current annual gross income, a 4.21% cap rate, and 14.6 GRM.** Both units are well cared for and offer in-unit laundry, while Unit 315 features an additional bonus den, wood-laminate flooring, newer kitchen cabinets, and quartz countertops.The property also includes a detached two-car garage providing off-street parking, along with a generously sized backyard. With established tenants already in place and consistent rental income from day one, this is a great opportunity for an investor looking to acquire a performing rental property without the need to start from scratch. Whether you're expanding an existing portfolio or adding your next income-producing property, this Compton duplex is ready for its next owner.
Location
Compton, Los Angeles County, CA 90221
Open on Google Maps ↗Listed by: Melissa Urena · Real Broker
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$4,506
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $55,000 · Loan: $495,000
Average 30-yr fixed rate 7.40% as of Oct 8, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $3,427
- Property tax (1.25%)
- $573
- Homeowners insurance
- $300
- Mortgage insurance
- $206
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Oct 8, 2026
- 30-year fixed
- 7.40%
- 15-year fixed
- 6.73%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Compton home with as little as 3.5% down using an FHA loan — roughly $19,250 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
See Compton, CA 90221 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor, Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
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