117-119 E Cypress st - Apartments FOR SALE


Compton, CA 90220- West Compton
$2,450,000 USD
949-295-8560
117-119 E Cypress st, Compton, CA for Sale
$2,450,000 USD
Apartments - FOR SALE
1/6
null | 5.3% Cap Rate

117-119 E Cypress st
Compton, CA 90220
West Compton


HIGHLIGHTS

  • Built in 1990
  • Twelve 2-Bedroom & Two 1-Bedroom Units
  • Priced at $175,000/Unit & $224/SF
  • Patios, Balconies & Garages
  • First Time on the Market in Decades
  • Massive Amount of Rental Upside

OVERVIEW

Morgan Skenderian is pleased to present 117-119 E. Cypress Street, a rare opportunity to purchase a 1990 construction property with an ideal unit mix of majority 2-bedroom units. Unit amenities include large floorplans, patios/balconies, garages, carports and gated entry/parking. Located near the Metrol Rail A Line, the new construction Compton High School, City Hall and several newly-built power retail centers. Compton is an excellent rental market for apartment owners with no municipal rent control. Rental demand outpaces supply year after year resulting in historically-low vacancy rates. The property has a central location (30 minutes or less median travel time to work) and benefits from the city’s large renter profile. Contact listing broker for an offering memorandum or more information.

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$225 USD /SF

# OF UNITS

14

PRICE/UNIT

$175,000

CAP RATE

5.3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1990

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,668 SF

ZONING

-

APN/PARCEL ID

6160-020-017

ASK ABOUT THIS PROPERTY

Doug RodermundMorgan-Skenderian Investment Real Estate GroupMore Info
949-295-8560

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Doug RodermundMorgan-Skenderian Investment Real Estate GroupMore Info
949-295-8560

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.