1307-1311 E Peck St - Apartments FOR SALE


Compton, CA 90221
$2,300,000 USD
213-225-7223
1307-1311 E Peck St, Compton, CA for Sale
$2,300,000 USD
Apartments - FOR SALE
1/9
null | 6.5% Cap Rate

1307-1311 E Peck St
Compton, CA 90221


OVERVIEW

We are pleased to present 1307-1311 E Peck, a 10-unit multifamily community located in Compton, that is priced at a 6.50% CAP and 10.03 GRM on current rents with upside to operate at a 9.04% CAP and a 7.86 GRM. 1307-1311 E Peck is situated in close proximity to the 105 and 710 freeways offering convenient access to neighboring cities such as Los Angeles, Lynwood, South Gate, Gardena and Long Beach. Nearby tenant amenities include the Compton Town Center, Plaza Mexico, Compton Art & History Museum, and the Dominguez Rancho Adobe Museum. The property is comprised of two, single story side by side five-unit buildings constructed in 1950 with a strong unit mix of 4 two-bedroom units and 6 one-bedroom units located on 17,323 sf of land. Half of the units have been renovated, and one unit will be delivered VACANT. There is also ample onsite uncovered parking along with 10 1-car garages providing potential for ADU conversions. Contact Casey Lins at 714-333-6768 or Casey.Lins@kidder.com for additional information

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$459 USD /SF

# OF UNITS

10

PRICE/UNIT

$230,000

CAP RATE

6.5%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6.50% CAP | 10 Units | 17,323sf of Land

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,323 SF

ZONING

COPRH

APN/PARCEL ID

6167-030-022,6167-030-023

ASK ABOUT THIS PROPERTY

Casey LinsKidder MathewsMore Info
213-225-7223

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Casey LinsKidder MathewsMore Info
213-225-7223

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