2201 E Compton Blvd - Apartments FOR SALE


Compton, CA 90221
$2,500,000 USD
949-200-7494
2201 E Compton Blvd, Compton, CA for Sale
$2,500,000 USD
Apartments - FOR SALE
1/6
null | 5.95% Cap Rate

2201 E Compton Blvd
Compton, CA 90221


HIGHLIGHTS

  • Attractive Pricing | 9.77 GRM at a 5.95% CAP Rate | $166,667 Per Unit & $244 per Square Foot
  • Ideal Unit Mix of: (14) – 1Bed/1Bath Units & (1) – 2Bed/1Bath Unit
  • Value Add Opportunity with 25% Rental Upside Potential Without Relying on Subsidy Programs
  • Individually Metered for Electricity & No Gas Meters | Each Unit with Individual Electric Water Heaters
  • Large Lot Featuring Ample On-Site Parking | 14 Single-Car Garages
  • Property is Subject to AB-1482 | California’s Statewide Rent Control | Allowing Annual Increases of 5% + CPI

OVERVIEW

Matthews Real Estate Investment Services, as the exclusive listing agent, is pleased to offer 2201 E Compton Blvd, a 15-unit multifamily property in the city of Compton, CA. This two-story, secured, and gated courtyard-style building offers a strong unit mix, comprised of fourteen (14) one-bedroom/one-bath units and one (1) two-bedroom/one-bath units. Built in 1963, the property boasts 10,209 rentable square feet on an 11,297 square foot lot with 14 single-car garages for tenant convenience. Additionally, the property falls under AB-1482, California's statewide rent control, allowing annual increases of 5% plus CPI. Currently, the property operates with no subsidized tenants and offers 25% rental upside potential without the need for any subsidy programs. However, additional upside can be realized by tapping into subsidies like the Housing Choice Voucher (HCV) Program, with maximum voucher amounts reaching $1,921 for 1-bedroom units and $2,222 for 2-bedroom units, while ensuring smooth rent collection. 2201 E Compton Boulevard presents an exceptional value compared to similar assets in the area. Whether you choose to maintain the property’s current operations or tap into subsidy programs to maximize returns while streamlining rent collection, this asset presents an opportunity to acquire a well position property in one of Compton’s most densely populated areas with significant upside and long-term growth. Broker of Record David Harrington License No. 02168060 (CA) Matthews Real Estate Investment Services, Inc 2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$245 USD /SF

# OF UNITS

15

PRICE/UNIT

$166,667

CAP RATE

5.95%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2201 E COMPTON BLVD

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

CORL*

APN/PARCEL ID

6183-018-029

ASK ABOUT THIS PROPERTY

Kyle MirrafatiMatthews Real Estate Investment ServicesMore Info
949-200-7494

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Kyle MirrafatiMatthews Real Estate Investment ServicesMore Info
949-200-7494

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