8800 Compton Ave - Apartments FOR SALE


Los Angeles, CA 90002
$695,000 USD
213-225-7223
8800 Compton Ave, Los Angeles, CA for Sale
$695,000 USD
Apartments - FOR SALE
1/9
null | 12.17% Cap Rate

8800 Compton Ave
Los Angeles, CA 90002


OVERVIEW

We are pleased to present 8800 Compton Ave, a rare FULLY VACANT property in Los Angeles consisting of 2 one-bedroom units + 1 commercial structure that is primed for an ADU conversion into 2 additional units with the potential to operate at a 12%+ CAP rate. Built in 1926, this opportunity consists of two separate structures totaling 1,864 rentable square feet that is situated on a 6,047 square foot, LCC3 zoned corner lot, with street frontage off of Compton Ave & E 88th St as well as with alley access. The unit mix consists of 2 one-bedroom units located in front duplex with a rear commercial building that was previously used as a church. Being delivered 100% vacant presents the next investor a unique opportunity to immediately reposition the property, and either re-rent the commercial unit to a new user or add density by converting the structure to 2 ADUs with 2 one-bedroom units, while ultimately providing flexibility for determining unit rehab finishes and new tenant selection to stabilize the property at market rents. 8800 Compton Ave is situated in a transit-oriented location near numerous bus stops and the Firestone Light Rail Station, as well as a number of community establishments such as Raul’s Market, Mercardo Don Juan, Rudy’s Baker, Nadeau Café, Playa Azul Tortilleria and Market, Birrieria Jalisco and Norteno Bar and Grill. Contact Vince Cook at 310-405-3654 or Vincent.Cook@kidder.com for additional information.

FOR SALE DETAILS

PRICE

$695,000 USD

PRICE/SF

$373 USD /SF

# OF UNITS

3

PRICE/UNIT

$231,667

CAP RATE

12.17%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1926

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,047 SF

ZONING

LCC3

APN/PARCEL ID

6044-004-001

ASK ABOUT THIS PROPERTY

Casey LinsKidder MathewsMore Info
213-225-7223

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

Casey LinsKidder MathewsMore Info
213-225-7223

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