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$ 695,000
Est. payment /mo
Price Dropped by $54K
8800 Compton AVE Los Angeles, CA 90002
6,047 Sqft Lot
UPDATED:
12/02/2024 10:02 PM
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB24218634
Originating Board California Regional MLS
Year Built 1926
Lot Size 6,047 Sqft
Property Description
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 Tortiller
Location
State CA
County Los Angeles
Area Watt - Watts
Interior
Heating Wall Furnace
Cooling None
Laundry None
Exterior
Parking Features Uncovered Parking
Pool 31, None
View None
Roof Type Shingle
Building
Story One Story
Water District - Public
Others
Tax ID 6044004001
Special Listing Condition Not Applicable
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Listed by Vincent Cook • Kidder Mathews of California, Inc