Los Angeles, CA 90002,8800 Compton Avenue
Los Angeles, CA 90002,8800 Compton Avenue
Los Angeles, CA 90002,8800 Compton Avenue
Los Angeles, CA 90002,8800 Compton Avenue
Los Angeles, CA 90002,8800 Compton Avenue
Los Angeles, CA 90002,8800 Compton Avenue
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$ 695,000
Est. payment | /mo

2 Beds

3 Baths

6,047 Sqft Lot


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$ 695,000
Est. payment | /mo
Save

2 Beds

3 Baths

6,047 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB24218634

Bedrooms 2

HOA Y/N No

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 Rauls Market, Mercardo Don Juan, Rudys Baker, Nadeau Caf, Playa Azul Tortilleria and Market, Birrieria Jalisco and Norteno Bar and Grill.
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 Rauls Market, Mercardo Don Juan, Rudys Baker, Nadeau Caf, Playa Azul Tortilleria and Market, Birrieria Jalisco and Norteno Bar and Grill.

Location

State CA

County Los Angeles

Area Los Angeles (90002)

Zoning Assessor

Exterior

Exterior Feature Stucco

Building

Story 1

Lot Size Range 4000-7499 SF

Level or Stories 1 Story

Others

Monthly Total Fees $74

Acceptable Financing Cash, Exchange

Space Rent $2,300

Listing Terms Cash, Exchange

San Diego Regional MLS (SDMLS)
Listed by Vincent Cook • Kidder Mathews of California, Inc
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4955 Narragansett Ave, San Diego, California, 92107, USA

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8800 Compton Avenue