8800 Compton AveLos Angeles, CA 90002
- Residential income properties
- 1,864 SF
Property Details for 8800 Compton Ave
- Year built
- 1926
- Property size (Sq ft)
- 1,864 SF
- Property type
- Residential income properties
- Property subtype
- Multifamily properties
Description
This Los Angeles multifamily investment opportunity presents a fully vacant, three-unit apartment building with significant value-add potential. The property, located at 8800 Compton Ave, comprises two structures totaling 1,864 square feet on a 6,047 square foot lot zoned LCC3. Built in 1926, the property includes two one-bedroom units in a front duplex and a rear commercial building, previously used as a church, suitable for conversion into additional ADUs. Currently vacant, this presents an opportunity to reposition the property, re-rent the existing units, or convert the commercial space, potentially increasing the unit count and achieving a 10%+ cap rate. The property boasts a current NOI of $83,926, an asking price of $749,000, and an 11.21% cap rate. Its prime location offers convenient access to public transportation, including bus stops and the Firestone Light Rail Station, and is near various local businesses. The property's strong potential for increased NOI and appreciation makes it an attractive investment opportunity in a growing Los Angeles neighborhood. The property features alley access and street frontage on Compton Ave and E 88th St. This is a rare opportunity to acquire a fully vacant property in a desirable location with the potential for significant returns.
Location Insight
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Latitude
- 33.9573
- Longitude
- -118.247
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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