Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

10

Building size

5,640 sqft

Lot size

14,138 sqft

Year built

1949

Stories

2

Style

Bungalow

Heating

Wall Furnace

Pool

None

Status

Active

Days on market

8

MLS #

247385229

About this property

Unique value add deal being sold by long term owners as part of a large portfolio sale. The property is currently 60% vacant, but full of upside. Vacant units have not been advertised for rent due to a death in the family, and an experienced operator could do very well with this property. This 10 unit is sits on 2 separate parcels with a shared driveway. With 6 units currently vacant, the property is primed for rapid repositioning and lease at market rents. 6 units have already been remodeled, giving a strong head start on interior upgrades. There are 6 carports under the rear 2 units, and 8 open parking spaces in front. Significant upside remains with potential for rear ADU additions. Located near Rosecrans and Long Beach Blvd, near daily conveniences including Subway, Wingstop, Little Caesars, La Michoacana, Mc Donalds, and T-Mobile. Just 2 blocks from Lueders Park Community Center. Located between the Compton Town Center on Alameda and the Northgate Market on Atlantic. A rare Compton value-add deal where the property is in good condition and the Buyer can choose their own tenants.

Location

1000 N Sloan Avenue

Compton, Los Angeles, CA, 90221