Skip To Content

8102 Compton Ave

Los Angeles, CA 90001
  • $2,725,000
  • STATUS: Active
  • ON SITE: 14 Days
  • ID#: 21-794498
$2,725,000
  • 24
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,040
    SQFT
  • $387
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1956
County:

School Ratings & Info

Description

Great investment opportunity in South LA to take advantage of these historically low interest rates & high LTV's. 8102-8104 Compton Ave is a 12 unit apartment complex with (2) side by side identical 6 unit properties/parcels being sold together. Built in 1956, all 12 units are 2 Bedroom/1 Bath (24 beds & 12 baths total), and the units have been recently upgraded including copper plumbing throughout & new vinyl windows. This easy to manage building has low operating costs as it's separately metered for gas & electricity, and trash is included in the annual property taxes (Garbage Disposal District). Tenants enjoy the benefit of on-site parking spaces, along with the entire perimeter being gated for secured entry for safety. Additionally, it is located directly next door to LAFD Station #16. Currently grossing $200,800 per year in rents, the property features a legitimate in-place 5% cap rate with an additional 35%+ rental upside remaining for the next owner to get it to a 7.25% cap rate. This property is transit oriented as it's a quick walk and 1/2 mile away from the Firestone/Graham Metro Station. Conveniently located in the middle of the 110, 105, 710 & 10 freeways, tenants can enjoy the perks of the resurged Downtown LA & Exposition Park districts. This clean building with steady in place cash flow & rental upside is rare and won't last long.

Monthly Payment Calculator



Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-27T23:42:53.01. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.theparsonsrealestateteam.com/homes/122334434
Print Image

8102 Compton Ave Los Angeles, CA 90001

  • Price: $2,725,000
  • Status: Active
  • ID#: 21-794498
24
Beds
0
Baths
0
½ Baths
0.18
Acres
7,040
SQFT
$387
$/SQFT
1956
Built
Neighborhood:
Metropolitan South
County:
Los Angeles
Area:
Metropolitan South
Property Description
Great investment opportunity in South LA to take advantage of these historically low interest rates & high LTV's. 8102-8104 Compton Ave is a 12 unit apartment complex with (2) side by side identical 6 unit properties/parcels being sold together. Built in 1956, all 12 units are 2 Bedroom/1 Bath (24 beds & 12 baths total), and the units have been recently upgraded including copper plumbing throughout & new vinyl windows. This easy to manage building has low operating costs as it's separately metered for gas & electricity, and trash is included in the annual property taxes (Garbage Disposal District). Tenants enjoy the benefit of on-site parking spaces, along with the entire perimeter being gated for secured entry for safety. Additionally, it is located directly next door to LAFD Station #16. Currently grossing $200,800 per year in rents, the property features a legitimate in-place 5% cap rate with an additional 35%+ rental upside remaining for the next owner to get it to a 7.25% cap rate. This property is transit oriented as it's a quick walk and 1/2 mile away from the Firestone/Graham Metro Station. Conveniently located in the middle of the 110, 105, 710 & 10 freeways, tenants can enjoy the perks of the resurged Downtown LA & Exposition Park districts. This clean building with steady in place cash flow & rental upside is rare and won't last long.
Exterior Features

Lot Size Area 7863 Other Structures None Parking Garage Assigned Total Parking 12

Interior Features

Baths Total 12.00 Cooling None Equipment None Heating Wall

Property Features

Assessed Total Value 832320 Gross Income 200880 Gross Operating Income 194854 Inclusions 8102 Compton Ave (6 Units) & 8104 Compton Ave (6 Units) - 2 Parcels Being Sold Together For 12 Units Total Like Units1 12 Net Operating Income 136132.00 Number Of Buildings 2 Number Of Units 12 Owner Pays WaterGardener Rent Control YN Yes Sale Type Standard Source Living Area Title Company Source Lot Size Area Assessor Tenant Pays GasElectricity Total Annual Expense 58721 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lcc3*

Listing provided courtesy of Jonathan Rawson DRE# of Dcdh Investments, Inc..


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-27T23:42:53.01. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-794498-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-794498-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-794498-2.jpg
Logo
The Parsons Team | Keller Williams Realty
251 S. Lake Ave #150
Pasadena CA, 91101