We are pleased to offer 2201 E Compton Blvd, a 15-unit multifamily property in the city of Compton, CA. This two-story, secured, and gated courtyard-style building offers a strong unit mix, comprised of fourteen (14) one-bedroom/one-bath units and one (1) two-bedroom/one-bath units. Built in 1963, the property boasts 10,209 rentable square feet on an 11,297 square foot lot with 14 single-car garages for tenant convenience. Additionally, the property falls under AB-1482, California’s statewide rent control, allowing annual increases of 5% plus CPI. Currently, the property operates with no subsidized tenants and offers 25% rental upside potential without the need for any subsidy programs. However, additional upside can be realized by tapping into subsidies like the Housing Choice Voucher (HCV) Program, with maximum voucher amounts reaching $1,921 for 1-bedroom units and $2,222 for 2-bedroom units, while ensuring smooth rent collection. Whether you choose to maintain the property’s current operations or tap into subsidy programs to maximize returns while streamlining rent collection, this asset presents an opportunity to acquire a well position property in one of Compton’s most densely populated areas with significant upside and long-term growth.
Property Details
Price:
$2,500,000
MLS #:
24460525
Status:
Active
Baths:
0
Address:
2201 E Compton Boulevard
Type:
Residential Income
Neighborhood:
rocomptonsofrosecranseofalameda
City:
Compton
Listed Date:
Nov 12, 2024
State:
CA
ZIP:
90221
Lot Size:
11,300 sqft / 0.26 acres (approx)
Year Built:
1963
See this Listing
Mortgage Calculator
Schools
Interior
Exterior
Garage Spaces
14.00
Parking Features
Assigned, Garage – Single Door
Parking Spots
14.00
Stories Total
2
Financial
Map
Community
- Address2201 E Compton Boulevard Compton CA
- AreaRO – Compton S of Rosecrans, E of Alameda
- CityCompton
- CountyLos Angeles
- Zip Code90221
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Courtesy of Matthews Real Estate Investment Services. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
2201 E Compton Boulevard
Compton, CA
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