6.50% CAP | 10 Units | 17,323sf of Land | 1307-1311 E Peck St
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6.50% CAP | 10 Units | 17,323sf of Land 1307-1311 E Peck St
10 Unit Apartment Building $2,300,000 ($230,000/Unit) 6.50% Cap Rate Compton, CA 90221
Executive Summary
We are pleased to present 1307-1311 E Peck, a 10-unit multifamily community located in Compton, that is priced at a 6.50% CAP and 10.03 GRM on current rents with upside to operate at a 9.04% CAP and a 7.86 GRM.
1307-1311 E Peck is situated in close proximity to the 105 and 710 freeways offering convenient access to neighboring cities such as Los Angeles, Lynwood, South Gate, Gardena and Long Beach. Nearby tenant amenities include the Compton Town Center, Plaza Mexico, Compton Art & History Museum, and the Dominguez Rancho Adobe Museum.
The property is comprised of two, single story side by side five-unit buildings constructed in 1950 with a strong unit mix of 4 two-bedroom units and 6 one-bedroom units located on 17,323 sf of land. Half of the units have been renovated, and one unit will be delivered VACANT. There is also ample onsite uncovered parking along with 10 1-car garages providing potential for ADU conversions.
Contact Casey Lins at 714-333-6768 or Casey.Lins@kidder.com for additional information
1307-1311 E Peck is situated in close proximity to the 105 and 710 freeways offering convenient access to neighboring cities such as Los Angeles, Lynwood, South Gate, Gardena and Long Beach. Nearby tenant amenities include the Compton Town Center, Plaza Mexico, Compton Art & History Museum, and the Dominguez Rancho Adobe Museum.
The property is comprised of two, single story side by side five-unit buildings constructed in 1950 with a strong unit mix of 4 two-bedroom units and 6 one-bedroom units located on 17,323 sf of land. Half of the units have been renovated, and one unit will be delivered VACANT. There is also ample onsite uncovered parking along with 10 1-car garages providing potential for ADU conversions.
Contact Casey Lins at 714-333-6768 or Casey.Lins@kidder.com for additional information
Property Facts
| Price | $2,300,000 | Building Class | C |
| Price Per Unit | $230,000 | Lot Size | 0.40 AC |
| Sale Type | Investment | Building Size | 5,016 SF |
| Cap Rate | 6.50% | Average Occupancy | 90% |
| Gross Rent Multiplier | 10.03 | No. Stories | 1 |
| No. Units | 10 | Year Built | 1950 |
| Property Type | Multifamily | Parking Ratio | 0.6/1,000 SF |
| Property Subtype | Apartment | Cross Streets | Long Beach Blvd |
| Apartment Style | Low Rise | Opportunity Zone |
Yes
|
| Price | $2,300,000 |
| Price Per Unit | $230,000 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Gross Rent Multiplier | 10.03 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 5,016 SF |
| Average Occupancy | 90% |
| No. Stories | 1 |
| Year Built | 1950 |
| Parking Ratio | 0.6/1,000 SF |
| Cross Streets | Long Beach Blvd |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Heating
- Oven
- Tub/Shower
- Pantry
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,796 | - |
| 2+1 | 4 | $2,306 | - |
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Walk Score ®
Very Walkable (77)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,093,640 | |
| Land Assessment | $546,816 | Total Assessment | $1,640,456 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$546,816
Improvements Assessment
$1,093,640
Total Assessment
$1,640,456
zoning
| Zoning Code | COPRH |
| COPRH |
-
Casey Lins -
Kidder Mathews
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6.50% CAP | 10 Units | 17,323sf of Land | 1307-1311 E Peck St
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