8800 Compton Ave
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8800 Compton Ave
3 Unit Apartment Building $695,000 ($231,667/Unit) 12.17% Cap Rate Los Angeles, CA 90002
Executive Summary
We are pleased to present 8800 Compton Ave, a rare FULLY VACANT property in Los Angeles consisting of 2 one-bedroom units + 1 commercial structure that is primed for an ADU conversion into 2 additional units with the potential to operate at a 12%+ CAP rate.
Built in 1926, this opportunity consists of two separate structures totaling 1,864 rentable square feet that is situated on a 6,047 square foot, LCC3 zoned corner lot, with street frontage off of Compton Ave & E 88th St as well as with alley access. The unit mix consists of 2 one-bedroom units located in front duplex with a rear commercial building that was previously used as a church.
Being delivered 100% vacant presents the next investor a unique opportunity to immediately reposition the property, and either re-rent the commercial unit to a new user or add density by converting the structure to 2 ADUs with 2 one-bedroom units, while ultimately providing flexibility for determining unit rehab finishes and new tenant selection to stabilize the property at market rents.
8800 Compton Ave is situated in a transit-oriented location near numerous bus stops and the Firestone Light Rail Station, as well as a number of community establishments such as Raul’s Market, Mercardo Don Juan, Rudy’s Baker, Nadeau Café, Playa Azul Tortilleria and Market, Birrieria Jalisco and Norteno Bar and Grill.
Contact Vince Cook at 310-405-3654 or Vincent.Cook@kidder.com for additional information.
Built in 1926, this opportunity consists of two separate structures totaling 1,864 rentable square feet that is situated on a 6,047 square foot, LCC3 zoned corner lot, with street frontage off of Compton Ave & E 88th St as well as with alley access. The unit mix consists of 2 one-bedroom units located in front duplex with a rear commercial building that was previously used as a church.
Being delivered 100% vacant presents the next investor a unique opportunity to immediately reposition the property, and either re-rent the commercial unit to a new user or add density by converting the structure to 2 ADUs with 2 one-bedroom units, while ultimately providing flexibility for determining unit rehab finishes and new tenant selection to stabilize the property at market rents.
8800 Compton Ave is situated in a transit-oriented location near numerous bus stops and the Firestone Light Rail Station, as well as a number of community establishments such as Raul’s Market, Mercardo Don Juan, Rudy’s Baker, Nadeau Café, Playa Azul Tortilleria and Market, Birrieria Jalisco and Norteno Bar and Grill.
Contact Vince Cook at 310-405-3654 or Vincent.Cook@kidder.com for additional information.
Property Facts
| Price | $695,000 | Building Class | C |
| Price Per Unit | $231,667 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 1,864 SF |
| Cap Rate | 12.17% | Average Occupancy | 0% |
| Gross Rent Multiplier | 6.3 | No. Stories | 1 |
| No. Units | 3 | Year Built | 1926 |
| Property Type | Multifamily | Parking Ratio | 1.61/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden |
| Price | $695,000 |
| Price Per Unit | $231,667 |
| Sale Type | Investment |
| Cap Rate | 12.17% |
| Gross Rent Multiplier | 6.3 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 1,864 SF |
| Average Occupancy | 0% |
| No. Stories | 1 |
| Year Built | 1926 |
| Parking Ratio | 1.61/1,000 SF |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $2,300 | - |
| Studios | 1 | $2,300 | - |
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PROPERTY TAXES
| Parcel Number | 6044-004-001 | Improvements Assessment | $85,609 |
| Land Assessment | $33,828 | Total Assessment | $119,437 |
PROPERTY TAXES
Parcel Number
6044-004-001
Land Assessment
$33,828
Improvements Assessment
$85,609
Total Assessment
$119,437
zoning
| Zoning Code | LCC3 (Church) |
| LCC3 (Church) |
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Casey Lins -
Vincent Cook -
Kidder Mathews
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8800 Compton Ave
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