8800 Compton Avenue, Los Angeles, California 90002
- $695,000
- $749,000
- $695,000
- $749,000
Overview
- Apartment, Residential Income
- 1864 Sqft
- 1926
Description
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.
Address
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Address: 8800 Compton Avenue
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City: Los Angeles
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State/county: CA
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Zip/Postal Code: 90002
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Country: US
Details
Updated on January 25, 2025 at 2:27 am-
Property ID SB24218634
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Price $695,000
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Property Size 1864 Sqft
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Land Area 0.1388 Acres
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Year Built 1926
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Property Type Apartment, Residential Income
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Property Status Closed
Additional details
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Listing Terms Cash, Cash to New Loan, 1031 Exchange
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Roof Shingle
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Utilities Electricity Available, Natural Gas Available, Sewer Connected
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Sewer Public Sewer
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Cooling None
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Heating Wall Furnace
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County Los Angeles
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Property Type Residential Income
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Pool None
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Parking Uncovered
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Community Features Urban
Mortgage Calculator
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