8800 Compton Avenue, Los Angeles, California 90002
  • $695,000
  • $749,000

Overview

Property ID: SB24218634
  • Apartment, Residential Income
  • Property Type
  • 1864 Sqft
  • Area Size
  • 1926
  • Year Built

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: 8800 Compton Avenue
  • City: Los Angeles
  • State/county: CA
  • Zip/Postal Code: 90002
  • Country: US

Details

Updated on January 25, 2025 at 2:27 am
  • Property ID SB24218634
  • Price $695,000
  • Property Size 1864 Sqft
  • Land Area 0.1388 Acres
  • Year Built 1926
  • Property Type Apartment, Residential Income
  • Property Status Closed

Additional details

  • Listing Terms Cash, Cash to New Loan, 1031 Exchange
  • Roof Shingle
  • Utilities Electricity Available, Natural Gas Available, Sewer Connected
  • Sewer Public Sewer
  • Cooling None
  • Heating Wall Furnace
  • County Los Angeles
  • Property Type Residential Income
  • Pool None
  • Parking Uncovered
  • Community Features Urban

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