1024 W Reeve, Compton, California 90220

Excellent investment opportunity in Compton! 1024 W. Reeve St. is a four-unit residential income property featuring two 3-bedroom, 1-bath units and two 2-bedroom, 1-bath units. The property is being delivered 100% vacant and rent-ready, allowing the new owner to immediately lease the units, select their own tenants, and establish new rental income. Based on projected Section 8 rents of $3, 098 per month for each 3-bedroom unit and $2, 490 per month for each 2-bedroom unit, the property has the potential to generate approximately $11, 176 in gross monthly rental income and $134, 112 in gross annual rental income. Using estimated operating expenses of 25% of gross rental income ($33, 528 annually), the property has a projected Net Operating Income (NOI) of approximately $100, 584 per year. Offered at $1, 128, 000, the property provides an estimated 8.9% capitalization rate based on projected rents and estimated operating expenses of 25%, presenting a compelling opportunity for investors seeking strong income potential and long-term cash flow. Cap rate %8.9 Conveniently located near shopping, schools, public transportation, and major freeways. With all four units delivered vacant and rent-ready, the property offers an investor the opportunity to immediately begin leasing the units and maximizing its income potential.