Home | Los Angeles County | Compton | 90220 | 1024 W Reeve
MLS: CRRS26151216 | Status: Active | Price: $1,128,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 9,218 | 1955 |
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 uni
| Field | Value |
|---|---|
| MLS # | CRRS26151216 |
| MLS Source | California Regional MLS |
| Days on Site | 1 |
| Feature | Details |
|---|---|
| Kitchen | None |
| Flooring | Laminate |
| Laundry | None |
| Cooling | None |
| Heating | Wall Furnace |
| Feature | Details |
|---|---|
| Roof | Shingle |
| Pool | None |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 4 Car(s) |
Mark Perez
Circle Real Estate
License #: 01279393
Phone: –
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | 4 |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Longfellow Elementary School | public | K-8 | 0.10 mi | 5 |
| Laurel Street Elementary School | public | K-8 | 0.47 mi | 9 |
| Walton Middle School | public | 7-8 | 0.53 mi | 4 |
| Compton Community Day Middle School | public | 6-8 | 0.56 mi | N/A |
| Compton Community Day High School | public | 9-12 | 0.56 mi | N/A |
| Compton Virtual Academy | public | K-12 | 0.56 mi | N/A |
| Compton STEP | public | K-12 | 0.78 mi | N/A |
| Robert F. Kennedy Elementary School | public | K-8 | 0.79 mi | 7 |
| Bursch Elementary School | public | K-8 | 0.86 mi | 6 |
| Tibby Elementary School | public | K-8 | 0.94 mi | 8 |
| Davis Middle School | public | 6-8 | 1.05 mi | 9 |
| Compton Adult | public | UG | 1.08 mi | N/A |
| Enterprise Middle School | public | 6-8 | 1.09 mi | 6 |
| Ralph Bunche Elementary School | public | K-8 | 1.15 mi | 8 |
| Dickison Elementary School | public | K-8 | 1.18 mi | 8 |
| Washington Elementary School | public | K-8 | 1.33 mi | 4 |
| Rosecrans Elementary School | public | K-8 | 1.43 mi | 5 |
| McKinley Elementary School | public | K-8 | 1.50 mi | 6 |
| Ambler Avenue Elementary School | public | K-5 | 1.74 mi | 6 |
| Emerson Elementary School | public | K-8 | 1.76 mi | 5 |
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 316 N Maie Ave | $1,100,000 | – | – | – | Active |
| 436 W Magnolia St | $1,100,000 | – | – | – | |
| 223 S Aprilia Ave | $999,900 | – | – | – | PendingDoNotShow |
| 428 E Oaks | $975,000 | – | – | – | Active |
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This listing information is up-to-date as of July 23, 2026. For the most current information, please contact Mark Perez.