Property Details
About this Property
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 10%+ 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 Tortiller
MLS Listing Information
MLS #
CRSB24218634
MLS Source
California Regional MLS
Days on Site
30
Interior Features
Laundry
None
Cooling
None
Heating
Wall Furnace
Exterior Features
Roof
Shingle
Pool
None
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | 3 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
8800 Compton Ave is a Triplex in Los Angeles, CA 90002. This – square foot property sits on a 6,047 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $749,000 and was built in 1926. This address can also be written as 8800 Compton Ave, Los Angeles, CA 90002.
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This listing information is up-to-date as of November 04, 2024. For the most current information, please contact Vincent Cook, (213) 225-7222
