2201 E Compton Boulevard
Compton, CA 90221
10209 sqft | 16 beds | 0.26 acres | #24460525
Description
We are pleased to offer 2201 E Compton Blvd, a 15-unit multifamily property in the city of Compton, CA. This two-story, secured, and gated courtyard-style building offers a strong unit mix, comprised of fourteen (14) one-bedroom/one-bath units and one (1) two-bedroom/one-bath units. Built in 1963, the property boasts 10,209 rentable square feet on an 11,297 square foot lot with 14 single-car garages for tenant convenience. Additionally, the property falls under AB-1482, California's statewide rent control, allowing annual increases of 5% plus CPI. Currently, the property operates with no subsidized tenants and offers 25% rental upside potential without the need for any subsidy programs. However, additional upside can be realized by tapping into subsidies like the Housing Choice Voucher (HCV) Program, with maximum voucher amounts reaching $1,921 for 1-bedroom units and $2,222 for 2-bedroom units, while ensuring smooth rent collection. Whether you choose to maintain the property's current operations or tap into subsidy programs to maximize returns while streamlining rent collection, this asset presents an opportunity to acquire a well position property in one of Compton's most densely populated areas with significant upside and long-term growth.
Interior Details
- Bedrooms16
Property Details
- Stories2
Measurements
- Acres0.2594
- Square Feet10209
Parking
- Parking Spaces14
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1963
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$2,500,000
Other
- MLS #24460525
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Kamfar Kyle Mirrafati (#CLW-C125469)
Listing Office: Matthews Real Estate Investment Services (#CLW-X81530)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
