8102 Compton Avenue
8102 Compton Avenue Los Angeles, California 90001 United States

$2,725,000
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Great investment opportunity in South LA to take advantage of these historically low interest rates & high LTV's. 8102-8104 Compton Ave is a 12 unit apartment complex with (2) side by side identical 6 unit properties/parcels being sold together....
$2,725,000
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.18 Acres
Exterior
Residential Income
Property type
1956
Year Built
21794498
Web Id
21794498
MLS ID
Los Angeles Unified
School District
12
days ago

About 8102 Compton Avenue

Great investment opportunity in South LA to take advantage of these historically low interest rates & high LTV's. 8102-8104 Compton Ave is a 12 unit apartment complex with (2) side by side identical 6 unit properties/parcels being sold together. Built in 1956, all 12 units are 2 Bedroom/1 Bath (24 beds & 12 baths total), and the units have been recently upgraded including copper plumbing throughout & new vinyl windows. This easy to manage building has low operating costs as it's separately metered for gas & electricity, and trash is included in the annual property taxes (Garbage Disposal District). Tenants enjoy the benefit of on-site parking spaces, along with the entire perimeter being gated for secured entry for safety. Additionally, it is located directly next door to LAFD Station #16. Currently grossing $200,800 per year in rents, the property features a legitimate in-place 5% cap rate with an additional 35%+ rental upside remaining for the next owner to get it to a 7.25% cap rate. This property is transit oriented as it's a quick walk and 1/2 mile away from the Firestone/Graham Metro Station. Conveniently located in the middle of the 110, 105, 710 & 10 freeways, tenants can enjoy the perks of the resurged Downtown LA & Exposition Park districts. This clean building with steady in place cash flow & rental upside is rare and won't last long.

Listing Courtesy of Jonathan Rawson, DCDH Investments, Inc., 02010400, Active

features

cooling
Propane Heating

PROPERTY INFORMATION

Heating
Wall Furnace
Parking Description
Assigned

ADDITIONAL INFORMATION

Number of Units
12
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