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8102 Compton Ave

Los Angeles, CA 90001
  • $2,725,000
  • STATUS: Active
  • ON SITE: 55 Days
  • MLS #: 21-794498
UPDATED: 35 min ago
$2,725,000
  • 24
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,040
    SQFT
  • $387
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1956
County:

School Ratings & Info

Description

Great cash flow 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). This property is subject to LA County regulations and not LA City, therefore, it is subject to CA State Rent Control (AB 1482) of 8% annual rent increases, instead of LA City's 4% (Buyer to verify), which will help the next owner capture the rental upside quicker. 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 5.20% cap rate with an additional 35%+ rental upside remaining for the next owner. 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. Run your numbers on this property and you will be ecstatic about acquiring this opportunity!

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-08T14:45:11.63. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/122334434
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8102 Compton Ave Los Angeles, CA 90001

  • Price: $2,725,000
  • Status: Active
  • On Site: 55 Days
  • Updated: 35 min ago
  • MLS #: 21-794498
24
Beds
0
Baths
0
½ Baths
0.18
Acres
7,040
SQFT
$387
$/SQFT
1956
Built
Neighborhood:
Metropolitan South
County:
Los Angeles
Area:
Metropolitan South
Property Description
Great cash flow 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). This property is subject to LA County regulations and not LA City, therefore, it is subject to CA State Rent Control (AB 1482) of 8% annual rent increases, instead of LA City's 4% (Buyer to verify), which will help the next owner capture the rental upside quicker. 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 5.20% cap rate with an additional 35%+ rental upside remaining for the next owner. 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. Run your numbers on this property and you will be ecstatic about acquiring this opportunity!
Exterior Features

Lot Size Area 7863 Other Structures None Parking Garage Assigned Total Parking 12

Interior Features

Baths Total 12.00 Cooling None Equipment None Heating Wall

Property Features

Assessed Total Value 832320 Gross Income 200880 Gross Operating Income 194854 Inclusions 8102 Compton Ave (6 Units) & 8104 Compton Ave (6 Units) - 2 Parcels Being Sold Together For 12 Units Total Like Units1 12 Net Operating Income 141472.00 Number Of Buildings 2 Number Of Units 12 Owner Pays WaterGardener Rent Control YN Yes Sale Type Standard Source Living Area Title Company Source Lot Size Area Assessor Tenant Pays GasElectricity Total Annual Expense 53381 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lcc3*

Listing provided courtesy of Jonathan Rawson DRE# of Dcdh Investments, Inc..


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-08T14:45:11.63. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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The John Jay Group - Bennion Deville Homes
74996 Highway 111
Indian Wells CA, 92210