2201 Compton Boulevard, Compton, CA 90221
  • MLS#: 24460525 ( )
  • Street Address: 2201 Compton Boulevard
  • Viewed: 2
  • Price: $2,500,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1963
  • Bldg sqft: 0
  • Days On Market: 3
  • Additional Information
  • County: LOS ANGELES
  • City: Compton
  • Zipcode: 90221
  • Provided by: Matthews Real Estate Investment Services
  • Contact: Kamfar Kyle Kamfar Kyle
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Building Area Total
  1. 10209.00
Country
  1. US
Garage Spaces
  1. 14.00
Laundry Features
  1. None
Levels
  1. Two
Netoperatingincome
  1. 148762.00
Parcel Number
  1. 6183018029
Parking Features
  1. Assigned
  2. Garage - Single Door
Postalcodeplus4
  1. 3555
Sourcesystemkey
  1. 24-460525:CLAW
Totalexpenses
  1. 99462.00
Year Built
  1. 1963
Zoning
  1. CORL*