8800 Compton AVE, Los Angeles, CA 90002 – SB24218634

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Sylvia Lange

sylvia@sylvialange.com +1(619) 226-6622

$ 695,000

Est. payment -/mo

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Price Dropped by $54K

8800 Compton AVE Los Angeles, CA 90002

6,046 Sqft Lot

UPDATED:

12/05/2024 03:28 AM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB24218634

HOA Y/N No

Year Built 1926

Lot Size 6,046 Sqft

Property Description

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 12%+ 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 Tortilleria and Market, Birrieria Jalisco and Norteno Bar and Grill.

Location

State CA

County Los Angeles

Area Watt - Watts

Zoning LCC3*

Interior

Heating Wall Furnace

Cooling None

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Parking Features Uncovered

Pool None

Community Features Urban

Utilities Available Electricity Available, Natural Gas Available, Sewer Connected

View Y/N No

View None

Roof Type Shingle

Accessibility Other

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 6044004001

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

Listed by Vincent Cook • Kidder Mathews of California, Inc • 310-405-3654

Sylvia Lange

Agent | License ID: 02022390

+1(619) 226-6622

Sylvia Lange

8800 Compton AVE Los Angeles, CA 90002

Key Details

Location

Interior

Exterior

Building

Others

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8800 Compton AVE