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$695,000
2 bed
3 bath
0 Sqft
6,047 Sqft lot

8800 Compton Avenue, Los Angeles, California 90002

  • Residential Income Property Type
  • 65 Days Time on market
  • 1926 Year Built
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.

Basic Details
Residential Income
Buy
SB24218634
$695,000
2
3
0 Sqft
1926
6,047 Sqft
Active
Apartment
Houses
Features
: Wall Furnace
: Urban
0
$0
: Shingle
: Public Sewer
Address
CA
Los Angeles
Los Angeles
90002
8800 Compton Avenue
8800
Avenue
0
W119° 45' 10.8''
N33° 57' 25.7''
Additional Information
65
1
1
1
: One
1
0
1,864 Sqft
1
0 Sqft
0 Sqft
0.14 Sqft
6,047 Sqft
1
: End Unit
0 Sqft
LCC3*
6044004001
$0
$0
$0
$0
$0
$0
0 Sqft
1
0 Sqft
$0
1
22/10/2024 07:06:29
$749,000
: Standard
Cash,AllFinancingConsidered,AllFinancingConsidered
Head East on Firestone Blvd, South on Compton Ave, East on E 88th St.
Kidder Mathews of California, Inc
Vincent Cook
SB1358140
SBCOOKVIN
: Other
$0
10.63
: Stucco
43
: Standard
1
: Acreage
1
: Electricity Available, Natural Gas Available, Sewer Connected
1
: Square Feet
: Condominium
yes
1
2
3
3
1
3
1
126
0
US-06037-N-6044004001-R-N
Apartment
04/12/2024 23:38:52
Compton
WATT - Watts
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