tomo logo

$2,500,000

Beds
16
sq ft
10,209

2201 E Compton Blvd, Compton, CA 90221

2201 E Compton Blvd

Compton, CA 90221

  • 40 days on market
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.

Details

Property type

Lot size

0.2594 acres

Price per sq ft

$245

Year built

1963

HOA

No

Price History

11/12/2024
CLAW

CLAW #24460525

Listed
$2,500,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 12/22/2024 at 10:50 PM

Listing updated: 12/05/2024 at 3:00 AM

Listed by: Kamfar Kyle Mirrafati, Matthews Real Estate Investment Services Phone #: (866) 889-0550

MLS: CLAW #24460525

CLAW logo

Recently listed in Compton

$550,000|3 bd|2.0 ba|House
$730,000|3 bd|2.0 ba|House
$670,000|3 bd|1.5 ba|House
$747,000|4 bd|2.0 ba|House
$595,000|3 bd|1.5 ba|House
$849,000|3 bd|2.5 ba|House
$590,000|2 bd|2.0 ba|House
$719,000|4 bd|3.0 ba|House