$749,000
- Beds
- Unknown
- sq ft
- Unknown
8800 Compton Ave, Los Angeles, CA 90002
8800 Compton Ave
Los Angeles, CA 90002
- 29 days on market
- Price drop $36,000↓
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 10%+ 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.
Details
Property type
Apartment
Lot size
6,047 sq ft
Price per sq ft
Unknown
Year built
1926
Price History
11/04/2024
CRMLS #SB24218634
Price change
$749,000
-4.59%
10/22/2024
CRMLS #SB24218634
Listed
$785,000
Schools & Community
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 11/20/2024 at 2:30 AM
Listing updated: 11/04/2024 at 1:09 PM
Listed by: Vincent Cook, Kidder Mathews of California, Inc Phone #: (949) 557-5097
MLS: CRMLS #SB24218634
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