2201 East Compton Boulevard

Compton, CA 90221

$2,500,000
Price
16
Beds
15
Baths
10,209 Sq. Ft.
$245 / Sq. Ft.
10,209
Sq. Ft.
$245
per Sq. Ft.

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...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.
  1. Listed by Kamfar Kyle Mirrafati • DRE #01911204 • Brokerage DRE #01469842 • Matthews Real Estate Investment Services

Property Details for 2201 East Compton Boulevard

Zoning
CORL*
Parcel Number
6183018029
Total Units
15.0
Living Area
10209
Source Living Area
Assessor
Area
Compton S of Rosecrans, E of Alameda (RO)
Vacancy Rate
0
Lot Size Area
11300
LISTING UPDATED: 11/20/2024 12:01 AM

Property Details for 2201 East Compton Boulevard

StatusActive
MLS #24-460525
Days on Market21
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.26 AC / 11,300 SF
CountyLos Angeles County

Building Information for 2201 East Compton Boulevard

Stories2Residences-Year Built1963Building Size-Lot Size0.26 AC / 11,300 SF

Property Information for 2201 East Compton Boulevard

Community / Development
Community / Development
  • Number Of Units: 15
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $248,230
  • Net Operating Income: $148,762.00
  • Gross Income: $255,412
  • Cap Rate: 5.95%
  • Gross Rent Multiplier: $9.77
  • Total Annual Expense: 99462
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2594
  • Lot Size Square Feet: 11300
Parking Details
Parking Details
  • Parking Garage: Assigned, Garage - 1 Car
  • Total Parking: 14
  • Garage Spaces Total: 14
  • Parking Features: Assigned, Garage - Single Door
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Wall Unit(s)
  • Heating Type: Wall Electric
  • Equipment: Other
  • Common Walls: Attached
  • Laundry: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-12-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,415.00
  • Unit Actual Rent: $19,816.00
  • Unit Projected Rent: $24,500.00
  • Like Units: 14
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,468.00
  • Unit Actual Rent: $1,468.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,681,885.00
  • Assessed Improvement Percent: 69.57
  • Assessed Land Value: $735,824.00
  • Assessed Land Percent: 30.43
  • Assessed Total Value: $2,417,709.00

Property History for 2201 East Compton Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2201 East Compton Boulevard

Taxable ValueLand$750,540Additions$1,717,412Total$2,467,952
Tax Record2024$44,421 ($3,702 / month)
Home Facts
Total Finished SqFt10,209 SqFtAbove Grade Finished SqFt10,209 SqFtLot Size11,297 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningCORL*CountyLOS ANGELESAPN6183-018-029

Schools near 2201 East Compton Boulevard

This home is within Compton Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 6 to 8
Public - 9 to 12
Charter - K to 12
Rating
School
Distance
Roosevelt Elementary School
PublicK to 8

Whaley Middle School
Public6 to 8

Dominguez High School
Public9 to 12

Lifeline Education Charter School
CharterK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2201 East Compton Boulevard is a multi-family home for sale in Compton, CA 90221. This property was listed for sale on November 12, 2024 by Matthews Real Estate Investment Services, it's currently listed at $2,500,000. This listing's school district is Compton Unified School District. Nearby schools include Roosevelt Elementary School, Whaley Middle School and Dominguez High School. 2201 East Compton Boulevard is a 16-bed, 15-bath, 10,209 sqft multi-family home built in 1963.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Matthews Real Estate Investment Services, Kamfar Kyle Mirrafati, DRE #01911204

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.