2201 East Compton Boulevard
$2,500,000
16
15
10,209
10,209
$245
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.
- 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 Number6183018029
Total Units15.0
Living Area10209
Source Living AreaAssessor
AreaCompton S of Rosecrans, E of Alameda (RO)
Vacancy Rate0
Lot Size Area11300
LISTING UPDATED: 11/20/2024 12:01 AM
Property Details for 2201 East Compton Boulevard
Status | Active |
---|---|
MLS # | 24-460525 |
Days on Market | 21 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1963 |
Lot Size | 0.26 AC / 11,300 SF |
County | Los 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
Property History for 2201 East Compton Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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