8800 Compton Avenue
$785,000
2
3
1,864
1,864
$421
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 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....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.
- Listed by Vincent Cook • DRE #02012324 • Brokerage DRE #01946490 • Kidder Mathews of California, Inc • 310-405-3654
Property Details for 8800 Compton Avenue
View
None
Parking Spaces Total0
Private PoolNo
Cooling TypeN/K
Total Units3.0
Building TypeAttached
Lot Size SourceAssessor
Living Area1864
LISTING UPDATED: 10/23/2024 04:49 AM
Property Details for 8800 Compton Avenue
Status | Active |
---|---|
MLS # | SB24218634 |
Days on Market | 9 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1926 |
County | Los Angeles County |
Building Information for 8800 Compton Avenue
Building/Complex8800 Compton AveFloor-Stories1Residences-Pet Policy-Year Built1926Building Size-
Property Information for 8800 Compton Avenue
Property History for 8800 Compton Avenue
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 8800 Compton Avenue
Taxable ValueLand$33,828Additions$85,609Total$119,437
Tax Record2024$2,310 ($193 / month)
Home Facts
Total Finished SqFt1,864 SqFtAbove Grade Finished SqFt1,864 SqFtStories1Lot Size6,047 SqFtStyleReligiousYear Built1926ZoningLCC3*CountyLOS ANGELESAPN6044-004-001
Schools near 8800 Compton Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Judith F. Baca Arts Academy PublicK to 6 | ||
Charles Drew Middle School Public7 to 8 | ||
University Pathways Public Service Academy Public9 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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