8800 Compton Avenue
$749,000
2
3
1,864
1,864
$402
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: 11/04/2024 05:02 AM
Property Details for 8800 Compton Avenue
Status | Active |
---|---|
MLS # | SB24218634 |
Days on Market | 30 |
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 |
---|
Date | Event & Source | Price |
---|
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.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.