8800 Compton Avenue Active

Los Angeles,CA 90002

$ 695000

- Bed

0 Bath

1864 SqFt


Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 1,864 sqft

Price per Sqft $372

MLS Listing ID SB-24218634

Year Built 1926

Lot Size 6,047 Sqft

Property 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 12%+ 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 Cafe, Playa Azul Tortilleria and Market, Birrieria Jalisco and Norteno Bar and Grill.

Location

State CA

County Los Angeles

Zoning LCC3*

Interior

Heating Wall Furnace

Cooling None

Fireplaces Type None

Laundry None

Exterior

Parking Features Uncovered

Pool None

Community Features Urban

Utilities Available Sewer Connected,Other,Electricity Available,Natural Gas Available

View Y/N No

View None

Building

Lot Description 2-5 Units/Acre

Sewer Public Sewer

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