1024 W Reeve Compton, CA 90220
9,217 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID RS26151216
HOA Y/N No
Year Built 1955
Lot Size 9,217 Sqft
Property Sub-Type Quadruplex
Property Description
Based on projected Section 8 rents of $3,098 per month for each 3-bedroom unit and $2,490 per month for each 2-bedroom unit, the property has the potential to generate approximately $11,176 in gross monthly rental income and $134,112 in gross annual rental income.
Using estimated operating expenses of 25% of gross rental income ($33,528 annually), the property has a projected Net Operating Income (NOI) of approximately $100,584 per year.
Offered at $1,128,000, the property provides an estimated 8.9% capitalization rate based on projected rents and estimated operating expenses of 25%, presenting a compelling opportunity for investors seeking strong income potential and long-term cash flow. Cap rate %8.9
Conveniently located near shopping, schools, public transportation, and major freeways. With all four units delivered vacant and rent-ready, the property offers an investor the opportunity to immediately begin leasing the units and maximizing its income potential.
Location
State CA
County Los Angeles
Area Rp - Compton S Of Rosecrans, E Of Central, W Of Ala
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate, Vinyl
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Garage Spaces 4.0
Garage Description 4.0
Fence Wrought Iron
Pool None
Community Features Urban
View Y/N No
View None
Roof Type Shingle
Accessibility None
Total Parking Spaces 8
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6141012051
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard
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