$2,500,000
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Compton Blvd Compton, CA 90221
Other
Residence
16
Beds
15
Baths
...
Bed/Bath
10,209
Sq. Ft.
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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, t...he 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.
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MLS#
24-460525
Property Type
Other
Bedrooms
16
Bathrooms
Year Built
1963
Square Feet
10,209
sq. ft
Price per Sq. Ft.
$244.88
Lot Size
0.26
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