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$695,000
62 Days On Site

8800 Compton Avenue
Los Angeles, CA 90002

For Sale|Apartment|Active
0
Beds
0
Full Baths
0
Partial Baths
1,864
SqFt
$373
/SqFt
1926
Built
County:
Los Angeles
Listed by Vincent Cook of Kidder Mathews of California, Inc [email protected]

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8800 Compton Avenue8800 Compton Avenue8800 Compton Avenue8800 Compton Avenue
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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 Café, Playa Azul Tortilleria and Market, Birrieria Jalisco and Norteno Bar and Grill.

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Listing Snapshot
Price 
$695,000
Days On Site 
62 Days
Bedrooms 
N/A
Inside Area (SqFt) 
1,864 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1388 Acres
Year Built 
1926
MLS® Number 
SB24218634
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 weeks agoPrice changed to $695,000
4 weeks agoListing updated with changes from the MLS®
2 months agoStatus changed to Active
2 months agoListing first seen on site
General Features
Acres 
0.1388
Number Of Stories 
1
Property Sub Type 
Apartment
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
1864
Stories 
One
Utilities 
Electricity AvailableNatural Gas AvailableSewer Connected
Water Source 
Public
Zoning 
LCC3*
Interior Features
Fireplace Features 
None
Heating 
Wall Furnace
Laundry Features 
None
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Exterior Features
Construction Details 
Stucco
Pool Features 
None
Roof 
Shingle
Spa Features 
None
View 
None
Waterview 
None
Community Features
Building Access 
First Level
Financing Terms Available 
Cash1031 Exchange
MLS Area 
WATT - Watts


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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