Homes for sale - 2201 E Compton BLVD, Compton, CA 90221

Tony English

Broker | License ID: 01363194

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$ 2,280,000

$ 2,500,000 8.8%

Est. payment | -/mo

16 Beds

15 Baths

10,209 SqFt

$ 2,280,000

$ 2,500,000 8.8%

Est. payment | -/mo

16 Beds

15 Baths

10,209 SqFt

Key Details

Sold Price $2,280,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 10,209 sqft

Price per Sqft $223

MLS Listing ID 24460525

Sold Date 01/10/25

Bedrooms 16

HOA Y/N No

Year Built 1963

Lot Size 0.259 Acres

Property Description

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, the 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.

Location

State CA

County Los Angeles

Area Ro - Compton S Of Rosecrans, E Of Alameda

Zoning CORL*

Interior

Fireplace No

Laundry None

Exterior

Parking Features Assigned, Door-Single, Garage

Garage Spaces 14.0

Garage Description 14.0

Total Parking Spaces 14

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 6183018029

Special Listing Condition Standard

Listed by Kamfar Kyle Mirrafati • Matthews Real Estate Investment Services
Bought with Kamfar Kyle Mirrafati • Matthews Real Estate Investment Services

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 463-1085

tonyenglish@me.com

28391 Sheridan Dr, Niguel, California, 92677, United States

2201 E Compton BLVD Compton, CA 90221

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Key Details

Location

Interior

Exterior

Building

Others

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2201 E Compton BLVD