$ 695,000
8800 Compton Avenue Los Angeles, CA 90002
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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Listed by Vincent Cook • Kidder Mathews of California, Inc
$ 695,000
Est. payment /mo
New
8800 Compton Avenue Los Angeles, CA 90002
1,864 SqFt
UPDATED:
11/25/2024 06:19 PM
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 10%+ 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
Garage 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