1000 N Sloan Ave - Multi-Family FOR SALE


Compton, CA 90221- Downtown Compton | 
$1,750,000 USD
310-562-9630
1000 N Sloan Ave, Compton, CA for Sale
$1,750,000 USD
Multi-Family - FOR SALE
1/24
null | 7.54% Cap Rate

1000 N Sloan Ave
Compton, CA 90221
Downtown Compton


HIGHLIGHTS

  • 60% VACANT 10 unit investment opportunity on 2 parcels with a shared driveway & 18 parking spaces in Compton near Rosecrans and Long Beach Blvd!
  • Property is in overall good condition. Units have been kept vacant by the long term owners due to a death in the family. Offered as part of a larger
  • 6 units already remodeled with newer appliances, flooring, paint & wall A/C units (some are occupied)
  • 8 carports available for tenants provided upside through potential rear ADU additions (Buyer to verify)
  • Buyer to assume responsibility for completing the City of Compton Presale Inspection Report repairs (including permits) after the close of escrow.
  • SB721 Balcony Inspection Reports available for review.

OVERVIEW

Unique value add deal being sold by long term owners as part of a large portfolio sale. The property is currently 60% vacant, but full of upside. Vacant units have not been advertised for rent due to a death in the family, and an experienced operator could do very well with this property. This 10 unit is sits on 2 separate parcels with a shared driveway. With 6 units currently vacant, the property is primed for rapid repositioning and lease at market rents. 6 units have already been remodeled, giving a strong head start on interior upgrades. There are 6 carports under the rear 2 units, and 8 open parking spaces in front. Significant upside remains with potential for rear ADU additions. Located near Rosecrans and Long Beach Blvd, near daily conveniences including Subway, Wingstop, Little Caesars, La Michoacana, Mc Donalds, and T-Mobile. Just 2 blocks from Lueders Park Community Center. Located between the Compton Town Center on Alameda and the Northgate Market on Atlantic. A rare Compton value-add deal where the property is in good condition and the Buyer can choose their own tenants.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$310 USD /SF

# OF UNITS

10

PRICE/UNIT

$175,000

CAP RATE

7.54%

% LEASED

40%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

60% VACANT! 10 Units on 2 Parcels in Compton!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

14,138 SF

ZONING

COPRH*

APN/PARCEL ID

6178-017-036,6178-017-037

ASK ABOUT THIS PROPERTY

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