1230 S Wilmington Ave - Apartments FOR SALE


Compton, CA 90220- Richland Farms
$995,000 USD
213-225-7223
1230 S Wilmington Ave, Compton, CA for Sale
$995,000 USD
Apartments - FOR SALE
1/55
null | 5.17% Cap Rate

1230 S Wilmington Ave
Compton, CA 90220
Richland Farms


OVERVIEW

We are pleased to present 1230 S. Wilmington Avenue, a rare opportunity to acquire a two-home compound in Compton that will be delivered 100% VACANT! The property features two stand-alone residences on a massive 18,945 SF COR3YY-zoned mid-block lot, boasting an exceptional 154-foot frontage. Each home is separately metered for gas, electricity, and water, and both offer generous onsite parking and usable outdoor space. The expansive lot size and favorable configuration support a wide range of investment strategies for investors, developers, and owner-users alike. For owner-users, the property provides an ideal multigenerational living setup, occupy one home while a family member or tenant resides in the other. The oversized lot can also accommodate numerous personal vehicles, work trucks, or equipment storage. With nearly 19,000 square feet of land, the property presents multiple development pathways (buyer to verify), including the addition of ADUs, subdivision, or a larger-scale affordable housing project. Zoning and lot size may also allow the parcel to be split into multiple lots. The property is located just south of Compton/Woodley Airport and offers excellent regional connectivity with close proximity to the 91, 110, and 710 Freeways. Nearby amenities include Compton Town Center, Plaza Mexico, the Compton Art & History Museum, and the Dominguez Rancho Adobe Museum. Contact the listing broker for additional information.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$651 USD /SF

# OF UNITS

2

PRICE/UNIT

$497,500

CAP RATE

5.17%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2 Homes | 18,945sf of Land!

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1926

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,945 SF

ZONING

COR3YY

APN/PARCEL ID

6162-003-021

ASK ABOUT THIS PROPERTY

Casey LinsKidder MathewsMore Info
213-225-7223

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Casey LinsKidder MathewsMore Info
213-225-7223

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.