1307-1311 E Peck St - Apartments FOR SALE


Compton, CA 90221
$1,900,000 USD
213-225-7223
1307-1311 E Peck St, Compton, CA for Sale
$1,900,000 USD
Apartments - FOR SALE
1/9
null | 7.48% Cap Rate

1307-1311 E Peck St
Compton, CA 90221


OVERVIEW

We are pleased to present 1307-1311 E Peck, a 10-unit multifamily community located in Compton, that is priced at a 7.48% CAP and an 8.42 GRM on current rents with 3 units delivered vacant and upside to operate at an 8.36% CAP and a 7.80 GRM. 1307-1311 E Peck St is situated in close proximity to the 105 and 710 freeways offering convenient access to neighboring cities such as Los Angeles, Lynwood, South Gate, Gardena and Long Beach. Nearby tenant amenities include the Compton Town Center, Plaza Mexico, Compton Art & History Museum, and the Dominguez Rancho Adobe Museum. The property is comprised of two, single-story side-by-side five-unit buildings, totaling 5,016 rentable square feet, constructed in 1950 with a strong unit mix of four (4) two-bedroom units and six (6) one-bedroom units located on 17,323 square feet of land. Half of the units have been renovated, and three units will be delivered VACANT and renovated at closing: two 2BDs and one 1BD. There is also ample on-site uncovered parking along with ten (10) one-car garages providing potential for ADU conversions. Contact the listing broker for additional information.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$348 USD /SF

# OF UNITS

10

PRICE/UNIT

$190,000

CAP RATE

7.48%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,323 SF

ZONING

COPRH

APN/PARCEL ID

6167-030-022,6167-030-023

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.