519 E Oaks St - Apartments FOR SALE


Compton, CA 90221
$725,000 USD
213-747-4151
519 E Oaks St, Compton, CA for Sale
$725,000 USD
Apartments - FOR SALE
1/13
null | 6.93% Cap Rate

519 E Oaks St
Compton, CA 90221


HIGHLIGHTS

  • 3 Stand Alone Buildings on 21,780 SF of Land
  • Potential to Occupy One For a Home Office and Rent Out Two For Income
  • Legal Non-Conforming Use is a Triplex (All 2-Bedroom Units)
  • Just West of Santa Fe Ave 3 Blocks North of Rosecrans Ave
  • 1-Mile South of Century (105) Freeway

OVERVIEW

Price reduced! Seller motivated! Apartment investment opportunity. 3 stand-alone buildings: 2,220 sq.ft. home office on 21,780± sq.ft. of contractor’s yard land. Ideal to occupy one of the buildings for a home office for a contractor business. Rent out the other two buildings for investment income. Legal non-conforming use is currently a triplex with three 2-bedroom residential units. $4,840 current below market monthly income (month-to-month tenancy). $50,274 pro forma NOI with 6.93% cap rate. Located just west of Santa Fe Avenue and 3 blocks north of Rosecrans Avenue. One mile south of the Century (105) Freeway. Zoning code 30-14.4 may allow: Accessory storage of automobiles (in operating condition); building materials (excluding rock, gravel, and sand storage in excess of 2,000 tons); equipment, lumber, pipe, wood, cabinet and carpentry shops; carpet cleaning; pest control operator.

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$191 USD /SF

# OF UNITS

3

PRICE/UNIT

$241,667

CAP RATE

6.93%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Compton Investment With Below Market Rent

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

COML-B*

APN/PARCEL ID

6169-031-008

ASK ABOUT THIS PROPERTY

Jeff LusterMajor PropertiesMore Info
213-747-4151

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Jeff LusterMajor PropertiesMore Info
213-747-4151

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