1024 W Reeve, Compton, CA 90220
1024 W Reeve, Compton, CA 90220
1024 W Reeve, Compton, CA 90220
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$1,128,000
Est. payment /mo
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10 Beds
4 Baths
9,218 Sqft Lot
New

1024 W Reeve Compton, CA 90220

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Mike Acker

Mike Acker

+1(619) 454-0620

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID RS26151216

Bedrooms 10

Lot Size 9,218 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Excellent investment opportunity in Compton! 1024 W. Reeve St. is a four-unit residential income property featuring two 3-bedroom, 1-bath units and two 2-bedroom, 1-bath units. The property is being delivered 100% vacant and rent-ready, allowing the new owner to immediately lease the units, select their own tenants, and establish new rental income. Based on projected Section 8 rents of $3,098 per month for each 3-bedroom unit and $2,490 per month for each 2-bedroom unit, the property has the potential to generate approximately $11,176 in gross monthly rental income and $134,112 in gross annual rental income. Using estimated operating expenses of 25% of gross rental income ($33,528 annually), the property has a projected Net Operating Income (NOI) of approximately $100,584 per year. Offered at $1,128,000, the property provides an estimated 8.9% capitalization rate based on projected rents and estimated operating expenses of 25%, presenting a compelling opportunity for investors seeking strong income potential and long-term cash flow. Cap rate %8.9 Conveniently located near shopping, schools, public transportation, and major freeways. With all four units delivered vacant and rent-ready, the property offers an investor the opportunity to immediately begin leasing the units and maximizing its income potential.

Location

State CA

County Los Angeles

Zoning Estimated

Direction Alondra Blvd/ Wilmington Blvd

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 6141012051

MLS Router / San Diego MLS
Listed by Mark Perez, DRE#01279393 Circle Real Estate 

NEARBY SCHOOL & BUSINESS

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Mike Acker

Mike Acker

Agent | License ID: 01356721

+1(619) 454-0620

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1024 W Reeve

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