CA > Compton
Compton, CA 90221,2201 E Compton Blvd
Compton, CA 90221,2201 E Compton Blvd
Compton, CA 90221,2201 E Compton Blvd
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$2,500,000
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16 BD
15 BA
10,209 SqFt
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2201 E Compton Blvd Compton, CA 90221

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Nikki Bonifatto

Nikki Bonifatto

+1(702) 467-7343

UPDATED:

11/12/2024 08:01 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,209 sqft

Price per Sqft $244

MLS Listing ID 24-460525

Bedrooms 16

Year Built 1963

Lot Size 0.259 Acres

Acres 0.2594

Property Description

We are pleased to offer 2201 E Compton Blvd, a 15-unit multifamily property in the city of Compton, CA. This two-story, secured, and gated courtyard-style building offers a strong unit mix, comprised of fourteen (14) one-bedroom/one-bath units and one (1) two-bedroom/one-bath units. Built in 1963, the property boasts 10,209 rentable square feet on an 11,297 square foot lot with 14 single-car garages for tenant convenience. Additionally, the property falls under AB-1482, California's statewide rent control, allowing annual increases of 5% plus CPI. Currently, the property operates with no subsidized tenants and offers 25% rental upside potential without the need for any subsidy programs. However, additional upside can be realized by tapping into subsidies like the Housing Choice Voucher (HCV) Program, with maximum voucher amounts reaching $1,921 for 1-bedroom units and $2,222 for 2-bedroom units, while ensuring smooth rent collection. Whether you choose to maintain the property's current operations or tap into subsidy programs to maximize returns while streamlining rent collection, this asset presents an opportunity to acquire a well position property in one of Compton's most densely populated areas with significant upside and long-term growth.

Location

State CA

County Los Angeles

Area Compton S Of Rosecrans, E Of Alameda

Zoning CORL*

Rooms

Other Rooms None

Interior

Heating Wall Electric

Cooling Wall Unit(s)

Equipment Other

Laundry None

Exterior

Garage Assigned, Garage - 1 Car

Garage Spaces 14.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Matthews Real Estate Investment Services

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2201 E Compton Blvd