2201 E Compton Boulevard

Compton, CA 90221

$2,500,000

List Price

16

bed Beds

15

shower Baths

10,209 sqft

straighten / sqft

1963

calendar_month Built

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.

Listing Information

List Price $2,500,000
Status Active
MLS 24460525
Type Residential Income
Year Built 1963
Lot Size 11,300
Structure Size 10,209
DOM 8
Courtesy Of Matthews Real Estate Investment Services
Listing Agent Kamfar Kyle Mirrafati DRE#01911204

Interior Features

Laundry Information
Location(s) None
Total Bedroom
Bedrooms 16
Total Bathroom
Bathrooms 15

Exterior Information

Maps

Listing information courtesy of: Kamfar Kyle Mirrafati, Matthews Real Estate Investment Services 949-200-7494. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 20th, 2024 at 1:07 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.