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1004 N Poinsettia Ave
Compton, CA 90221 Downtown Compton

$799,000 USD

Apartments For Sale  •  4,767 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,767 SF
  • Lot Size 0.19 AC
  • Building Class C
  • Year Built 1955
  • Zoning LCR3/RH
50 Transit Score
60 Walk Score

Highlights

Aggressive entry price at ~$114K per unit with significant upside potential
Distressed 7 unit multifamily asset with functional unit mix and one car garage parking for each unit
Ideal Utility Metering: 8 electric, 7 gas, 1 water.
Two vacant units plus potential tenant willingness to relocate providing repositioning flexibility. All tenant Estoppels in place.
Conservative Pro forma ~$168K gross income and ~$104K NOI supporting ~6.5% stabilized cap
Offered at $114K per unit vs $228K stabilized basis creating substantial value add opportunity

Amenities

  • Balcony
  • Storage Space
  • Kitchen
  • Handrails

Public Transportation

Commuter RailDriveWalkDistance
Commerce (91 Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) 17 min - 9.3 mi
Norwalk/Santa Fe Springs (91 Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) 16 min - 9.5 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 16 min - 9.0 mi
Los Angeles International 20 min - 14.7 mi
Bob Hope 41 min - 28.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 7
Type: Surface
Included in Rent: Yes
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