Mohr Real Estate Group

Mohr Real Estate Group

2201 E Compton Boulevard Compton CA 90221 MLS #24460525

2201 E Compton Boulevard
Compton, CA, 90221
$2,500,000
Beds
0 Baths
SqFt
0.26 Acres
Add
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$2,500,000
2201 E Compton Boulevard
Compton, CA, 90221
MLS #24460525 img 0

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.

Property Details

Price:
$2,500,000
MLS #:
24460525
Status:
Active
Baths:
0
Address:
2201 E Compton Boulevard
Type:
Residential Income
Neighborhood:
rocomptonsofrosecranseofalameda
City:
Compton
Listed Date:
Nov 12, 2024
State:
CA
ZIP:
90221
Lot Size:
11,300 sqft / 0.26 acres (approx)
Year Built:
1963

Schools

Interior

Exterior

Garage Spaces
14.00
Parking Features
Assigned, Garage – Single Door
Parking Spots
14.00
Stories Total
2

Financial

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2201 E Compton Boulevard
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