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We are pleased to present 8800 Compton Ave, a rare FULLY VACANT property in Los Angeles consisting of 2 one-bedroom units + 1 commercial structure that is primed for an ADU conversion into 2 additional units with the potential to operate at a 12%+ CAP rate. Built in 1926, this opportunity consists of two separate structures totaling 1,864 rentable square feet that is situated on a 6,047 square foot, LCC3 zoned corner lot, with street frontage off of Compton Ave & E 88th St as well as with alley access. The unit mix consists of 2 one-bedroom units located in front duplex with a rear commercial building that was previously used as a church. Being delivered 100% vacant presents the next investor a unique opportunity to immediately reposition the property, and either re-rent the commercial unit to a new user or add density by converting the structure to 2 ADUs with 2 one-bedroom units, while ultimately providing flexibility for determining unit rehab finishes and new tenant selection to stabilize the property at market rents. 8800 Compton Ave is situated in a transit-oriented location near numerous bus stops and the Firestone Light Rail Station, as well as a number of community establishments such as Raul’s Market, Mercardo Don Juan, Rudy’s Baker, Nadeau Café, Playa Azul Tortilleria and Market, Birrieria Jalisco and Norteno Bar and Grill.
Property Type(s):
Residential Income
| Last Updated | 11/25/2024 | Year Built | 1926 |
|---|---|---|---|
| Community | Watts | County | Los Angeles |
Price History
| Prior to Nov 4, '24 | $785,000 |
|---|---|
| Nov 4, '24 - Nov 25, '24 | $749,000 |
| Nov 25, '24 - Today | $695,000 |
Additional Details
| AIR | None |
|---|---|
| AREA | Watts |
| CONSTRUCTION | Stucco |
| GARAGE | Uncovered |
| HEAT | Wall Furnace |
| LOT | 6047 sq ft |
| LOT DESCRIPTION | 2-5 Units/Acre |
| PARKING | Uncovered |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| UTILITIES | Electricity Available,Natural Gas Available,Sewer Connected, Electric: Standard |
| VIEW DESCRIPTION | None |
| WATER | Public |
| ZONING | LCC3* |
Location
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Listed with Kidder Mathews of California, Inc
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