CA > Los Angeles
Los Angeles, CA 90002,8800 Compton AVE
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Los Angeles, CA 90002,8800 Compton AVE
Los Angeles, CA 90002,8800 Compton AVE
Los Angeles, CA 90002,8800 Compton AVE
Los Angeles, CA 90002,8800 Compton AVE
Brenda Perez-Miranda
Brenda Perez-Miranda

Agent | License ID: 01293185

+1(619) 846-9088

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$ 625,000

$ 695,000 10.1%

Est. payment /mo
Sold on 01/24/2025

8800 Compton AVE Los Angeles, CA 90002

6,046 Sqft Lot

UPDATED:

Key Details

Sold Price $625,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB24218634

Year Built 1926

Lot Size 6,046 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area Watt - Watts

Zoning LCC3*

Interior

Heating Wall Furnace

Cooling None

Fireplaces Type None

Laundry None

Exterior

Parking Features Uncovered

Pool None

Community Features Urban

Utilities Available Electricity Available, Natural Gas Available, Sewer Connected

View Y/N No

View None

Roof Type Shingle

Building

Lot Description 2-5 Units/Acre

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Vincent Cook • Kidder Mathews of California, Inc • 310-405-3654
Bought with Lisa Smith • eXp Realty of Greater L.A
agent

Brenda Perez-Miranda

Agent | License ID: 01293185

+1(619) 846-9088

GET MORE INFORMATION

Name
Phone*
Message

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8800 Compton AVE