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$2,300,000
Est. payment /mo
14 Beds
10 Baths
5,016 SqFt
UPDATED:
12/05/2024 02:25 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,016 sqft
Price per Sqft $458
MLS Listing ID 24450299
Bedrooms 14
HOA Y/N No
Year Built 1950
Lot Size 0.398 Acres
Property Description
We are pleased to present 1307 & 1311 E Peck, a 10-unit multifamily community located in Compton, that is priced at a 6.50% CAP and 10.03 GRM on current rents with upside to operate at a 9.04% CAP and a 7.86 GRM. The property consists of adjacent 5-unit buildings located at 1307 &1311 E Peck, which is situated in close proximity to the 105 and 710 freeways offering convenient access to neighboring cities such as Los Angeles, Lynwood, South Gate, Gardena and Long Beach. Nearby tenant amenities include the Compton Town Center, Plaza Mexico, Compton Art & History Museum, and the Dominguez Rancho Adobe Museum. The property is comprised of two, single story side by side five-unit buildings constructed in 1950 with a strong unit mix of 4 two-bedroom units and 6 one-bedroom units located on 17,323 sf of land. Half of the units have been renovated, and one unit will be delivered VACANT. There is also ample onsite uncovered parking along with 10 1-car garages providing potential for ADU conversions.
Location
State CA
County Los Angeles
Area Rn - Compton N Of Rosecrans, E Of Central
Zoning COPRH*
Interior
Heating Wall Furnace
Cooling None
Inclusions 1311 E Peck St, Compton, CA 90221 - APN: 6167-030-023
Fireplace No
Exterior
Garage Spaces 10.0
Garage Description 10.0
Attached Garage No
Total Parking Spaces 10
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6167030022
Special Listing Condition Standard
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Listed by Casey Lins • Kidder Mathews of California, Inc.