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28844368
28844400

1230 S Wilmington Ave, Compton, CA 90220

CL
01902650
Kidder Matthews
VC
CA 02012324
Kidder Mathews Los Angeles
Listed by Kidder Matthews, Kidder Mathews Los Angeles
$947,000
178 days on market
Updated 72 days ago

1230 S Wilmington Ave

Details
APN 6162-003-021
Property Type Multifamily
Sub Type Apartment Building
Square Footage 1,529
Net Rentable (SqFt) 1,529
Units 2
Cap Rate 5.5%
NOI $52,063
Pro-Forma Cap Rate 5.5%
Pro-Forma NOI $52,063
Price per SqFt $619
Broker Co-Op Yes
Class C
Year Built 1926
Buildings 2
Stories 1
Lot Size (SqFt) 18,945
Zoning COR3YY
Parking Spaces 20 spaces
Parking Per SqFt 13.08
Investment Type Owner/User
Ground Lease No

PRICE REDUCED! Two Home Compound | Fully Vacant I 18,945 SF Land!

Marketing description

We are pleased to present 1230 S. Wilmington Avenue, a rare opportunity to acquire a two-home compound in Compton that will be delivered 100% VACANT! The property features two stand-alone residences on a massive 18,945 SF COR3YY-zoned mid-block lot, boasting an exceptional 154-foot frontage.

Each home is separately metered for gas, electricity, and water, and both offer generous onsite parking and usable outdoor space. The expansive lot size and favorable configuration support a wide range of investment strategies for investors, developers, and owner-users alike.

For owner-users, the property provides an ideal multigenerational living setup, occupy one home while a family member or tenant resides in the other. The oversized lot can also accommodate numerous personal vehicles, work trucks, or equipment storage.

With nearly 19,000 square feet of land, the property presents multiple development pathways (buyer to verify), including the addition of ADUs, subdivision, or a larger-scale affordable housing project. Zoning and lot size may also allow the parcel to be split into multiple lots.

The property is located just south of Compton/Woodley Airport and offers excellent regional connectivity with close proximity to the 91, 110, and 710 Freeways. Nearby amenities include Compton Town Center, Plaza Mexico, the Compton Art & History Museum, and the Dominguez Rancho Adobe Museum. Contact the listing broker for additional information.

Listing Contacts

CL
01902650
Kidder Matthews
VC
CA 02012324
Kidder Mathews Los Angeles
Listed by Kidder Matthews, Kidder Mathews Los Angeles

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$52,063.00
$4,338.58/mo

Valuation Metrics

0
DSCR
5.5%
Cap Rate
5.5%
ROI

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