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31499293
31499294

4244 E Compton, Compton, CA 90221 For Sale

MARCUS & MILLICHAP
MARCUS & MILLICHAP
Listed by MARCUS & MILLICHAP
$1,500,000
97 days on market
Updated 60 days ago
Opportunity zone

4244 E Compton

Details
APN 6180010004
Property Type Multifamily
Sub Type Apartment Building
Units 9
Buildings 5
Acreage 0.254
Zoning Public Rec

Multifamily | 9 Units

Marketing description

*** Seller Financing. Call or Text for Offering Memorandum *** Pleased to exclusively present the opportunity to acquire a multifamily investment property located at 4244 East Compton Boulevard in unincorporated Los Angeles County, a dense infill supported by a large and stable workforce population. Originally constructed in 1948, the building area is 4,236 square feet and situated on a 11,051 square foot parcel. There is rent control in unincorporated Los Angeles County (buyer to verify). The asset features a functional unit mix of nine total apartments, including seven one-bedroom/one-bathroom units and two studio units, which is well-suited to meet the areas demand for attainable workforce housing. Each unit is individually metered for gas and electricity and provides onsite open space parking. Recent capital improvements include a new roofs and plumbing, enhancing the overall condition of the asset. Notably, the offering includes seller financing with a 30% down payment, payable at 5% interest only, due in five years, providing investors with favorable leverage, increased cash flow and a compelling alternative to conventional financing. Compton continues to emerge as a compelling multifamily investment market within Los Angeles County, benefiting from its centralized location and accessibility to major employment centers. The city is strategically positioned near key transportation corridors including Interstate 710, State Route 91, and Interstate 105, providing direct connectivity to the Ports of Los Angeles and Long Beach, as well as surrounding industrial, logistics,
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MARCUS & MILLICHAP
MARCUS & MILLICHAP
Listed by MARCUS & MILLICHAP

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