10-Unit Apartment
1000 N Sloan Ave, Compton, CA 90221
For Sale
$1,595,000
Renovated interiors and a mix of covered and open parking serve this multi-unit property.
Property Size5,640 SF
Price / SF$282.80
Days on Market51
Property Features for 1000 N Sloan Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Additional Details
Multifamily Units
Listing Agency:
Compass
(818) 783-7721
Listed By:
Dana Coronado · License CA #01746702
(310) 562-9630
Source:
Exprealty
Added: Sep 26
Changed: Nov 11
Last Checked: Nov 14 at 10:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
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Investment Insights
Based on property information with market context.
The 5,640-square-foot apartment property contains 10 units across two parcels connected by a shared driveway. Six units are vacant, and six have been remodeled. Parking includes six carports beneath the rear units and eight uncovered spaces at the front of the property.
The property is near Rosecrans and Long Beach Boulevard in Compton. Lueders Park Community Center is two blocks away, with Compton Town Center on Alameda and Northgate Market on Atlantic also identified as nearby destinations.
The property is near Rosecrans and Long Beach Boulevard in Compton. Lueders Park Community Center is two blocks away, with Compton Town Center on Alameda and Northgate Market on Atlantic also identified as nearby destinations.
Key Highlights
- 10 apartment units across two parcels with a shared driveway
- Six units are vacant; six units have been remodeled
- 5,640 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,752
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,815,040
$1.8M
Cap Rate 7%
$1,296,457
$1.3M
Cap Rate 9%
$1,008,356
$1.0M
Market Conditions
NOI Build-Up for 5,640 SF
Gross rent
$179.4K $31.80/SF
− Vacancy
−$14.3K −$2.54/SF
EGI
$165.0K $29.26/SF
− OpEx
−$74.3K −$13.17/SF
NOI
$90.8K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,815,040
Cap Rate 7%
$1,296,457
Cap Rate 9%
$1,008,356
Alternative Uses
Best Use
Apartment 5plus
$1.30M
$1.13M – $1.51M
NOI $90,752 @ 7.0% cap · market cap 5.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.02M
$2.64M – $3.52M
NOI $211,374 @ 7.0% cap · market cap 13.25%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
10
Residential units
40%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,382
Businesses Nearby
Explore this area
Business Placement
Demographics for 90221, CA
52,561
Population
12,854
Households
4.1
Avg Household Size
31
Median Age
8%
College-Educated
58%
High-School Grad
5.4 sq mi
ZIP Area
9,734
Density / Sq Mi
$68,191
Median Household Income
$34,426
Median Earnings
$1,600
Median Rent
$541,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles County, CA
Properties on Market for Apartment buildings in Los Angeles County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated interiors and a mix of covered and open parking serve this multi-unit property.
Where is this apartment building located?
The property is located at 1000 N Sloan Ave Compton, CA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 10 apartment units across two parcels with a shared driveway; Six units are vacant; six units have been remodeled; 5,640 square feet
