Quadplex With Separate
1040 W Reeve, Compton, CA 90220
For Sale
$1,300,000
Four residential units offer a balanced bedroom mix, individual utility metering, and flexible month-to-month occupancy.
Property Size4,008 SF
Days on Market53
Property Features for 1040 W Reeve
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Stories
Units
Listed By:
Andrew Youngmark · License CA #01454228
(714) 469-6238
Source:
Elliman
Added: Sep 19
Changed: Nov 3
Last Checked: Nov 10 at 8:50AM
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 Andrew Youngmark
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Investment Insights
Based on property information with market context.
This 1955-built quadplex contains four residential units: two configured with 3 bedrooms and 1 bathroom, and two with 2 bedrooms and 1 bathroom. Each unit is separately metered and includes its own hot water tank. The property is professionally managed, while month-to-month occupancy gives a buyer flexibility to retain the existing manager, self-manage, or engage another management company. The current management agreement requires 30-Day advance notice for termination.
The property is located at 1040 W Reeve in Compton, California, near restaurants, shopping, public transportation, freeway access, LAX, and Compton High School. SoFi Stadium is identified as 10 miles away. The surrounding area has a walk score of 63, described as Somewhat Walkable, and a bike score of 50, described as Bikeable.
The property is located at 1040 W Reeve in Compton, California, near restaurants, shopping, public transportation, freeway access, LAX, and Compton High School. SoFi Stadium is identified as 10 miles away. The surrounding area has a walk score of 63, described as Somewhat Walkable, and a bike score of 50, described as Bikeable.
Key Highlights
- Four‑unit property with two 3‑bedroom/1‑bath units and two 2‑bedroom/1‑bath units
- Separate utility metering for each unit
- Individual hot water tank serving every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,994
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,399,880
$1.4M
Cap Rate 7%
$999,914
$999.9K
Cap Rate 9%
$777,711
$777.7K
Market Conditions
NOI Build-Up for 4,008 SF
Gross rent
$108.2K $27.00/SF
− Vacancy
−$8.2K −$2.05/SF
EGI
$100.0K $24.95/SF
− OpEx
−$30.0K −$7.48/SF
NOI
$70.0K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,399,880
Cap Rate 7%
$999,914
Cap Rate 9%
$777,711
Alternative Uses
Best Use
Multifamily LT 5
$999.9K
$874.9K – $1.17M
NOI $69,994 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$921.3K
$806.2K – $1.07M
NOI $64,492 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$2.15M
$1.88M – $2.50M
NOI $150,211 @ 7.0% cap · market cap 11.55%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
457
Businesses Nearby
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Business Placement
Demographics for 90220, CA
50,412
Population
14,067
Households
3.6
Avg Household Size
33
Median Age
13%
College-Educated
68%
High-School Grad
6.9 sq mi
ZIP Area
7,306
Density / Sq Mi
$77,535
Median Household Income
$36,074
Median Earnings
$1,557
Median Rent
$514,600
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Los Angeles County, CA
Properties on Market for Quadplexes in Los Angeles County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units offer a balanced bedroom mix, individual utility metering, and flexible month-to-month occupancy.
Where is this quadplex located?
The property is located at 1040 W Reeve Compton, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Four‑unit property with two 3‑bedroom/1‑bath units and two 2‑bedroom/1‑bath units; Separate utility metering for each unit; Individual hot water tank serving every unit
