Two-Story Quadplex with Four
New
For Sale
$1,200,000
1041 W Reeve St, Compton, CA 90220
Well-maintained multifamily property with separately metered utilities, upgraded kitchens, and varied two- and three-bedroom layouts.
Property Size4,008 SF
Days on Market4
Property Features for 1041 W Reeve St
General Information
Standard status
Active
Size
4,008 SF
Property subtype
Investment
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA, 2 x 3BR/1BA
Multifamily Units
4
Amenities
dual-paned windows
granite countertops
laminate flooring
pre-wired for cable
Building Details
Building Size
4,008 SF
Year Built
1955
Buildings
1
Stories
2
Units
4
Listing Agency:
(562) 427-7765
Listed By:
Mary De Leon
Source:
Elliman
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 10 at 3:32AM
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 Mary De Leon
Investment Insights
Based on property information with market context.
This two-story quadplex contains four units, with two residences on each level. The unit mix includes two-bedroom, one-bath layouts and three-bedroom, one-bath layouts. Each residence features dual-pane windows, laminate flooring, and a kitchen with granite countertops. Individual units have separate electricity and gas meters, along with dedicated water heaters. The building is also pre-wired for cable service.
Constructed in 1955, the property sits on a dead-end street in Compton. Its four-unit configuration supports a range of occupancy arrangements, including living in one unit while renting the others, as explicitly supported by the property information.
Constructed in 1955, the property sits on a dead-end street in Compton. Its four-unit configuration supports a range of occupancy arrangements, including living in one unit while renting the others, as explicitly supported by the property information.
Key Highlights
- Four‑unit, two‑story quadplex with two residences on each level
- Unit mix includes 2BR/1BA and 3BR/1BA layouts
- Separate electricity and gas meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$69,994
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 5.83%
Second Best
Apartment 5plus
$921.3K
$806.2K – $1.07M
NOI $64,492 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$2.15M
$1.88M – $2.50M
NOI $150,211 @ 7.0% cap · market cap 12.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
457
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained multifamily property with separately metered utilities, upgraded kitchens, and varied two- and three-bedroom layouts.
Where is this quadplex located?
The property is located at 1041 W Reeve St Compton, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Four‑unit, two‑story quadplex with two residences on each level; Unit mix includes 2BR/1BA and 3BR/1BA layouts; Separate electricity and gas meters for each unit
