Multifamily Apartment Building with 9
For Sale
$1,500,000
4244 E Compton Blvd, Compton, CA 90221
Nine apartments (seven 1BR and two studios) with individual gas and electric metering and onsite parking.
Property Size4,236 SF
Lot Size0.25 Acres
Price / SF$354.11
Days on Market123
Property Features for 4244 E Compton Blvd
General Information
Standard status
Active
Size
4,236 SF
Lot size
0.25 Acres
Property subtype
Multifamily
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
6.71%
Multifamily Units
9
Amenities
Seller Financing with a 30% Down Payment at 6% Interest Only
8.36% Cash on Cash Return
Individually Metered for Gas & Electricity
Recent Capital Improvements: New Roofs & Plumbing
Located in Unincorporated Los Angeles County
Access to Ports of Los Angeles & Long Beach Employment Hubs
Population of 777,601 with a Five Mile Radius
Building Details
Building Size
4,236 SF
Year Built
1948
Units
9
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Inland Empire
(626) 695-6776
Listed By:
Douglas McCauley · License #License(s): CA: 01155706
(626) 695-6776
Source:
Marcusmillichap
Added: Apr 9
Changed: Aug 8
Last Checked: Aug 8 at 2:44AM
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 Marcus & Millichap - Inland Empire
Investment Insights
Based on property information with market context.
Marcus & Millichap is pleased to exclusively offer for sale a multifamily investment property at 4244 E Compton Blvd in unincorporated Los Angeles County. Originally constructed in 1948, the building area is 4,236 square feet on an 11,051 square foot parcel. The property includes nine total apartments: seven one-bedroom/one-bath units and two studio units. Each unit is individually metered for gas and electricity, and the property provides onsite open-space parking. Recent capital improvements include new roofs and plumbing. Rent control is in place for unincorporated Los Angeles County (buyer to verify).
The building is located along Compton Boulevard, a primary commercial corridor with strong daily traffic and retail presence, and it provides proximity to essential services. The surrounding area includes neighborhood-serving retail, grocery centers, schools, parks, and community facilities, supporting practical day-to-day living.
The offering also includes seller financing with a 30% down payment, payable at 6% interest only, due in five years.
The building is located along Compton Boulevard, a primary commercial corridor with strong daily traffic and retail presence, and it provides proximity to essential services. The surrounding area includes neighborhood-serving retail, grocery centers, schools, parks, and community facilities, supporting practical day-to-day living.
The offering also includes seller financing with a 30% down payment, payable at 6% interest only, due in five years.
Key Highlights
- Multifamily investment at 4244 East Compton Boulevard in unincorporated Los Angeles County
- Originally constructed in 1948; 4,236 SF building on an 11,051 SF parcel
- 9‑unit unit mix: seven 1 bed / 1 bath units and two studio units
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
$68,161
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
4.54%
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%
$1,363,220
$1.4M
Cap Rate 7%
$973,729
$973.7K
Cap Rate 9%
$757,344
$757.3K
Market Conditions
NOI Build-Up for 4,236 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
$134.7K $31.80/SF
− Vacancy
−$10.8K −$2.54/SF
EGI
$123.9K $29.26/SF
− OpEx
−$55.8K −$13.17/SF
NOI
$68.2K $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 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%
$1,363,220
Cap Rate 7%
$973,729
Cap Rate 9%
$757,344
Alternative Uses
Best Use
Apartment 5plus
$973.7K
$852.0K – $1.14M
NOI $68,161 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.27M
$1.98M – $2.65M
NOI $158,756 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
9
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,449
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Nine apartments (seven 1BR and two studios) with individual gas and electric metering and onsite parking.
Where is this apartment building located?
The property is located at 4244 E Compton Blvd Compton, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Multifamily investment at 4244 East Compton Boulevard in unincorporated Los Angeles County; Originally constructed in 1948; 4,236 SF building on an 11,051 SF parcel; 9‑unit unit mix: seven 1 bed / 1 bath units and two studio units
