10-Unit Apartment
For Sale
Contact for pricing
1307 E Peck St, Compton, CA 90221
Two single-story buildings offer a varied unit mix, renovated residences, garages, and onsite parking.
Property Size5,016 SF
Lot Size0.40 Acres
Price / SF$368.82
Days on Market149
Property Features for 1307 E Peck St
General Information
Standard status
Active
Size
5,016 SF
Net Rentable
5,016 SF
Class
C
Total Parking Spaces
10
Lot size
0.40 Acres
Property subtype
Multifamily
Zoning
COPRH
Occupancy
70%
Investment Type
Value Add
Net Operating Income
$129,942
Financials
Cap Rate
7.61%
Gross Rent Multiplier
8.5
Units
Unit Mix
4 x 2BR, 6 x 1BR
Multifamily Units
10
Additional Details
Highway Access
Yes
Building Details
Year Built
1950
Buildings
2
Stories
1
Units
10
Listing Agency:
Kidder Matthews
(213) 225-7223
Listed By:
Casey Lins · License #01902650
Source:
Crexi
Added: Apr 6
Changed: Aug 29
Last Checked: Aug 31 at 12:01AM
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 Kidder Matthews
Investment Insights
Based on property information with market context.
This multifamily property consists of two adjacent, single-story buildings with five units each. The community provides 5,016 rentable square feet on a 17,323-square-foot parcel, with four two-bedroom apartments and six one-bedroom apartments. Built in 1950, the property has renovated half of its units, and one renovated two-bedroom residence will be delivered vacant. Onsite improvements include uncovered parking and 10 one-car garages, which may support ADU conversions.
The property is located in Compton near the 105 and 710 freeways, providing access to Los Angeles, Lynwood, South Gate, Gardena, and Long Beach. Nearby amenities include Compton Town Center, Plaza Mexico, the Compton Art & History Museum, and the Dominguez Rancho Adobe Museum. Current operating metrics are reported at a 7.61% CAP and 8.50 GRM, with projected metrics of a 10.07% CAP and 6.94 GRM.
The property is located in Compton near the 105 and 710 freeways, providing access to Los Angeles, Lynwood, South Gate, Gardena, and Long Beach. Nearby amenities include Compton Town Center, Plaza Mexico, the Compton Art & History Museum, and the Dominguez Rancho Adobe Museum. Current operating metrics are reported at a 7.61% CAP and 8.50 GRM, with projected metrics of a 10.07% CAP and 6.94 GRM.
Key Highlights
- 10‑unit community across two five‑unit, single‑story buildings
- 5,016 rentable SF on 17,323 SF of land
- Unit mix includes 4 two‑bedroom and 6 one‑bedroom apartments
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
$80,711
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
4.36%
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%
$1,614,220
$1.6M
Cap Rate 7%
$1,153,014
$1.2M
Cap Rate 9%
$896,789
$896.8K
Market Conditions
NOI Build-Up for 5,016 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
$159.5K $31.80/SF
− Vacancy
−$12.8K −$2.54/SF
EGI
$146.7K $29.26/SF
− OpEx
−$66.0K −$13.17/SF
NOI
$80.7K $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%
$1,614,220
Cap Rate 7%
$1,153,014
Cap Rate 9%
$896,789
Alternative Uses
Best Use
Apartment 5plus
$1.15M
$1.01M – $1.35M
NOI $80,711 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.69M
$2.35M – $3.13M
NOI $187,988 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
990
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 - Two single-story buildings offer a varied unit mix, renovated residences, garages, and onsite parking.
Where is this apartment building located?
The property is located at 1307 E Peck St Compton, CA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 10‑unit community across two five‑unit, single‑story buildings; 5,016 rentable SF on 17,323 SF of land; Unit mix includes 4 two‑bedroom and 6 one‑bedroom apartments
