1307 Peck St Compton, CA 90221-1544
- Apartment buildings
- 2,508 SF
- 0.20 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 1307 Peck St
- Year built
- 1950
- Construction
- WOOD
- Lot size
- 0.20 lot acres
- Property size
- 2,508 SF
- Zone code
- COPRH*
- Property type
- Apartment buildings
- APN
- 6167-030-022
- APU
- 6167030022
Description
This exceptional 10-unit apartment building in Compton, CA, presents a compelling value-add opportunity. Priced at $2,300,000, this property boasts a current 6.50% cap rate and a pro-forma cap rate of 9.04%, indicating significant upside potential. The 5,016 square foot property, situated on a 17,323 square foot lot, comprises two single-story buildings constructed in 1950. The property features a mix of six one-bedroom and four two-bedroom units, with 90% occupancy. Ten on-site parking spaces are available, including ten one-car garages, offering potential for future development. Half of the units have undergone renovations, and one unit will be delivered vacant. The property's convenient location near the 105 and 710 freeways provides easy access to major employment centers and amenities. Nearby attractions include the Compton Town Center, Plaza Mexico, and several museums. The current Net Operating Income (NOI) is $149,448, with a pro-forma NOI projected at $207,939. The property is zoned COPRH, offering flexibility for future improvements. This is an ideal investment for those seeking a strong return on investment with significant upside potential in a growing market. The price per unit is $230,000, and the price per square foot is $458.53.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Compton
- County
- Los Angeles
- State
- California
- Longitude
- -118.21
- Latitude
- 33.9062
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
