701 Willowbrook Ave, Compton, CA 90220-3747
- Apartment buildings
- 4,550 SF
- 0.18 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 701 Willowbrook Ave
- Year built
- 1957
- Construction
- WOOD
- Lot size
- 0.18 lot acres
- Zone code
- CORH*
- Property type
- Apartment buildings
- APN
- 6160-008-021
- APU
- 6160008021
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 31, 2025 | $1,295,000 | 701 S Willowbrook Ave LLC | Dawn Patrol LLC | Grant Deed | — |
| Jan 31, 2025 | — | Dawn Patrol LLC | Autumn Wind LLC | Grant Deed | — |
| Oct 8, 2021 | — | Autumn Wind LLC | — | Deed · related | $500k · California First National Bank |
| Dec 17, 2015 | — | Hill,mary J Trust | Hill,mary J | Affidavit Of Death | — |
| Dec 17, 2015 | $540,000 | Autumn Wind LLC | Hill Mary J Living Trust | Grant Deed | — |
| Dec 4, 2015 | — | Hill,mary H Living Trust | Hill,mary J | Quit Claim Deed · related | — |
| May 13, 1999 | — | Mary J Hill | Hill,m J | Quit Claim Deed · related | — |
| Jan 30, 1995 | — | Mary J Hill | — | Deed Of Trust · related | — |
| — | — | Mary J Hill | — | Deed Of Trust · related | $110k · Allstar Financial |
| — | — | Mary J Hill | — | Deed Of Trust · related | $200k · Shearson Home Loans INC |
| — | — | Autumn Wind LLC | — | Deed Of Trust · related | $525k · Financial Ptrs Cu |
| Jan 3, 1961 | — | — | — | Grant Deed · related | — |
Description
This exceptional 6-unit apartment building in Compton, CA, presents a compelling value-add investment opportunity. The property, built in 1957 and situated on a 7,887 sq ft lot, features a mix of 1, 2, and 3-bedroom units, each with spacious floor plans and washer/dryer hookups. Recently renovated inside and out, the building boasts a 100% occupancy rate, generating a current NOI of $99,008 and a 6.60% cap rate. However, significant rental upside exists, with a pro-forma NOI projected at $128,216 and a pro-forma cap rate of 8.55%. The property's 4,550 square feet are priced at $329.67 per square foot, and the asking price is $1,500,000 ($250,000 per unit). Located in a non-rent-controlled area, this fee-simple ownership offers a strong potential for maximizing returns. Private garages are included. The property is a two-story building with excellent potential for a savvy investor seeking a low-rise opportunity in a prime location. APN: 6160-008-021. This offering is suitable for a 1031 exchange.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,220,000
- 6.5%
- $1,125,000
- 7%
- $1,045,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,005,000
Market price range: $528k - $1.10M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $900,000 Current use
- WAREHOUSE, STORAGE
- $1,695,000 Change: +88% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,015,000 Change: +13% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $990,000 Change: +10% Conversion: Moderate
- RETAIL STORES
- $925,000 Change: +3% Conversion: Difficult
- OFFICE BUILDING
- $900,000 Change: +0% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Compton
- County
- Los Angeles
- State
- California
- Longitude
- -118.224
- Latitude
- 33.89
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
