1315 E Kay St
Compton, CA 90221
Turnkey Building with Huge Upside in Rents · Multifamily Property For Sale · 12 Units

PRICE REDUCED! Marcus & Millichap is pleased to present the opportunity to purchase a true “Value add” apartment building in the city of Compton. The property is located just a block west of Long Beach Boulevard and just north of Rosecrans in the city of Compton. The location affords tenants easy access to the 710, 91, 105 and 405 Freeways as well as the Metro Blue Line. The subject property was built in 1963 and consists of one structure surrounding a landscaped courtyard. There are 11 carport parking spaces in the rear of the building and one enclosed garage for a total of one space per unit. The units consist of ten large two-bedroom/one bath units, one one-bedroom/one-bath units and one three bedroom 1 bath townhome unit. All the units are large and the total rentable square footage per the title company is 11,559 for an average of nearly 1,000 square feet. Each unit is separately metered for gas and electric and there is a laundry room for tenants’ use. The roof is pitched and the building has a security gate into the courtyard. The building has been well cared for and aside from maybe the need for some paint, is in very good condition.