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605 N Long Beach Blvd
Compton, CA 90221
Multifamily Property For Sale
·
8 Units
EXECUTIVE SUMMARY
Eight-unit income-restricted one-story garden-style apartment building built in 1942 (renovated in 2018). The building includes a mix of
bachelor and one-bedroom unit types. Tenants qualify based on income restrictions outlined in a Master Rent Subsidy Agreement dated February 1, 2018 between Wigro2 LLC and Brilliant Corners (BC). This agreement was facilitated through the FHSP (Flexible Housing Subsidy Pool) program, which is funded, in part, by the County of Los Angeles and the DHS (Department Health Services).
bachelor and one-bedroom unit types. Tenants qualify based on income restrictions outlined in a Master Rent Subsidy Agreement dated February 1, 2018 between Wigro2 LLC and Brilliant Corners (BC). This agreement was facilitated through the FHSP (Flexible Housing Subsidy Pool) program, which is funded, in part, by the County of Los Angeles and the DHS (Department Health Services).
PROPERTY FACTS
| Price Per Unit | $210,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 8.77% | Building Size | 2,328 SF |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1942/2018 |
| Property Subtype | Apartment | Parking Ratio | 8.59/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | COCL* - Commercial | ||
| Price Per Unit | $210,000 |
| Sale Type | Investment |
| Cap Rate | 8.77% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 2,328 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1942/2018 |
| Parking Ratio | 8.59/1,000 SF |
| Zoning | COCL* - Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Ceiling Fans
SITE AMENITIES
- Wi-Fi
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
PROPERTY TAXES
| Parcel Number | 6178-024-003 | Improvements Assessment | $182,050 |
| Land Assessment | $512,020 | Total Assessment | $694,070 |
PROPERTY TAXES
Parcel Number
6178-024-003
Land Assessment
$512,020
Improvements Assessment
$182,050
Total Assessment
$694,070
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