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702 N Willowbrook Ave 4 Unit Apartment Building Offered at $650,000 Compton, CA 90220
Investment Highlights
- All 2 bed/1 Bath Units
- Vacant lot 101 E Elm St (APN 6166-004-005) also for sale separately for $150,000 - Zoned C-L - Potential for multifamily redevelopment
- One unit is currently vacant and rent ready
- Separately metered for gas and electricity
Executive Summary
Young Lewin Advisors is pleased to present 702 N Willowbrook Ave in the incorporated city of Compton for sale. The contiguous 5,006 vacant lot next door, 101 E Elm St. zoned C-L is also for sale separately for $150,000.
The property consists of all 2 bed/1 bath units on a large 5,003 square foot lot. One unit is currently vacant and rent ready. Two tenants are currently paying $890 and $1,050 respectively. One tenant is in default and has approximately two years of back rent.
Current rents are about half of market rate, allowing substantial upside for a new investor. The city of Compton does not have municipal rent control and is subject to AB-1482, allowing for higher rent increases.
The property consists of all 2 bed/1 bath units on a large 5,003 square foot lot. One unit is currently vacant and rent ready. Two tenants are currently paying $890 and $1,050 respectively. One tenant is in default and has approximately two years of back rent.
Current rents are about half of market rate, allowing substantial upside for a new investor. The city of Compton does not have municipal rent control and is subject to AB-1482, allowing for higher rent increases.
Property Facts
| Price | $650,000 | Property Type | Multifamily |
| Price Per Unit | $162,500 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 2,352 SF |
| Sale Condition | Deferred Maintenance | No. Stories | 2 |
| No. Units | 4 | Year Built | 1946 |
| Price | $650,000 |
| Price Per Unit | $162,500 |
| Sale Type | Investment |
| Sale Condition | Deferred Maintenance |
| No. Units | 4 |
| Property Type | Multifamily |
| Lot Size | 0.11 AC |
| Building Size | 2,352 SF |
| No. Stories | 2 |
| Year Built | 1946 |
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Walk Score®
Very Walkable (77)
Property Taxes
| Parcel Number | 6166-004-003 | Improvements Assessment | $48,660 |
| Land Assessment | $51,775 | Total Assessment | $100,435 |
Property Taxes
Parcel Number
6166-004-003
Land Assessment
$51,775
Improvements Assessment
$48,660
Total Assessment
$100,435
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