8102 Compton Ave, Los Angeles, CA 90001
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8102 Compton Ave Los Angeles, CA 90001

$2,150,000 Sold Price as of 05/07/2021
  • 24 Beds
  • 12 Baths
  • 7,040 Sq.Ft.
Sold
$2,150,000 Sold Price as of 05/07/2021 Refinance Your Mortgage

Map preview of 8102 Compton Ave, Los Angeles, CA 90001

Property Overview: 8102 Compton Ave Los Angeles, CA has 24 bedrooms, 12 bathrooms, 7,040 living square feet and 7,858 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 8102 & 8104 Compton Ave Los Angeles - Investor's Opportunity/ Portfolio Sale !! 12 UNITS (6 Units per Lot) 2 Bedrooms / 1 bath each. 12 Remodeled units with great tenants and rental income. CASH FLOW, CASH FLOW. Plus additional room to increase your profit. Owners Upgraded these units from Plumbing, kitchen, flooring, bathrooms, to Dual Pane Windows. 100% Occupancy Rate! Located near shopping centers/ schools/ freeways, tenant commute friendly. Sale includes 8102 & 8104 Compton Ave Los Angeles (APN 6028-008-001 & APN 6028-008-002) both buildings must be sold together. 3520Living Sqft Each Building!! 12 Units in perfect condition. Dont miss out on this great Opportunity to expand your real estate portfolio and enjoy the cash flow!.

Listed by Lluvia Martinez | BRE #01719643 | Executives Group Real Estate
Last checked: 15 minutes ago | Last updated: May 24th, 2022 | Source CRMLS | DOM: 116

Home details

Lot Sq. Ft
7,858
HOA Dues
$0/mo
Year built
1956
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
DW20194993
City
Los Angeles
County
Los Angeles
Time on Site
1221 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 2
  • # of Leased Units: 12
  • # of Electric Meters: 12
  • # of Gas Meters: 12
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,445
  • Total Rent: $1,375
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,550
  • Total Rent: $1,550
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,365
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,260
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,420
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 11
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 12
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $1,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $200,880
  • Net Operating Income: $161,301
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $39,579
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $26,875
  • Trash: $1,740
  • Insurance: $2,300
  • Professional Management: $0
  • Water/Sewer: $8,664

Property Details for 8102 Compton Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Laminate, Tile
Interior Features
  • Levels: Two
  • Window Features: Double Pane Windows
Exterior Features
Exterior Information
  • Roof: Shingle
  • Has Fence
  • Wrought Iron
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 12
  • Has Parking
  • Parking Features: Assigned, Paved, Gated
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Common Interest: Community Apartment
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 12
  • Parcel Number: 6028008001
  • Year Built Source: Assessor
  • Property is Attached
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Available
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: Compton Ave
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

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Sale History for 8102 Compton Ave

Last sold for $2,150,000 on May 7th, 2021
  • May, 2022

  • May 23, 2022

    Date

    Canceled

    CRMLS: 21794498

    $2,725,000

    Price

  • Oct 5, 2021

    Date

    Active

    CRMLS: 21794498

    $2,725,000

    Price

  • Listing provided courtesy of CRMLS

    Great cash flow opportunity in South LA to take advantage of these historically low interest rates & high LTV's. 8102-8104 Compton Ave is a 12 unit apartment complex with (2) side by side identical 6 unit properties/parcels being sold together. Built in 1956, all 12 units are 2 Bedroom/1 Bath (24 beds & 12 baths total), and the units have been recently upgraded including copper plumbing throughout & new vinyl windows. This easy to manage building has low operating costs as it's separately metered for gas & electricity, and trash is included in the annual property taxes (Garbage Disposal District). This property is subject to LA County regulations and not LA City, therefore, it is subject to CA State Rent Control (AB 1482) of 8% annual rent increases, instead of LA City's 4% (Buyer to verify), which will help the next owner capture the rental upside quicker. Tenants enjoy the benefit of on-site parking spaces, along with the entire perimeter being gated for secured entry for safety. Additionally, it is located directly next door to LAFD Station #16. Currently grossing $200,800 per year in rents, the property features a legitimate in-place 5.20% cap rate with an additional 35%+ rental upside remaining for the next owner. This property is transit oriented as it's a quick walk and 1/2 mile away from the Firestone/Graham Metro Station. Conveniently located in the middle of the 110, 105, 710 & 10 freeways, tenants can enjoy the perks of the resurged Downtown LA & Exposition Park districts. Run your numbers on this property and you will be ecstatic about acquiring this opportunity!

  • May, 2021

  • May 7, 2021

    Date

    Sold

    CRMLS: DW20194993

    $2,150,000

    Price

  • Jan 15, 2021

    Date

    Pending

    CRMLS: DW20194993

    $2,250,000

    Price

  • Dec 4, 2020

    Date

    Price Change

    CRMLS: DW20194993

    $2,250,000

    Price

  • Nov 19, 2020

    Date

    Price Change

    CRMLS: DW20194993

    $2,299,999

    Price

  • Sep 18, 2020

    Date

    Active

    CRMLS: DW20194993

    $2,400,000

    Price

  • July, 2019

  • Jul 2, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • January, 2012

  • Jan 24, 2012

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 8102 Compton Ave

Assessed Value (2020): $832,320
Year Land Value Improved Value Assessed Value
2020 $436,968 $395,352 $832,320

Home Value Compared to the Market

This property vs the competition

8102 Compton Ave sold on May 7, 2021 for 89.08% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $319.6 per/sqft which puts the price per square foot 57.67% lower than the current median sale per square foot for the city of Los Angeles.

About 8102 Compton Ave

Detailed summary of property

8102 Compton Ave is a apartment that recently sold in Los Angeles, CA 90001. This apartment offered 24 bedrooms, 12 bathrooms, roughly 7,040 living square feet, and sits on an approximately 7,858 square foot lot. 8102 Compton Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $2,150,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 89.08% higher than the current median priced home. Local homes that are currently for sale include 836 E 24th St, 4177 S Normandie Ave and 2143 Portland St. While the average home in Los Angeles, CA is selling in 92 days, 8102 Compton Ave has a days on market of 116 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 8102 Compton Ave Los Angeles, CA 90001 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 8102 Compton Ave

Public county record property details
Beds
6
Baths
6
Year built
1956
Sq. Ft.
3,520
Lot Size
3,949
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
80
APN
6028-008-001

The source for these homes facts are from public records.

90001 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$550,000
Median List Price/Sq.Ft.
$458
Median Sold Price
$575,000
Median Sold Price/Sq.Ft.
$506
Total Inventory
28
Median Sale to List Price %
100%
Avg Days on Market
49
Loan Type
Conventional (28.57%), FHA (28.57%), VA (0%), Cash (14.29%), Other (14.29%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.