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Bath
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1000 N Sloan Ave, Compton, CA 90221

$1,750,000

•

12
bed
13
bath
5,640
Sqft ($310/Sqft)

Multi-family for sale 15 hours

About 1000 N Sloan Ave

Property type Multi-family

Neighborhood

Year built 1949

HOA fee $0/month

Lot size 0.32 Acre

Movoto estimate

Property description

Unique value add deal being sold by long term owners as part of a large portfolio sale. The property is currently 60% vacant, but full of upside. Vacant units have not been advertised for rent due to a death in the family, and an experienced operator could do very well with this property. This 10 unit is sits on 2 separate parcels with a shared driveway. With 6 units currently vacant, the property is primed for rapid repositioning and lease at market rents. 6 units have already been remodeled, giving a strong head start on interior upgrades. There are 6 carports under the rear 2 units, and 8 open parking spaces in front. Significant upside remains with potential for rear ADU additions. Located near Rosecrans and Long Beach Blvd, near daily conveniences including Subway, Wingstop, Little Caesars, La Michoacana, Mc Donalds, and T-Mobile. Just 2 blocks from Lueders Park Community Center. Located between the Compton Town Center on Alameda and the Northgate Market on Atlantic. A rare Compton value-add deal where the property is in good condition and the Buyer can choose their own tenants.

Listed by

Listing Agent - Dana Coronado

Listing Office - Compass

Source: The MLS

MLS#26989749 • last updated 18 hours ago

Movoto checked The MLS for data 16 minutes ago

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Overview
Levels/Style	Two
MLS #	26989749
Type	Residential Income
Status	Active
SqFt	5640
Lot Size (SqFt)	14138
Year Built	1949
Condition	Updated/Remodeled

Interior
Bathroom Desc	Low Flow Toilet(s), Low Flow Shower(s)
Total # of Baths	13
Total # of Bedrooms	12
Kitchen	Formica Counters
Flooring	Laminate, Vinyl Tile
Fireplace Desc	None
Appliances	Oven, Range
Interior Features	Common Walls, Turnkey
Accessibility Features	None

Exterior
Foundation	Raised
Exterior	Frame, Stucco
Roof	Composition
# Carport Spaces	8
# Parking Spaces	16
Parking Desc	Carport Attached, Carport, Side By Side
Patio	Porch - Rear
Lot Desc	2-4 Lots, Fenced
Add'l Structures	None
Lot Location	City

Amenities / Utilities
Water	Public
Sewer/ Septic	In Connected And Paid
Water Heater	Water Heater Unit
Equipment	Ceiling Fan, Refrigerator, Range/Oven, Gas Dryer Hookup
Pool	None

Location
County	Los Angeles
Waterfront	None
Zoning	COPRH*
APN	6178-017-036

Multifamily Details
Tenant Pays	Electricity, Gas
Unit 5: # Baths	1, 1
Unit 8: Furnished	No
Unit 9: Furnished	No
Unit 3: Furnished	No
Unit 1: Furnished	No
Unit 6: Furnished	No
Unit 7: Furnished	No
Unit 4: Furnished	No
Unit 5: Furnished	No
Unit 10: Furnished	No
Unit 9: Projected Rent	1700
Unit 8: Projected Rent	1700
Unit 3: Projected Rent	2100
Unit 1: Projected Rent	1700
Unit 7: Projected Rent	2100
Unit 10: # Beds	2
Unit 7: # Baths	2
Unit 9: # Beds	1
Unit 8: # Beds	1
Unit 1: # Beds	1
Unit 7: # Beds	2
Unit 6: # Beds	1
Unit 4: # Beds	1
Unit 1: Rent	1217
Unit 3: Rent	1394
Unit 4: Rent	1232
Unit 5: Rent	696
Owner Pays	Water, Gardener
Unit 2: Furnished	No
Unit 10: Projected Rent	2100
Unit 2: Projected Rent	1700
Unit 6: Projected Rent	1700
Unit 5: Projected Rent	1500
Unit 4: Projected Rent	1700
Unit 3: # Beds	2
Unit 2: # Beds	1
Unit 2: # Baths	1
Unit 3: # Baths	2
Unit 1: # Baths	1
Unit 4: # Baths	1
Unit 8: # Baths	1
Unit 9: # Baths	1
Unit 4: Actual Rent	1232
Unit 3: Actual Rent	1394
Unit Type	2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115
Unit 5: Actual Rent	696
Unit 1: Actual Rent	1207
Unit 10: # Baths	2
Total # Of Buildings	6
Net Operating Income	131897
Cap Rate	7.54
Vacancy Rate	60%
Gross Income	186468
Gross Operating Income	180874
Gross Rent Multiplier	9.38
Total Annual Expenses	48977