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1307 E Peck St, Compton, CA 90221

$1,900,000
•
14
bed
10
bath
5,016
Sqft ($379/Sqft)

Multi-family for sale 31 days

Movoto is helping 89 homebuyers near you

About 1307 E Peck St

Property type Multi-family

Neighborhood

Year built 1950

HOA fee $0/month

Lot size 0.4 Acre

Movoto estimate

Parking 10 garage spaces

Property description

We are pleased to present 1307-1311 E Peck, a 10-unit multifamily community located in Compton, that is priced at a 7.48% CAP and an 8.42 GRM on current rents with 3 units delivered vacant and upside to operate at an 8.36% CAP and a 7.80 GRM. 1307-1311 E Peck St is situated in close proximity to the 105 and 710 freeways offering convenient access to neighboring cities such as Los Angeles, Lynwood, South Gate, Gardena and Long Beach. Nearby tenant amenities include the Compton Town Center, Plaza Mexico, Compton Art & History Museum, and the Dominguez Rancho Adobe Museum. The property is comprised of two, single-story side-by-side five-unit buildings, totaling 5,016 rentable square feet, constructed in 1950 with a strong unit mix of four (4) two-bedroom units and six (6) one-bedroom units located on 17,323 square feet of land. Half of the units have been renovated, and three units will be delivered VACANT and renovated at closing: two 2BDs and one 1BD. There is also ample on-site uncovered parking along with ten (10) one-car garages providing potential for ADU conversions. Contact the listing broker for additional information.

Listed by

Listing Agent - Casey Lins

Listing Office - Kidder Mathews of California, Inc.

Source: The MLS

MLS#26673767 • last updated 3 days ago

Movoto checked The MLS for data 14 minutes ago

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Overview
Levels/Style	One
MLS #	26673767
Type	Residential Income
Status	Active
SqFt	5016
Lot Size (SqFt)	17323
Lot Size (Acres)	0.2016
Tax (Mello-Roos)	No
Year Built	1950

Interior
Total # of Baths	10
Total # of Bedrooms	14

Exterior
# Garage Spaces	10
# Parking Spaces	10
Parking Desc	Garage Is Detached
Lot Desc	2-4 Lots
Add'l Structures	Other

Amenities / Utilities
Equipment	Other
Inclusions	Both APNs: 6167-030-022 & 6167-030-023

Location
County	Los Angeles
Zoning	COPRH*
APN	6167-030-022

Multifamily Details
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	2300
Unit 8: Projected Rent	2300
Unit 3: Projected Rent	1850
Unit 1: Projected Rent	1850
Unit 7: Projected Rent	1850
Unit 10: # Beds	1
Unit 10: Actual Rent	2407
Unit 7: # Baths	1
Unit 9: # Beds	2
Unit 8: # Beds	2
Unit 1: # Beds	1
Unit 7: # Beds	1
Unit 6: # Beds	1
Unit 4: # Beds	1
Unit 7: Rent	1850
Unit 1: Rent	1185
Unit 2: Rent	2300
Unit 3: Rent	1185
Unit 4: Rent	1185
Unit 5: Rent	2300
Unit 6: Rent	1185
Unit 8: Rent	2808
Unit 9: Rent	2400
Unit 2: Furnished	No
Unit 10: Projected Rent	1850
Unit 2: Projected Rent	2300
Unit 6: Projected Rent	1850
Unit 5: Projected Rent	2300
Unit 4: Projected Rent	1850
Unit 3: # Beds	1
Unit 2: # Beds	2
Unit 2: # Baths	1
Unit 3: # Baths	1
Unit 1: # Baths	1
Unit 4: # Baths	1
Unit 8: # Baths	1
Unit 9: # Baths	1
Unit 5: # Beds	2
Unit 4: Actual Rent	1185
Unit 7: Actual Rent	1850
Unit 2: Actual Rent	2300
Unit 3: Actual Rent	1185
Unit 8: Actual Rent	2808
Unit 9: Actual Rent	2400
Unit Type	2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115
Unit 5: Actual Rent	2300
Unit 6: Actual Rent	1185
Unit 1: Actual Rent	1185
Unit 10: Rent	2407
Unit 10: # Baths	1
Total # Of Buildings	2
Net Operating Income	142199
Cap Rate	7.48
Vacancy Rate	20%
Gross Income	225636
Gross Operating Income	218867
Gross Rent Multiplier	8.42
Total Annual Expenses	76668