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1307-1311 E Peck St 10 Unit Apartment Building $2,649,550 CAD ($264,955 CAD/Unit) 7.48% Cap Rate Compton, CA 90221
Executive Summary
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.
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.
Property Facts
| Price | $2,649,550 CAD | Building Class | C |
| Price Per Unit | $264,955 CAD | Lot Size | 0.40 AC |
| Sale Type | Investment | Building Size | 5,016 SF |
| Cap Rate | 7.48% | Average Occupancy | 80% |
| Gross Rent Multiplier | 8.42 | No. Stories | 1 |
| No. Units | 10 | Year Built | 1950 |
| Property Type | Multifamily | Parking Ratio | 1.99/1,000 SF |
| Property Subtype | Apartment | Cross Streets | Long Beach Blvd |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | COPRH - Two COPRH zoned midblock parcels totaling 17,323 SF. | ||
| Price | $2,649,550 CAD |
| Price Per Unit | $264,955 CAD |
| Sale Type | Investment |
| Cap Rate | 7.48% |
| Gross Rent Multiplier | 8.42 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 5,016 SF |
| Average Occupancy | 80% |
| No. Stories | 1 |
| Year Built | 1950 |
| Parking Ratio | 1.99/1,000 SF |
| Cross Streets | Long Beach Blvd |
| Opportunity Zone |
Yes |
| Zoning | COPRH - Two COPRH zoned midblock parcels totaling 17,323 SF. |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Oven
- Tub/Shower
- Pantry
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $3,562 CAD | - |
| 2+1 | 4 | $2,505 CAD | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,555,582 CAD | |
| Land Assessment | $777,785 CAD | Total Assessment | $2,333,367 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$777,785 CAD
Improvements Assessment
$1,555,582 CAD
Total Assessment
$2,333,367 CAD
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1307-1311 E Peck St
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