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1024 W Reeve, Compton, CA 90220

Compton
Local realty services provided by:CENTURY 21 Lois Lauer Realty
1024 W Reeve,Compton, CA 90220
$1,300,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: mark perez
Office: circle real estate562-521-9022
MLS#:RS26151216
Source:CRMLS

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Price summary

  • Price:$1,300,000

About this home

Excellent investment opportunity in Compton! 1024 W. Reeve St. is a four-unit residential income property featuring two 3-bedroom, 1-bath units and two 2-bedroom, 1-bath units. The property is being delivered 100% vacant and rent-ready, allowing the new owner to immediately lease the units, select their own tenants, and establish new rental income. Based on projected Section 8 rents of $3,098 per month for each 3-bedroom unit and $2,490 per month for each 2-bedroom unit, the property has the potential to generate approximately $11,176 in gross monthly rental income and $134,112 in gross annual rental income. Using estimated operating expenses of 25% of gross rental income ($33,528 annually), the property has a projected Net Operating Income (NOI) of approximately $100,584 per year. Offered at $1,128,000, the property provides an estimated 8.9% capitalization rate based on projected rents and estimated operating expenses of 25%, presenting a compelling opportunity for...

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Home facts

  • Year built:1955
  • Listing ID #:RS26151216
  • Added:67 day(s) ago
  • Updated:September 16, 2026 at 06:47 AM

Rooms and interior

  • Flooring:Laminate, Vinyl

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Roof:Shingle
  • Year built:1955

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,300,000

Parking

  • Total parking spaces:8
  • Garage:Yes
  • Garage spaces:4
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