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1040 Reeve, Compton, CA 90220

Compton
Local realty services provided by:CENTURY 21 Masters
1040 Reeve,Compton, CA 90220
$1,300,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: andrew youngmark
Office: compass
MLS#:OC26204939
Source:MLSListings

Price summary

  • Price:$1,300,000

About this home

Excellent investment opportunity! Property consists of 4 units (2 = 3 beds/1 bath & 2 = 2 beds/1 bath). All units show very well. Units are separately metered and each unit has its own hot water tank. Based on Section 8 payment standards: Rents of $3,098 / month for each 3-bedroom unit and $2,490 / 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 would project Net Operating Income (NOI) of approximately $100,584 / year. JUST BY RENTING OUT THE VACANT UNIT AT THE PRO FORMA RENT, THE CAP RATE WOULD BE 6.6% MAKING THIS A GREAT INVESTMENT PROPERTY! Property is professionally managed and on month-to-month basis providing Buyer flexibility if they chose to either (a) manage themselves, (b) continue with current manager or (c) use their own manger. Current contract requires...

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Home facts

  • Year built:1955
  • Listing ID #:OC26204939
  • Added:1 day(s) ago
  • Updated:September 20, 2026 at 03:59 PM

Structure and exterior

  • Year built:1955
  • Lot area:0.18 Acres
  • Lot Features:Mid Block

Utilities

  • Water:District - Public

Finances and disclosures

  • Price:$1,300,000

Parking

  • Parking description:Garage, Off Street Parking, Other
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