1024 W Reeve St Compton, CA 90220
Compton AreaEstimated payment $6,780/month
Highlights
- Wrought Iron Fence
- Vinyl Flooring
- Wall Furnace
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 investors seeking strong income potential and long-term cash flow. Cap rate %8.9 Conveniently located near shopping, schools, public transportation, and major freeways. With all four units delivered vacant and rent-ready, the property offers an investor the opportunity to immediately begin leasing the units and maximizing its income potential.
Listing Agent
Circle Real Estate Brokerage Phone: 562-754-0660 License #01279393 Listed on: 07/23/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1955
Lot Details
- 9,218 Sq Ft Lot
- 1 Common Wall
- Wrought Iron Fence
- Density is up to 1 Unit/Acre
Parking
- 4 Open Parking Spaces
- 4 Car Garage
Home Design
- Quadruplex
- Entry on the 2nd floor
- Shingle Roof
Interior Spaces
- 4,112 Sq Ft Home
- 2-Story Property
Flooring
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 10 Bedrooms
- 4 Bathrooms
Location
- Urban Location
Utilities
- Wall Furnace
- Standard Electricity
Listing and Financial Details
- Tax Lot 10
- Tax Tract Number 14680
- Assessor Parcel Number 6141012051
- $1,243 per year additional tax assessments
Community Details
Overview
- 4 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $33,528
- Gross Income $100,584
- Net Operating Income $100,584
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $7,031 | $371,524 | $160,138 | $211,386 |
| 2025 | $7,031 | $364,241 | $156,999 | $207,242 |
| 2024 | $6,976 | $357,100 | $153,921 | $203,179 |
| 2023 | $6,894 | $350,099 | $150,903 | $199,196 |
| 2022 | $6,521 | $343,236 | $147,945 | $195,291 |
| 2021 | $6,552 | $336,507 | $145,045 | $191,462 |
| 2019 | $6,366 | $326,528 | $140,744 | $185,784 |
| 2018 | $6,101 | $320,127 | $137,985 | $182,142 |
| 2016 | $5,765 | $307,698 | $132,628 | $175,070 |
| 2015 | $5,503 | $303,077 | $130,636 | $172,441 |
| 2014 | $5,410 | $297,142 | $128,078 | $169,064 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/30/2026 07/30/26 | Pending | -- | -- | -- |
| 07/23/2026 07/23/26 | For Sale | $1,128,000 | -- | $274 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $385,000 | Stewart Title Irvine | |
| Interfamily Deed Transfer | -- | Stewart Title Irvine | |
| Grant Deed | $360,000 | Southland Title Corporation | |
| Grant Deed | -- | -- | |
| Interfamily Deed Transfer | -- | Southland Title Corporation | |
| Grant Deed | $290,000 | Southland Title Corporation | |
| Grant Deed | $195,500 | Provident Title | |
| Grant Deed | -- | Benefit Land Title Company | |
| Trustee Deed | $234,638 | Benefit Land Title Ins Co | |
| Grant Deed | -- | -- | |
| Grant Deed | -- | -- | |
| Grant Deed | $223,000 | First American Title Co | |
| Interfamily Deed Transfer | -- | Stewart Title | |
| Grant Deed | $112,000 | Stewart Title | |
| Grant Deed | -- | Stewart Title | |
| Trustee Deed | $175,000 | Gateway Title Company |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $230,000 | Purchase Money Mortgage | |
| Previous Owner | $261,000 | No Value Available | |
| Previous Owner | $146,360 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: RS26151216
APN: 6141-012-051
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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