1024 W Reeve St Compton, CA 90220
Estimated payment $6,679/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.
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 |
|---|---|---|---|---|
| 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 |
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 |
|---|---|---|---|
| Closed | $230,000 | Purchase Money Mortgage | |
| Closed | $261,000 | No Value Available | |
| Closed | $146,360 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: RS26151216
APN: 6141-012-051
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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