Manuel Morales
JohnHart Corp.
(661) 241-9806
174 Total Sales
1 in Compton
$479,000 Price
1024 W Reeve St Compton, CA 90220
Compton Area
10
Beds
4
Baths
4,112
Sq Ft
9,218
Sq Ft Lot
Highlights
- Wrought Iron Fence
- Vinyl Flooring
- Wall Furnace
About This Home
As of September 2026Excellent 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.
Last Agent to Sell the Property
Circle Real Estate Brokerage Phone: 562-754-0660 License #01279393 Listed on: 07/23/2026
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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
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 23, 2026
Closed on
Aug 4, 2026
Sold by
Kim Hoa Investments Llc
Bought by
Seller's Agent
Mark Perez
Circle Real Estate
Buyer's Agent
Genesis White
Real Estate Source, Inc
List Price
$1,128,000
Sold Price
$1,300,000
Premium/Discount to List
$172,000
15.25%
Views
8
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-94.93%
Original Mortgage
$1,235,000
Outstanding Balance
$1,233,894
Interest Rate
6.55%
Mortgage Type
New Conventional
Estimated Equity
-$178,845
Purchase Details
Listed on
Jul 23, 2026
Closed on
Aug 3, 2026
Sold by
Cau Luu and Ngo Luu Sandra
Bought by
Luu Sandra Ngo
Seller's Agent
Mark Perez
Circle Real Estate
Buyer's Agent
Genesis White
Real Estate Source, Inc
List Price
$1,128,000
Sold Price
$1,300,000
Premium/Discount to List
$172,000
15.25%
Views
8
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,235,000
Outstanding Balance
$1,233,894
Interest Rate
6.55%
Mortgage Type
New Conventional
Estimated Equity
-$178,845
Purchase Details
Closed on
Apr 22, 2011
Sold by
Luu Sandra Ngo
Bought by
Kim Hoa Investments Llc
Purchase Details
Closed on
Aug 12, 2005
Sold by
Luu Sandra Ngo
Bought by
Luu Cau and Luu Sandra Ngo
Purchase Details
Closed on
Mar 25, 2004
Sold by
Do Mary
Bought by
Luu Sandra Ngo
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
5.57%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 8, 2004
Sold by
Luu Cau
Bought by
Luu Sandra Ngo
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
5.57%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 18, 2003
Sold by
Nguyen Van Kien
Bought by
Do Mary
Purchase Details
Closed on
Nov 14, 2002
Sold by
Ly Ha Thi Khanh and Tran Jeremy Charlies
Bought by
Nguyen Van Kien
Purchase Details
Closed on
Jun 17, 2002
Sold by
Vannguyen Alan
Bought by
Ly Ha Thi Khanh and Tran Jeremy Charlies
Purchase Details
Closed on
Apr 15, 2002
Sold by
Wright Alvin
Bought by
Vannguyen Alan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,000
Interest Rate
6.37%
Purchase Details
Closed on
Jan 14, 2000
Sold by
Development Secretary Of Housing And Urban
Bought by
Wright Alvin
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,360
Interest Rate
4.4%
Purchase Details
Closed on
Nov 24, 1998
Sold by
Norwest Mtg Inc
Bought by
Hud
Purchase Details
Closed on
Jun 3, 1998
Sold by
Becerra Otilia Ortega and Rivas Leonor B
Bought by
Norwest Mtg Inc
Purchase Details
Closed on
Dec 30, 1997
Sold by
New Haven Corp
Bought by
Lambro Investments
Purchase Details
Closed on
Dec 6, 1997
Sold by
Becerra Otilia Ortega and Rivas Leonor B
Bought by
New Haven Corp
Purchase Details
Closed on
Oct 9, 1996
Sold by
Espinoza Lorenzo
Bought by
Becerra Otilia Ortega and Rivas Leonor B
Purchase Details
Closed on
Jul 10, 1996
Sold by
Espinoza Cynthia
Bought by
Espinoza Lorenzo
Purchase Details
Closed on
Jun 21, 1996
Sold by
Ge Capital Mtg Services Inc
Bought by
Espinoza Lorenzo
Purchase Details
Closed on
Feb 27, 1996
Sold by
Texas Commerce Bank National Assn
Bought by
Ge Capital Mtg Services Inc
Purchase Details
Closed on
Jun 24, 1994
Sold by
Title Trust Deed Service Company
Bought by
Texas Commerce Bank National Association
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Compton, CA
-
Manuel Morales
-
Marvin Phillip
Marvin Phillip
Y Realty
(562) 740-8346
32 Total Sales
1 in Compton
$938,000 Price
-
Michelle Covington
Michelle Covington
Compass
(323) 416-3171
24 Total Sales
2 in Compton
$480K - $731K Price Range
-
Ramon Sanchez
Ramon Sanchez
Century 21 Allstars
(562) 684-6070
169 Total Sales
8 in Compton
$455K - $1.1M Price Range
-
Aaron Juarez
Aaron Juarez
Responds QuicklyColdwell Banker Icon
(855) 560-5718
89 Total Sales
1 in Compton
$555,000 Price
-
Mario Mariscal
Mario Mariscal
Better Homes and Gardens RE
(562) 471-4695
103 Total Sales
3 in Compton
$305K - $620K Price Range
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 |
Source: Public Records
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: Public Records
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 |
|---|---|---|---|---|
| 09/07/2026 09/07/26 | For Rent | $2,500 | -19.4% | -- |
| 09/07/2026 09/07/26 | For Rent | $3,100 | 0.0% | -- |
| 09/01/2026 09/01/26 | Sold | $1,300,000 | +15.2% | $316 / Sq Ft |
| 07/30/2026 07/30/26 | Pending | -- | -- | -- |
| 07/23/2026 07/23/26 | For Sale | $1,128,000 | -- | $274 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 |
Source: Public Records
Agents Affiliated with this Home
-
Genesis White
Seller's Agent in 2026
Genesis White
Real Estate Source, Inc
(323) 842-4991
11 Total Sales
-
Mark Perez
Seller's Agent in 2026
Mark Perez
Circle Real Estate
(562) 924-3090
108 Total Sales
Map
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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