1040 W Reeve St Compton, CA 90220
Compton AreaEstimated payment $8,587/month
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 30-Day advance notice to terminate. Centrally located to restaurants, shopping, public transportation, freeway, LAX and New $200 million Compton High School featuring the $10 million Andre "Dr. Dre" Young Performing Arts Center. SOFI Stadium is only 10 miles away!
Listing Agent
Compass Brokerage Phone: 714-469-6238 License #01454228 Listed on: 09/18/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1955
Lot Details
- 7,816 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Parking
- 4 Car Garage
- Driveway
- On-Street Parking
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 4,008 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 10 Bedrooms
- 4 Full Bathrooms
Listing and Financial Details
- Tax Lot 8
- Tax Tract Number 14680
- Assessor Parcel Number 6141012049
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 3 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,500
- Water Sewer Expense $4,200
- Operating Expense $5,700
- Gross Income $114,450
- Net Operating Income $85,842
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 | $14,980 | $884,656 | $261,698 | $622,958 |
| 2025 | $14,980 | $867,311 | $256,567 | $610,744 |
| 2024 | $14,908 | $850,306 | $251,537 | $598,769 |
| 2023 | $14,730 | $833,634 | $246,605 | $587,029 |
| 2022 | $13,864 | $817,289 | $241,770 | $575,519 |
| 2021 | $13,992 | $801,265 | $237,030 | $564,235 |
| 2020 | $13,738 | $793,050 | $234,600 | $558,450 |
| 2019 | $13,575 | $777,500 | $230,000 | $547,500 |
| 2018 | $9,830 | $551,412 | $156,060 | $395,352 |
| 2017 | $9,545 | $540,600 | $153,000 | $387,600 |
| 2016 | $9,316 | $530,000 | $150,000 | $380,000 |
| 2015 | $7,144 | $409,843 | $153,691 | $256,152 |
| 2014 | $7,013 | $401,816 | $150,681 | $251,135 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 09/18/2026 09/18/26 | For Sale | $1,300,000 | +78.1% | $324 / Sq Ft | |
| 04/27/2018 04/27/18 | Sold | $730,000 | -8.7% | $182 / Sq Ft | View Prior Sale |
| 02/05/2018 02/05/18 | Pending | -- | -- | -- | |
| 11/25/2017 11/25/17 | For Sale | $799,900 | +100.0% | $200 / Sq Ft | |
| 03/07/2013 03/07/13 | Sold | $400,000 | -4.3% | $100 / Sq Ft | View Prior Sale |
| 10/21/2012 10/21/12 | Pending | -- | -- | -- | |
| 07/02/2012 07/02/12 | For Sale | $418,000 | -- | $104 / 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 | $777,500 | Old Republic Title Company | |
| Grant Deed | $730,000 | Old Republic Title Company | |
| Grant Deed | $530,000 | Lawyers Title | |
| Grant Deed | $400,000 | Progressive Title Company | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Grant Deed | -- | Stewart Title Of California | |
| Grant Deed | $260,000 | Stewart Title Of California | |
| Trustee Deed | $519,506 | First American Title Ins Co | |
| Grant Deed | $660,000 | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Fidelity Long Beach | |
| Interfamily Deed Transfer | -- | Fidelity Long Beach | |
| Corporate Deed | $155,000 | Investors Title Company | |
| Corporate Deed | $155,000 | Investors Title Company | |
| Trustee Deed | $161,500 | Stewart Title | |
| Grant Deed | -- | -- | |
| Trustee Deed | $34,504 | Stewart Title |
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 |
|---|---|---|---|
| Open | $583,125 | Commercial | |
| Previous Owner | $716,777 | FHA | |
| Previous Owner | $520,400 | FHA | |
| Previous Owner | $392,755 | FHA | |
| Previous Owner | $121,000 | Purchase Money Mortgage | |
| Previous Owner | $350,000 | Balloon | |
| Previous Owner | $350,000 | Balloon | |
| Previous Owner | $495,000 | Purchase Money Mortgage | |
| Previous Owner | $292,500 | Purchase Money Mortgage |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC26204939
APN: 6141-012-049
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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