Seller's Agent in 2025
Vincent Cook
Kidder Mathews of California, Inc
(310) 982-7055
1 in this area
10 Total Sales
8800 Compton Ave Los Angeles, CA 90002
2
Beds
3
Baths
1,864
Sq Ft
6,046
Sq Ft Lot
About This Home
As of January 2025We are pleased to present 8800 Compton Ave, a rare FULLY VACANT property in Los Angeles consisting of 2 one-bedroom units + 1 commercial structure that is primed for an ADU conversion into 2 additional units with the potential to operate at a 12%+ CAP rate. Built in 1926, this opportunity consists of two separate structures totaling 1,864 rentable square feet that is situated on a 6,047 square foot, LCC3 zoned corner lot, with street frontage off of Compton Ave & E 88th St as well as with alley access. The unit mix consists of 2 one-bedroom units located in front duplex with a rear commercial building that was previously used as a church. Being delivered 100% vacant presents the next investor a unique opportunity to immediately reposition the property, and either re-rent the commercial unit to a new user or add density by converting the structure to 2 ADUs with 2 one-bedroom units, while ultimately providing flexibility for determining unit rehab finishes and new tenant selection to stabilize the property at market rents. 8800 Compton Ave is situated in a transit-oriented location near numerous bus stops and the Firestone Light Rail Station, as well as a number of community establishments such as Raul’s Market, Mercardo Don Juan, Rudy’s Baker, Nadeau Cafe, Playa Azul Tortilleria and Market, Birrieria Jalisco and Norteno Bar and Grill.
Last Agent to Sell the Property
Kidder Mathews of California, Inc Brokerage Phone: 310-405-3654 License #02012324 Listed on: 10/22/2024
Property Details
Home Type
- Condominium
Year Built
- Built in 1926
Lot Details
- 1 Common Wall
- Density is 2-5 Units/Acre
Home Design
- Entry on the 1st floor
- Shingle Roof
- Stucco
Interior Spaces
- 1,864 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 2 Bedrooms
- 3 Bathrooms
Parking
- Parking Available
- Uncovered Parking
Additional Features
- Urban Location
- Wall Furnace
Listing and Financial Details
- Tax Lot 126
- Tax Tract Number 535
- Assessor Parcel Number 6044004001
- $890 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 3 Units
Building Details
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $4,800
- Trash Expense $1,700
- Water Sewer Expense $1,700
- Operating Expense $23,613
- Gross Income $107,088
- Net Operating Income $83,476
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 10, 2024
Sold by
Liv John and Liv Barbara
Bought by
Boyz Ii Main Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Outstanding Balance
$277,056
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$363,528
Purchase Details
Closed on
Jul 11, 2012
Sold by
Blair John Lee
Bought by
Blair Barbara Ann
Purchase Details
Closed on
Jun 14, 2001
Sold by
Blair John L and Blair Barbara
Bought by
Blair John Lee
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $400,000 | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $280,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/24/2025 01/24/25 | Sold | $625,000 | -10.1% | $335 / Sq Ft |
| 11/25/2024 11/25/24 | Price Changed | $695,000 | -7.2% | $373 / Sq Ft |
| 11/04/2024 11/04/24 | Price Changed | $749,000 | -4.6% | $402 / Sq Ft |
| 10/22/2024 10/22/24 | For Sale | $785,000 | -- | $421 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| 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 | $2,310 | $400,000 | $320,000 | $80,000 |
| 2024 | $2,310 | $119,437 | $33,828 | $85,609 |
| 2023 | $2,281 | $117,096 | $33,165 | $83,931 |
| 2022 | $2,199 | $114,801 | $32,515 | $82,286 |
| 2021 | $2,168 | $112,551 | $31,878 | $80,673 |
| 2020 | $2,176 | $111,398 | $31,552 | $79,846 |
| 2019 | $2,115 | $109,215 | $30,934 | $78,281 |
| 2018 | $1,965 | $107,075 | $30,328 | $76,747 |
| 2016 | $1,871 | $102,919 | $29,151 | $73,768 |
| 2015 | $1,846 | $101,374 | $28,714 | $72,660 |
| 2014 | $1,845 | $99,389 | $28,152 | $71,237 |
Source: Public Records
Agents Affiliated with this Home
-
Vincent Cook
-
Lisa Smith
Buyer's Agent in 2025
Lisa Smith
eXp Realty of Greater L.A
(323) 855-1907
2 in this area
21 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB24218634
APN: 6044-004-001
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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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