1040 W Reeve, Compton, CA — listing photo 1
1 / 1
FOR SALENew Listing

1040 W Reeve

Compton, CA 90220
7,816 Lot Sq Ft
Built 1955
$1,300,000

Property Overview

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!

Home Details

Property type
Residential Income - Quadruplex
Year built
1955
Lot size
7,816 sq ft
Parking
4 spaces
Garage
4 spaces
Stories
2
Days on market
7
MLS status
Active

Features & Amenities

Parking

  • Driveway
  • Garage
  • On Street

Pool

  • None

Lot

  • Zero To One Unit Acre

Community, Schools & Utilities

Utilities

Water
Public
Sewer
PublicSewer
Browse more homes for sale in Compton

Location & Neighborhood

1040 W Reeve

Compton, CA 90220

Open in Google MapsOpen in Apple Maps

Frequently Asked Questions About 1040 W Reeve

Property type: Residential Income

The current asking price is $1,300,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 1040 W Reeve. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1955. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Compton, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Compton property.
The MLS currently reports the property as Active. It has been listed for 7 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

Get More Info

Crown Coastal Support Team

Direct support from our real estate team

No obligation. Your inquiry goes directly to the Crown Coastal team.

RB

Reza Barghlameno

eXp of California

Call: +1 (858) 305-4362
Email: contact@crowncoastalhomes.com

Listing Agent

Name: Andrew Youngmark
MLS ID: SYOUNAND

Available property

$1,300,000

CRMLS Logo

Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.