new - 2 days on rocket

2201 E Compton Blvd, Compton, CA, 90221

$2,500,000

Home List Price

$10,000*

Closing Credit

16 Bedrooms
15 Baths
10,209 SqFt
$245/SqFt
House

Location

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2201 E Compton Blvd, Compton$2,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingAssigned, Door-Single, Garage
Garage14 spaces
Year Built1963
MLS #24460525
Lot Size0.26 Acres
StatusActive

About 2201 E Compton Blvd

We are pleased to offer 2201 E Compton Blvd, a 15-unit multifamily property in the city of Compton, CA. This two-story, secured, and gated courtyard-style building offers a strong unit mix, comprised of fourteen (14) one-bedroom/one-bath units and one (1) two-bedroom/one-bath units. Built in 1963, the property boasts 10,209 rentable square feet on an 11,297 square foot lot with 14 single-car garages for tenant convenience. Additionally, the property falls under AB-1482, California's statewide rent control, allowing annual increases of 5% plus CPI. Currently, the property operates with no subsidized tenants and offers 25% rental upside potential without the need for any subsidy programs. However, additional upside can be realized by tapping into subsidies like the Housing Choice Voucher (HCV) Program, with maximum voucher amounts reaching $1,921 for 1-bedroom units and $2,222 for 2-bedroom units, while ensuring smooth rent collection. Whether you choose to maintain the property's current operations or tap into subsidy programs to maximize returns while streamlining rent collection, this asset presents an opportunity to acquire a well position property in one of Compton's most densely populated areas with significant upside and long-term growth.

Property Details

Property Features

Property Information:

  • Year Built: 1963
  • Stories: 2
  • Living Area: 10,209 SqFt

Listing Office:

  • Office Name: Matthews Real Estate Investment Services
  • Office Phone: (866) 889-0550
  • Listing Agent: Kamfar Kyle Mirrafati

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 16

Exterior Features

Parking Information:

  • Garage Space: 14 spaces
  • Parking: Assigned, Door-Single, Garage

Lot Features

Lot Information:

  • Lot Size: 0.26 Acres

Other

Directions Information:

  • Directions: See Google Maps

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,500,000
  • Price Per SqFt: $245/SqFt

Tax Information:

  • Annual Amount: $41,791
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Compton, CA.

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Compton, CA

City

Med. Sold Price

$630K

Med. Price/SqFt

$529

Avg. Days On Market

25

# of Sold Homes

33

2201 E Compton Blvd vs Compton

2 DAYS ON ROCKET

-23 Days

$2,500,000

+$1.8M More

$245/SqFt

-$284 Less

KEY TAKEAWAY

This property is $1.8M more than the Median Sold Price and $284/SqFt less than other homes in Compton, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24460525

Listing Office:

  • Office Name: Matthews Real Estate Investment Services
  • Office Phone: (866) 889-0550
  • Listing Agent: Kamfar Kyle Mirrafati

IDX 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/15/2024, 8:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$41,791$2,325,718
2020$19,023$937,171
2019$18,515$918,797
2018$17,976$900,783
2017$17,976$883,122

History based on county public records data.

Payment Calculator

$12.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,562

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-372183
6
/10

  • Stephen C. Foster Elementary School

  • 1620 N Pannes Ave

  • 0.71 miles

  • Public District Grades PK-5

school-card-donut-372184
7
/10

  • Augusta A. Mayo Elementary School

  • 915 N Mayo Ave

  • 0.92 miles

  • Public District Grades KG-5

school-card-donut-372185
4
/10

  • Ralph Waldo Emerson Elementary School

  • 1011 E Caldwell St

  • 1.05 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $43,209. Typical income of Compton, CA residents is less than $35k annually. Most families are married, with kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2201 E Compton Blvd

What is the listing price of this property?

The listing price of 2201 E Compton Blvd property is $2,500,000.

What type of property is this?

The property 2201 E Compton Blvd is a house located in Compton, California, 90221.

Is this property for sale now?

Active Listing: 2201 E Compton Blvd is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $41,791 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 2201 E Compton Blvd has 16 bedrooms and 15 bathrooms.

What is the square footage of this property?

The property 2201 E Compton Blvd is 10,209 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2201 E Compton Blvd is 1963.

Rocket Homes›California›Los Angeles County›Compton›90221›2201 E Compton Blvd

This home is located at 2201 E Compton Blvd in Compton, CA and zip code 90221 in the The Southeast neighborhood. This 10,209 square foot home, which was built in 1963, sits on a 0.26 acre lot. Features: 16 bedrooms, 15 bathrooms. It has been listed on Rocket Homes since November 12, 2024 and is currently priced at $2,500,000.

Compton, CA housing market in October 2024 saw over 24 listings sold above listed price, more than 2 sold at listed price and over 7 sold below. The inventory of homes for sale in Compton, CA between September 2024 and October 2024 increased by 8.3%. The median list price of listings available in October 2024 was $630,000, while the average time on the real estate market was 25 days.

From Rocket Homes Real Estate and based on county public records data.

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