2 months on rocket

8800 Compton Ave, Los Angeles, CA, 90002

$695,000

Home List Price

$8,253*

Closing Credit

0 Baths
Condo

Location

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8800 Compton Ave, Los Angeles$695,000

Buyer Closing Credits

$8,253*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingUncovered
Year Built1926
HeatingWall Furnace
CoolingNone
FireplaceNone
ViewNone
MLS #SB24218634
Lot Size0.14 Acres
StatusActive

About 8800 Compton Ave

We 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 Café, Playa Azul Tortilleria and Market, Birrieria Jalisco and Norteno Bar and Grill.

Property Details

Property Features

Property Information:

  • Year Built: 1926
  • Stories: 1

Listing Office:

  • Office Name: Kidder Mathews of California, Inc
  • Office Phone: (310) 405-3654
  • Listing Agent: Vincent Cook

Interior Features

Interior Information:

  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None

Parking Information:

  • Parking: Uncovered

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: None

Other

Directions Information:

  • Directions: Head East on Firestone Blvd, South on Compton Ave, East on E 88th St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $695,000

Tax Information:

  • Annual Amount: $2,168
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

8800 Compton Ave vs Los Angeles

60 DAYS ON ROCKET

+22 Days

$695,000

-$326.5K Less

KEY TAKEAWAY

This property is $326.5K less than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #SB24218634

Listing Office:

  • Office Name: Kidder Mathews of California, Inc
  • Office Phone: (310) 405-3654
  • Listing Agent: Vincent Cook

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: 12/22/2024, 1:20:58 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$2,168$112,551
2020$2,115$111,398
2019$1,964$109,215
2018$1,930$107,075
2017$1,930$104,977

History based on county public records data.

Payment Calculator

$3,536

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,150

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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-844062
5
/10

  • Judith F. Baca Arts Academy

  • 1536 E 89th St

  • 0.10 miles

  • Public District Grades KG-6

school-card-donut-844063
5
/10

  • Russell Elementary School

  • 1263 Firestone Blvd

  • 0.38 miles

  • Public District Grades PK-6

school-card-donut-844064
3
/10

  • 96th Street STEAM Academy

  • 1471 E 96th St

  • 0.50 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,632. The majority of Los Angeles, CA residents have income less than $35k annually. Typical family type is married, with kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 8800 Compton Ave

What is the listing price of this property?

The listing price of 8800 Compton Ave property is $695,000.

What type of property is this?

The property 8800 Compton Ave is a condo located in Los Angeles, California, 90002.

Is this property for sale now?

Active Listing: 8800 Compton Ave 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 $2,168 (source: MLS/based on county public records data).

Which year was this property built?

The year of construction for 8800 Compton Ave is 1926.

Rocket Homes›California›Los Angeles County›Los Angeles›90002›8800 Compton Ave

This home is located at 8800 Compton Ave in Los Angeles, CA and zip code 90002 in the South LA neighborhood. This home, which was built in 1926, sits on a 0.14 acre lot. It has been listed on Rocket Homes since October 22, 2024 and is currently priced at $695,000.

Over 512 listings were sold over their listed price in November 2024 in Los Angeles, CA. In the same period over 657 listings were sold below the listed price and 177 listings were sold for the listed price. Between October 2024 and November 2024, Los Angeles, CA real estate market has seen decrease in the number of listings by 0.6%. Listings spent 38 days on the market in November 2024, and had a median list price of $1,021,532 during the same period.

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

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