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1024 W Reeve , Compton, CA 90220
$1,128,000
Est. Payment: $5,675.92/mo
10 Bed
4 Bath
0 Sqft
Status: pending | Days on site: 20
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Chris Heller
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House Description

Excellent investment opportunity in Compton! 1024 W. Reeve St. is a four-unit residential income property featuring two 3-bedroom, 1-bath units and two 2-bedroom, 1-bath units. The property is being delivered 100% vacant and rent-ready, allowing the new owner to immediately lease the units, select their own tenants, and establish new rental income. Based on projected Section 8 rents of $3,098 per month for each 3-bedroom unit and $2,490 per 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 has a projected Net Operating Income (NOI) of approximately $100,584 per year. Offered at $1,128,000, the property provides an estimated 8.9% capitalization rate based on projected rents and estimated operating expenses of 25%, presenting a compelling opportunity for investors seeking strong income potential and long-term cash flow. Cap rate %8.9 Conveniently located near shopping, schools, public transportation, and major freeways. With all four units delivered vacant and rent-ready, the property offers an investor the opportunity to immediately begin leasing the units and maximizing its income potential.
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Highlights

Listed by Mark Perez , 562-754-0660 Circle Real Estate , 562-521-9022. San Diego County Multiple Listing Service mls logo

Property Type

Multi-Family
Lot/Acreage
0.21

County

Los Angeles

Listing ID

RS26151216

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:10
  • ▪ Bathrooms:4
  • ▪ Full Bathrooms:
Air Cond:N/K
Fireplaces:

Exterior Features

Zoning:Estimated
Principal Interest
$5,676
Taxes
$719

Home Price

$1,128,000

Loan Details

30 yrs
6.453%

Down Payment

20%
$225,600
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$5,675.92

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,675.92 $719.10 $0.00 $6,395.02
Yearly $68,111.01 $8,629.20 $0.00 $76,740.21
Total $2,043,330.36 $258,876.00 $0.00 $2,302,206.36

Today's Rates

30 Year

6.45%

20 Year

6.33%

15 Year

5.88%

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Market insight data is pulled from the same city as the listing being viewed (Compton, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

The data relating to real estate for sale on this web site comes in part from the San Diego MLS, Inc.. Real estate listings held by brokerage firms other than Heller Real Estate Group | eXp Realty of Southern California | PLACE are marked with the IDX logo. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

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Data last updated: 2026-08-08T22:20:38.000Z

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