1004 N Poinsettia, Compton, CA 90221
- $880,000
- Sold Price
- $880,000
- List Price
- $895,000
- Closing Date
- Jul 16, 2026
- Status
- CLOSED
- MLS#
- CV26053100
- Year Built
- 1955
- Lot Size
- 8,199
- Acres
- 0.19
- Lot Location
- Flag Lot
- Days on Market
- 80
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
Property Description
BUYER FAILED TO PERFORM! Back in the market! Trust Sale priced to sell. Rare opportunity to acquire a 7 unit multifamily asset in Compton at an aggressive entry basis. Distressed value add opportunity ideal for experienced investors seeking significant upside through renovation and repositioning. Property to be sold AS IS with buyer to assume existing tenancies. Currently 5 of 7 units are occupied, providing in place income with immediate upside through lease up and rental increases. Rents are significantly below market, currently ranging from approximately $500 to $650 per month. Unit mix consists of two 2 bedroom 1 bath units and five 1 bedroom 1 bath units, all with one car garages. Based on projected post renovation performance, the property may support approximately $168,000 in gross scheduled income and a stabilized value in the $1.5M to $1.7M range. Offered at approximately $107,000 per unit and an estimated 4.5 GRM on pro forma. Seller to provide available estoppels and disclosures. Some occupants have indicated possible willingness to relocate however no guarantees are made and buyer to independently verify all tenancy matters. Listing agents will not participate in tenant negotiations. Ideal for cash or well capitalized investors comfortable with renovation, vacancy and repositioning. Conveniently located near major freeways transportation corridors and local amenities supporting long term rental demand. All rental figures are pro forma estimates based on post renovation potential and do not represent current actual rents. All information is deemed reliable but not guaranteed may be inaccurate or incomplete and is subject to buyer verification.
Additional Information
- Appliances
- Gas Oven, Water Heater
- Pool Description
- None
- Heat
- None
- Cooling Description
- None
- Exterior Construction
- Drywall, Stucco
- Roof
- Shingle
- Garage Spaces Total
- 7
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Balcony
- Attached Structure
- Detached
- Number Of Units Total
- 7
- Gross Scheduled Income
- $168,252
- Operating Expense
- 55944
Listing courtesy of Listing Agent: Enrique Vasquez-Plaza (enriqueC21masters@gmail.com) from Listing Office: Century 21 Masters.
Listing sold by Jose Nunez from Realty Executives All Cities
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.