Description

We are pleased to present 1307-1311 E Peck, a 10-unit multifamily community located in Compton, that is priced at a 7.07% CAP and 8.92 GRM on current rents with upside to operate at a 9.38% CAP and a 7.29 GRM. 1307-1311 E Peck is situated in close proximity to the 105 and 710 freeways offering convenient access to neighboring cities such as Los Angeles, Lynwood, South Gate, Gardena and Long Beach. Nearby tenant amenities include the Compton Town Center, Plaza Mexico, Compton Art & History Museum, and the Dominguez Rancho Adobe Museum. The property is comprised of two, single story side by side five-unit buildings, totaling 5,016 rentable square feet, constructed in 1950 with a strong unit mix of 4 two-bedroom units and 6 one-bedroom units located on 17,323sf of land. Half of the units have been renovated, and one 2BD unit will be delivered VACANT and renovated. There is also ample onsite uncovered parking along with 10 1-car garages providing potential for ADU conversions. Contact the listing broker for additional information.