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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54/100
Somewhat Walkable
Walk Score ®
0/100
Minimal Transit
Transit Score ®
61/100
Bikable
Bike Score ®
Some errands can be accomplished on foot. It is possible to get on a bus. Some bike infrastructure.
The average walkability score in the surrounding area is Walk Score: 55/100, Transit Score: 14/100, Bike Score: 53/100.
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Source: Realty.com
1024 W Reeve, Compton, CA 90220 in Compton, CA 90220 is a multi family listed at $1,128,000. Highlights include 10 bedrooms, 4 bathrooms, 0.21 acre lot. Realty.com has 69 photos, sales history, school insights, and mortgage tools for this listing.
Realty.com has 69 photos of 1024 W Reeve.
The full address for this home is 1024 W Reeve, Compton, CA 90220.
1024 W Reeve has been listed on Realty.com since Thu July 23, 2026
Some errands can be accomplished on foot. It is possible to get on a bus. Some bike infrastructure.
The average walkability score in the surrounding area is Walk Score: 55/100, Transit Score: 14/100, Bike Score: 53/100.
There are 3 schools assigned to this home. Check out the schools near 1024 W Reeve. Longfellow Elementary School (Grades: PK - 8), Walton Middle School (Grades: 6 - 8), California Academy Of Mathematics And Science (Grades: 9 - 12)
Listing provided courtesy of:
Circle Real Estate
(tel: 562-521-9022)
Listing agent:
Mark Perez
(#CR-RPEREMAR)
This content last refreshed on 2026-08-21 03:37:19. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
