10 Units on 2 Separate Parcels

$1,750,000

1000-1004 N Sloan Ave

# of Units: 10

GRM: 9.35

CAP Rate: 7.04%

Price/SF: $310

Building SF: 5,640

Lot SF: 1,138

Zoning: COPRH*

Year Built: 1949

Description

Unique value add deal being sold by long term owners as part of a large portfolio sale. The property is currently 60% vacant, but full of upside. Vacant units have not been advertised for rent due to a death in the family, and an experienced operator could do very well with this property. This 10 unit is sits on 2 separate parcels with a shared driveway. With 6 units currently vacant, the property is primed for rapid repositioning and lease at market rents. 6 units have already been remodeled, giving a strong head start on interior upgrades. There are 6 carports under the rear 2 units, and 8 open parking spaces in front. Significant upside remains with potential for rear ADU additions. Located near Rosecrans and Long Beach Blvd, near daily conveniences including Subway, Wingstop, Little Caesars, La Michoacana, Mc Donalds, and T-Mobile. Just 2 blocks from Lueders Park Community Center. Located between the Compton Town Center on Alameda and the Northgate Market on Atlantic. A rare Compton value-add deal where the property is in good condition and the Buyer can choose their own tenants.

Location

Located between Alameda St W and N Long Beach Blvd which is home to various popular food spots and retail stores. Directly across from a high-traffic neighborhood retail center featuring Subway, Wingstop, Little Caesars, La Michoacana, and T-Mobile. Close proximity to neighborhood amenities including Lueders Park Community Center and Angeles Abbey Memorial Park.

Property Highlights

60% VACANT 10 unit investment opportunity on 2 parcels with a shared driveway & 18 parking spaces in Compton near Rosecrans and Long Beach Blvd!
6 units currently vacant, allowing for immediate lease at market rents.
Property is in overall good condition. Units have been kept vacant by the long term owners due to a death in the family. Offered as part of a larger portfolio sale.
Rents last increased in June 2026.
SB721 Balcony Inspection Reports available for review.
6 units already remodeled with newer appliances, flooring, paint & wall A/C units (some are occupied)
3 units have separate parking leases, which are generally not subject to rent control (Buyer to verify).
8 carports available for tenants provided upside through potential rear ADU additions (Buyer to verify)
Buyer to assume responsibility for completing the City of Compton Presale Inspection Report repairs (including permits) after the close of escrow.
Located just south of Rosecrans between Alameda and Long Beach Blvd.
Directly across from a high-traffic neighborhood retail center featuring Subway, Wingstop, Little Caesars, La Michoacana, and T-Mobile, as well as Mc Donald’s.
Close proximity to neighborhood amenities including Lueders Park Community Center. Located between the Compton Town Center and Northgate Market.
Strong in-place demand drivers from surrounding residential density and daily-needs retail corridor.
Rare opportunity to choose your own tenants and perform upgrades prior to lease-up, if desired