Lucrum Real Estate Group is pleased to present 4610 Compton Avenue, a five-unit multifamily investment opportunity situated in the Central-Alameda neighborhood of South Los Angeles, near Downtown Los Angeles, the City of Vernon’s industrial employment base, and the Metro A Line Vernon Station.
Built in 1962, the five-unit multifamily property encompasses approximately 3,124 square feet on a 4,880-square-foot lot zoned LAC2. The offering reflects an approximately 6.14% cap rate and 8.41 GRM, including projected monthly rent of $1,995 for the vacant two-bedroom/one-bath apartment.
The property’s reported average occupancy of 98% over the preceding twelve months reflects its recent leasing history. The offering presents ±36% rental upside potential, providing an opportunity for long-term income growth, subject to applicable rent regulations. One two-bedroom/one-bath apartment is currently vacant, offering an immediate lease-up opportunity, while below-market rent in the one-bedroom apartment supports future rental growth.
The property features a unit mix consisting of one one-bedroom/one-bath apartment, two two-bedroom/one-bath apartments, one two-bedroom/two-bath apartment, and one three-bedroom/one-bath apartment. Two- and three-bedroom units comprise 80% of the five-unit residential mix, providing a concentration of layouts with additional bedroom capacity.
Further enhancing the offering is its proximity to the Metro A Line Vernon Station, providing residents with rail connections through Los Angeles. Eight on-site parking spaces in a gated rear lot and individual hot water heaters complement the residential configuration, while nearby employment centers and access to the 110 and 10 freeways add to the location’s appeal.
Offered at $795,000, the property provides an acquisition basis of $159,000 per unit and approximately $254.48 per building square foot, combining a larger-bedroom unit mix, on-site parking, and a lease-up opportunity in South Los Angeles.
Unit Mix
4610 Compton Avenue is ideally situated in the Central-Alameda neighborhood of South Los Angeles, a densely populated, renter-oriented community located just south of Downtown Los Angeles. The neighborhood has experienced growing interest from investors and renters due to its unique combination of central location, transit access, and relative affordability compared to neighboring communities closer to Downtown Los Angeles and USC.
The property enjoys convenient access to the historic Central Avenue corridor, home to the landmark Dunbar Hotel, as well as the Pacific Boulevard shopping district in neighboring Huntington Park. Residents benefit from a wide variety of neighborhood-serving retail, restaurants, schools, and parks, including South Park Recreation Center, located just minutes away.
Central-Alameda is also well positioned near several of Los Angeles’ largest employment centers, including the City of Vernon’s industrial and manufacturing base, the Downtown Los Angeles Fashion and Produce Districts, and the University of Southern California, making it an attractive location for workers seeking convenient commuting options. The Metro A (Blue) Line Vernon Station is located within walking distance of the property, while the 110 and 10 Freeways provide efficient access throughout Los Angeles County.
The area’s limited multifamily inventory, strong renter demand, and proximity to Downtown Los Angeles have contributed to steady property appreciation, positioning South Los Angeles as one of the region’s most attractive entry-level multifamily investment markets.
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