1024 W Reeve St

4
Baths
4,112 Sq. Ft.
$274 / Sq. Ft.
4,112
Sq. Ft.
$274
per Sq. Ft.

Description

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...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.
  1. Listed by Mark Perez • DRE #01279393 • Brokerage DRE #02051216 • Circle Real Estate • 562-754-0660

Property Details for 1024 West Reeve Street

View
None
Parking Spaces Total
8
Private Pool
No
Cooling Type
None
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4112
LISTING UPDATED: 07/22/2026 05:37 PM

Property Details for 1024 West Reeve Street

StatusActive
MLS #RS26151216
Days on Market2
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1955
Lot Size0.21 AC / 9,218 SF
CountyLos Angeles County

Location

Listing Courtesy of Circle Real Estate, Mark Perez, DRE #01279393
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Building Information for 1024 West Reeve Street

Stories2Residences-Year Built1955Building Size-Lot Size0.21 AC / 9,218 SF

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$6,319 per month

30 year fixed, 6.55% Interest

Principal and Interest

$5,733

Property Taxes

$586

HOA Dues

$0

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Property Information for 1024 West Reeve Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $100,584
  • Gross Scheduled Income: $134,112
  • Net Operating Income: $100,584
Expense Details
  • Operating Expense: $33,528
  • Operating Expense Percent: 25.00%
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $33,528
Tax / Assessment Info
  • Tax Tract Number: 14680
  • CFD/Mello-Roos Fee: $1,243
  • Tax Lot: 10
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Appliances: None
  • Equipment: None
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Wall Furnace
  • Heating: Wall Furnace
  • Flooring Type: Vinyl, Laminate
  • Flooring: Vinyl, Laminate
Exterior Features
  • Roof: Shingle
  • Entry Location: Front
  • Fence: Yes
  • Fence: Wrought Iron
  • Fencing: Wrought Iron
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
  • Spa Features: None
  • Spa Heat: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2490
  • Unit Type Type: 3
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2490
  • Unit Type Type: 4
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 3098
  • Unit Type Type: 1
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 3098
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 1024 West Reeve Street

DateEvent & SourcePriceAppreciation
Jul 23, 2026

Listed (Active)

CLAW #RS26151216MR

$1,128,000
Jul 23, 2026

Listed (Active)

CRMLS #RS26151216

$1,128,000
Jul 10, 2026

Listed (Active)

SDMLS #RS26151216

$1,128,000
DateEvent & SourcePrice
07/23/2026

Listed (Active)

CLAW #RS26151216MR

$1,128,000
07/23/2026

Listed (Active)

CRMLS #RS26151216

$1,128,000
07/10/2026

Listed (Active)

SDMLS #RS26151216

$1,128,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1024 West Reeve Street

Taxable ValueLand$156,999Additions$207,242Total$364,241
Tax Record2025$7,031 ($586 / month)
Home Facts
Total Finished SqFt4,112 SqFtAbove Grade Finished SqFt4,112 SqFtLot Size9,216 SqFtStyleQuadraplexYear Built1955ZoningCORH*CountyLOS ANGELESAPN6141-012-051

Schools near 1024 West Reeve Street

This home is within Compton Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Longfellow Elementary School
PublicK to 8

Enterprise Middle School
Public6 to 8

Compton High School
Public9 to 12

KIPP Compton Community
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

1024 West Reeve Street is a multi-family home for sale in Compton, CA 90220. This property was listed for sale on July 10, 2026 by Circle Real Estate, it's currently listed at $1,128,000. It has been on the market for a total of 2 days and was last sold on July 15, 2002. This listing's school district is Compton Unified School District. Nearby schools include Longfellow Elementary School, Enterprise Middle School and Compton High School. 1024 West Reeve Street is a 10-bed, 4-bath, 4,112 sqft multi-family home built in 1955.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Circle Real Estate, Mark Perez, DRE #01279393

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.