1040 West Reeve Street

Listed By Compass
Listed By Compass
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Active
$1,300,000
Est: $8,188/moGet pre-approved
10 beds4 baths4,008 sqft

1040 W Reeve St, Compton, CA 90220

Multi FamilyProperty Type
0.18 acresLot Size
1955Year Built
$324/sq ftPrice per sq ft
4 carsParking Spaces

Description

Excellent investment opportunity!!! Property consists of 4 units (2 = 3 beds/1 bath & 2 = 2 beds/1 bath). All units show very well. Units are separately metered and each unit has its own hot water tank. Based on Section 8 payment standards: Rents of $3,098 / month for each 3-bedroom unit and $2,490 / 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...Excellent investment opportunity!!! Property consists of 4 units (2 = 3 beds/1 bath & 2 = 2 beds/1 bath). All units show very well. Units are separately metered and each unit has its own hot water tank. Based on Section 8 payment standards: Rents of $3,098 / month for each 3-bedroom unit and $2,490 / 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 would project Net Operating Income (NOI) of approximately $100,584 / year. JUST BY RENTING OUT THE VACANT UNIT AT THE PRO FORMA RENT, THE CAP RATE WOULD BE 6.6% MAKING THIS A GREAT INVESTMENT PROPERTY! Property is professionally managed and on month-to-month basis providing Buyer flexibility if they chose to either (a) manage themselves, (b) continue with current manager or (c) use their own manger. Current contract requires 30-Day advance notice to terminate. Centrally located to restaurants, shopping, public transportation, freeway, LAX and New $200 million Compton High School featuring the $10 million Andre "Dr. Dre" Young Performing Arts Center. SOFI Stadium is only 10 miles away!
Listing Agent
  1. Andrew Youngmark

    Andrew Youngmark

    Listing Agent

    Compass

    DRE #01454228

    P: (714) 469-6238

    M: (714) 469-6238

    CallText
20 days on Market
Last updated: 09/25/2026 06:32 AM • Source: CRMLS, MLS#: OC26204939

Location

Listing Courtesy of Compass, Andrew Youngmark, DRE #01454228
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$8,188 per month

30 year fixed, 7.03% Interest

Principal and Interest

$6,940

Property Taxes

$1,248

HOA Dues

$0

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Property Information for 1040 West Reeve Street

Property Details

  • MLS Type: Residential Income
  • County: Los Angeles County
  • Parking Spaces Total: 4
  • Private Pool: No
  • Total Units: 4.0
  • Building Type: Detached
  • Lot Size Source: Assessor
  • Living Area: 4008
  • Assessor Parcel Number: 6141-012-049
  • Property Attached YN: false
  • Common Walls: No Common Walls
  • New Construction: No
  • Average Studio Area Units: Square Feet
  • Average 1 Bed Area Units: Square Feet
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Building Area Total: 4008
  • Building Area Units: Square Feet
  • Stories Total: 2
  • Entry Level: 1
  • Pool: No
  • Association: No
  • Association Fee: $.00
  • Zoning: Assessor
  • Senior Community: No
  • Parcel Number: 6141012049
  • Area: Compton S of Rosecrans, E of Central, W of Alameda (RP)
  • Directions: From Alondra Blvd, turn onto S Grandee Ave and follow around to Reeve. The property is the last on the left.

Building Information

  • Stories: 2
  • Year Built: 1955
  • Lot Size: 0.18 AC / 7,816 SF

Rental Info

Rental Info
  • Tenant Pays: Gas, Electricity

Income / Expense / Tax Details

Income Details
  • Gross Income: $114,450
  • Gross Scheduled Income: $114,450
  • Gross Operating Income: $11,450
  • Net Operating Income: $85,842
  • Gross Multiplier: 11.36
  • Cap Rate: 6.6
Expense Details
  • Operating Expense: $28,614
  • Insurance Expense: $1,500
  • Trash Expense: $0
  • Water Sewer Expense: $4,200
  • Total Expenses: $5,700
Tax / Assessment Info
  • Tax Tract Number: 14680
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 8

Community / Development

Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown, Buyer to Verify
  • Community Features: Sidewalks

Property / Structure Info

Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking Garage: Driveway, Garage, On street
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Garage, Driveway, Street
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units

Unit Information

Unit 1
  • 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: Yes
  • Unit Type Actual Rent: $2,150
  • Unit Type Total Rent: $2,150
  • Unit Type Pro Forma: 3098
  • Unit Type Type: 1
Unit 2
  • 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: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 3098
  • Unit Type Type: 2
Unit 3
  • 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: Yes
  • Unit Type Actual Rent: $1,920
  • Unit Type Total Rent: $1,920
  • Unit Type Pro Forma: 2490
  • Unit Type Type: 3
Unit 4
  • 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: Yes
  • Unit Type Actual Rent: $2,200
  • Unit Type Total Rent: $2,200
  • Unit Type Pro Forma: 2490
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 3
  • 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 1040 West Reeve Street

DateEvent & SourcePriceAppreciation
Sep 18, 2026

Listed (Active)

SDMLS #OC26204939

$1,300,000—
Sep 18, 2026

Listed (Active)

CRMLS #OC26204939

$1,300,000—
Sep 16, 2026

Listed (Active)

CLAW #OC26204939MR

$1,300,000—
DateEvent & SourcePrice
09/18/2026

Listed (Active)

SDMLS #OC26204939

$1,300,000
09/18/2026

Listed (Active)

CRMLS #OC26204939

$1,300,000
09/16/2026

Listed (Active)

CLAW #OC26204939MR

$1,300,000

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

Public records

1040 West Reeve Street

Total Finished SqFt

4,008 SqFt

Above Grade Finished SqFt

4,008 SqFt

Lot Size

7,814 SqFt

Style

Quadraplex

Year Built

1955

Zoning

CORH*

Schools near 1040 West Reeve Street

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

Enterprise Middle School
Public6 to 8

Compton High School
Public9 to 12

Willowbrook Middle School
Public6 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.

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More information about 1040 West Reeve Street, Compton, CA 90220

1040 West Reeve Street is a multi-family home for sale in Compton, CA 90220. This property was listed for sale on September 16, 2026 by Compass, it's currently listed at $1,300,000. It has been on the market for a total of 20 days and was last sold on October 2, 2018. This listing's school district is Compton Unified School District. Nearby schools include Longfellow Elementary School, Enterprise Middle School and Compton High School. 1040 West Reeve Street is a 10-bed, 4-bath, 4,008 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 Compass, Andrew Youngmark, DRE #01454228

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.