428 E Oaks, Compton, California 90221, Compton, 90221 - 0 bed, 0 bath
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Compton, California 90221
This triplex represents a High-Potential Investment Opportunity, listed at a List Price of $975,000—positioned slightly above the $970,730 Fair Market Value. Despite the minor premium, the property offers a robust $87,000 in gross annual income and a Condition Rating of 2, reflecting recent modern renovations. With separately metered utilities and significant ADU conversion potential via three detached garages, this asset provides immediate cash flow and long-term density growth. This is a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers seeking stable, income-generating real estate.
Property is new construction or fully renovated.
Although built in 1947, the property has undergone a comprehensive recent renovation (likely within the last 5 years). Interior photos show modern shaker-style cabinetry, stone countertops, recessed lighting, and new tile flooring. The addition of modern mini-split HVAC systems and separately metered utilities indicates significant system updates, making it move-in ready with no immediate maintenance required.
The property generates a robust $87,000 in gross annual income, offering investors immediate cash flow and a high gross yield relative to the $975,000 asking price.
With three detached single-car garages and a generous 6,750 sqft lot, there is significant upside potential to convert existing structures into additional dwelling units to maximize density and income.
Units are separately metered for gas and electricity, which minimizes landlord overhead expenses and simplifies property management.
Built in 1947, the property may require more frequent maintenance or capital improvements to aging systems compared to newer multi-family developments.
The projected upside from ADU conversions is subject to buyer verification and municipal approval, introducing uncertainty regarding the total cost and feasibility of expansion.
Investor opportunity with approximately $87,000 in gross scheduled annual income and strong upside potential. This updated triplex features three separately metered units (gas and electric), three detached single-car garages with excellent ADU conversion potential (buyer to verify), and a spacious lot with ample parking and outdoor space. The front unit offers 2 bedrooms, 1 bathroom, a spacious living room, and an indoor laundry room. The rear lower unit features 1 bedroom, 1 bathroom, and a cozy fireplace. The rear upper unit offers 2 bedrooms, 1 bathroom, and no common walls for added privacy. Additional outdoor amenities include a large front parking area, a generous middle yard, and extra space behind the garages. Whether you're looking to expand your portfolio or complete a value-add project, this property offers a rare combination of stable rental income today with future growth potential through ADU development and rental increases. Conveniently located near major freeways, shopping, schools, and public transportation.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.5 |
| Baths | 0.0 | 4.0 |
| Square foot | 2,060 | 1,606 |
| Lot Size | 6,750 | 5,601 |
| Price | $975.0K | $776.5K |
| Price per sq ft | $473 | $392 |
| Built year | 1947 | 1958 |
| HOA | $0 | $0 |
| Days on market | 7 | 65 |
Jul 15, 2026
$975,000
Initial Listing
Oct 21, 2022
$770,000
Public Record
Aug 13, 2019
$570,000
Public Record
Aug 1, 2007
$530,000
Public Record