1644 E Compton BLVD Compton, CA 90221
8,677 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID RS26068579
HOA Y/N No
Year Built 1948
Lot Size 8,677 Sqft
Lot Dimensions Assessor
Property Sub-Type Retail
Property Description
Excellent opportunity to acquire a fully leased commercial investment property located on E. Compton Boulevard in the City of Compton. The property consists of three separately leased commercial spaces, providing investors with multiple rental income streams and immediate cash flow.
The building is currently 100% occupied, generating $9,100 in monthly rental income and $109,200 annually.
Current Rental Breakdown:
1644 E. Compton Blvd.: $4,900/month
1650 E. Compton Blvd. – Front: $2,500/month
1650 E. Compton Blvd. – Rear: $1,700/month
Offered at $1,265,000, the property features a gross rent multiplier (GRM) of approximately 11.58 and a cap rate of 6.58%.
An attractive opportunity for investors seeking an income-producing commercial property with established tenants and multiple sources of rental income.
Asking Price: $1,265,000
Location
State CA
County Los Angeles
Area Rprk - Rancho Park
Zoning Commercial
Interior
Heating None
Fireplace No
Laundry None
Exterior
Fence Wrought Iron
Utilities Available Electricity Connected, Water Connected
Roof Type Rolled/Hot Mop,See Remarks
Present Use Commercial
Total Parking Spaces 6
Building
Lot Description Corner Lot, Near Public Transit, Walkstreet
Story 1
Water Public
Others
Tax ID 6183024014
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
