$2,200,000
609 N Long Beach BLVD Compton, CA 90221
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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$2,200,000
Est. payment /mo
0.34 Acres Lot
UPDATED:
11/06/2024 04:12 PM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW24223807
HOA Y/N No
Year Built 1946
Lot Size 0.344 Acres
Property Description
Discover an exceptional investment opportunity with this L-shaped retail building on high-traffic Long Beach Blvd in Compton. Covering 6,176 SF on a 14,985 SF lot, this property offers a diverse mix of five occupied units (market, barber shop, water store, Mexican restaurant, and studio) and one vacant space, formerly a donut shop. The total potential monthly rent, including the vacant unit, is $12,950, showcasing strong income-generating capacity in an area with high retail demand and limited new supply.
This prime commercial real estate presents an excellent opportunity for investors seeking a stable, income-producing property with immediate upside potential. With its strategic location, diverse tenant mix, and the potential to increase rent to match current market rates, this property offers both reliable cash flow and significant growth potential. Don't miss your chance to secure this valuable asset in the heart of Compton's thriving retail landscape, where you can capitalize on rising rental trends and maximize your investment returns.
This prime commercial real estate presents an excellent opportunity for investors seeking a stable, income-producing property with immediate upside potential. With its strategic location, diverse tenant mix, and the potential to increase rent to match current market rates, this property offers both reliable cash flow and significant growth potential. Don't miss your chance to secure this valuable asset in the heart of Compton's thriving retail landscape, where you can capitalize on rising rental trends and maximize your investment returns.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Fireplace No
Laundry None
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Present Use Commercial
Total Parking Spaces 20
Building
Lot Description 2-5 Units/Acre
Story 1
Water Public
Others
Tax ID 6178024002
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
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Listed by Youngha Kim • Coldwell Banker Best Realty • 949-695-1240
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