1644 E Compton BoulevardCompton, CA 90221

Description

Fully Occupied Three-Unit Commercial Investment Property 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

Property Information

Property type

Commercial Sale

Sub-type

Retail

Year built

1948

Stories

1

Building area

6,560 Sq Ft

Lot size

0.20 acres

Lot dimensions

63X137

Parking spaces

6

Zoning

Commercial

Days on market

219

MLS^® Listing#

RS26068579

Property Features

Heating

None

Laundry

None

Fencing

Wrought Iron

Lot features

Corner Lot · Near Public Transit

Construction

Stucco

Roof

Rolled/Hot Mop · See Remarks

Utilities

Electricity Connected · Water Connected

Water source

Public

Financial Details

Annual taxes

$6,238

Parcel number

6183024014

Directions

Between Atlantic Ave and Long Beach Blvd