1532 W Compton Boulevard, Compton

$975,000

0 Beds
0 Baths
4,812 Sqft
11,688 Lot Sqft
0 Garages

Pro Forma CAP rate of 7.88%. We are pleased to present the opportunity to acquire 1524 & 1532 West Compton Boulevard, a mixed-use apartment and retail investment opportunity located in Compton, California. The property consists of two parcels and includes (5) apartment units and (1) store front retail space. Built in 1941, the five apartment units are contained in four single story buildings and have approximately 3,152 rentable square feet. The units consists of (one) studio/one bathroom, (two) one bedroom/one bathroom and (two) two bedroom/one bathroom floorplans. The property features gated access and open space parking. Constructed in 1947, the retail store front building has approximately 1,660 square feet of rentable space. In addition, the retail unit has high street visibility and features a roll up security door. The combined lot size is 11,688 square feet.

This is a value-add opportunity for an astute investor to lease up the retail space, improve the property condition while increasing the apartment rents yielding a Pro Forma CAP rate of 7.88%. The previous retail tenant who was in the space for approximately 20 years was paying $2,575 per month. We put a conservative retail rent in our underwriting at $2,075 per month.

Essential Information
MLS® #CV19178468
Price$975,000
Bathrooms0.00
Square Footage4,812
Lot Sqft11,688
Acres0.27
Year Built1941
TypeResidential Income
StatusActive
No of Units6
Community Information
Address1532 W Compton Boulevard
AreaWrigley Area (5)
CityCompton
CountyLos Angeles
StateCA
Zip Code90220
Interior
AppliancesNone
Exterior
Lot Description6-10 Units/Acre
Additional Information
Date ListedJuly 26th, 2019
Days on Market117
ZoningCOM1*
Listing Details
AgentDouglas Mccauley(01155706)
OfficeMARCUS & MILLICHAP
Property History
Price Reduced from $1,000,000 to $975,000
LISTING MAP

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Based on information from California Regional Multiple Listing Service, Inc. as of November 22nd, 2019 at 11:46am CST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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