1532 W Compton Boulevard

    Compton, CA 90220
    • $1,000,000
    • STATUS: Active
    • ON SITE: 114 days
    • ID#: CV19178468
    UPDATED: 75 min ago
    $1,000,000
    • 0
      BEDS
    • 0.27
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,812
      SQFT
    • $208
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1941
    County:

    School Ratings & Info

    Description

    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 within a non-rent control location. An astute investor will be able to improve the condition of the property while increasing the rents. The property is ideally situated in Compton with easy access to Routes 91, Interstate 10, 105 and the 710 Long Beach Freeway. Because of its central location and proximity to Downtown Los Angeles, the city is well served by the Compton Blue Line Metro Station and bus transit, providing its residents many alternative ways of traveling to work, entertainment, dining, shopping, and home.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-18T19:29:35.463. 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 deemed reliable but is not guaranteed accurate by the MLS or Millman Team. Licensed in the State of California, USA.
    www.millmanteam.com/homes/97335078

    1532 W Compton Boulevard Compton, CA 90220

    • Price: $1,000,000
    • Status: Active
    • Updated: 75 min ago
    • ID#: CV19178468
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.27
    Acres
    4,812
    SQFT
    $208
    $/SQFT
    1941
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    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 within a non-rent control location. An astute investor will be able to improve the condition of the property while increasing the rents. The property is ideally situated in Compton with easy access to Routes 91, Interstate 10, 105 and the 710 Long Beach Freeway. Because of its central location and proximity to Downtown Los Angeles, the city is well served by the Compton Blue Line Metro Station and bus transit, providing its residents many alternative ways of traveling to work, entertainment, dining, shopping, and home.
    Exterior Features

    Garage Spaces 0.00 Lot Features 6-10 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common WallsNo One Above Laundry Features None

    Property Features

    Additional Parcels Description 6142001016 Additional Parcels YN Yes Building Area Units Square Feet Cap Rate 2.75 Community Features Sidewalks Country Us Electric Expense 816.00 Elevation Units Feet Fuel Expense 600.00 Gardener Expense 500.00 Gross Income 83490.00 Gross Operating Income 59040.00 Gross Scheduled Income 83940.00 Insurance Expense 3525.00 Land Lease YN No Laundry YN No Licenses Expense 385.00 Maintenance Expense 3500.00 Net Operating Income 27538.00 New Construction YN No New Taxes Expense 16185.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Operating Expense 29731.00 Other Expense 319.00 Other Expense Description Prof Fee Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 885.00 Total Expenses 29731.00 Trash Expense 1200.00 Vacancy Allowance 24900 Vacancy Allowance Rate 30.00 Water Sewer Expense 1816.00 Water Source Public Year Built Source Public Records Zoning Com1*

    Listing provided courtesy of Douglas Mccauley of Marcus & Millichap and David Covarrubias of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-18T19:29:35.463. 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 deemed reliable but is not guaranteed accurate by the MLS or Millman Team. Licensed in the State of California, USA.
     
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