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Keller Williams
1644 E Compton Boulevard, Compton, CA 90221
- $1,265,000
- List Price
- $1,265,000
- Status
- ACTIVE
- Days on Market
- 211
- MLS#
- RS26068579
- Subtype
- Commercial Sale
- Year Built
- 1948
- Lot Size
- 8,676
- Acres
- 0.20
- MLS Area Major
- Rancho Park (RPRK)
Property 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
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Additional Information
- Zoning
- Commercial
- Heating
- None
- Exterior Construction
- Stucco
- Roof
- Rolled/Hot Mop, See Remarks
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Listing courtesy of Listing Agent: Dene Molina (dene9721@aol.com) from Listing Office: Empiric Brokers Realty.
Based on information from California Regional Multiple Listing Service, Inc. as of . 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.