1511 N Long Beach Boulevard

    Compton, CA 90221
    • $895,000
    • STATUS: Active
    • ON SITE: 224 days
    • ID#: GD18098018
    UPDATED: 52 min ago
    $895,000
    • 0
      BEDS
    • 0.37
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,982
      SQFT
    • $100
      $/SQFT

    School Ratings & Info

    Description

    The Subject Property is a 2-tenant automotive use property, measuring approximately 5,567 square feet in size and is situated on nearly 16,330 square feet of land. The property is located adjacent to a self service car wash and has been run as an automotive property for several years.While the property is fully occupied, the tenants are enjoying under market rents averaging $0.66 cents on average. Estimating a market rent of $1.25/SF gross rents the market cap rate is increased to over 6.5% cap rate. Whether an owner user or investor, this property is well situated to experience future growth and upside.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-12T09:27:31.867. 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. Licensed in the State of California, USA.
    www.themarellygroup.com/homes/83089220

    1511 N Long Beach Boulevard Compton, CA 90221

    • Price: $895,000
    • Status: Active
    • Updated: 52 min ago
    • ID#: GD18098018
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.37
    Acres
    8,982
    SQFT
    $100
    $/SQFT
    1954
    Built
    Neighborhood:
    RN - Compton N of Rosecrans, E of Central
    County:
    Los Angeles
    Area:
    RN - Compton N of Rosecrans, E of Central
    Property Description
    The Subject Property is a 2-tenant automotive use property, measuring approximately 5,567 square feet in size and is situated on nearly 16,330 square feet of land. The property is located adjacent to a self service car wash and has been run as an automotive property for several years.While the property is fully occupied, the tenants are enjoying under market rents averaging $0.66 cents on average. Estimating a market rent of $1.25/SF gross rents the market cap rate is increased to over 6.5% cap rate. Whether an owner user or investor, this property is well situated to experience future growth and upside.
    Exterior Features

    Lot Features Level With Street Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Building Status Existing Country Us Land Lease YN No Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Property Sub Type Retail Special Listing Conditions Standard Water Source Public

    Listing provided courtesy of Krikor Garabedian of Keller Williams R. E. Services.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-12T09:27:31.867. 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. Licensed in the State of California, USA.
     
    The Marelly Group | Compass
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003