Compton, CA 90221,1916 E Rosecrans Ave
Compton, CA 90221,1916 E Rosecrans Ave
2
$320,000
$300,000
6.7%
Est.Price: ?

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2,100 SqFt

1916 E Rosecrans Ave Compton, CA 90221

Est. payment /mo
SOLD DATE : 12/20/2023

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Key Details

Sold Price $320,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 2,100 sqft

Price per Sqft $152

MLS Listing ID 23-320115

Sold Date 12/20/23

Year Built 1951

Lot Size 5,534 Sqft

Acres 0.127

Property Description

The property is currently 100% occupied by three tenants, Yolanda's Beauty Salon, Jo's Mini Market & Martinez Carpets. All tenants are currently on month-to-month leases. There are 4 parking spaces located in the rear of the property via alley access off of Bradfield Avenue. The property is being offered at only $154 per square foot. A new investor has the opportunity to capture significant returns by renovating the interior spaces and up grading the facade. Conservative estimates for post rehab lease rates bring the proforma cap rate to an alluring 9.74%.

Location

State CA

County Los Angeles

Area Compton S Of Rosecrans, E Of Alameda

Zoning COCL*

Exterior

Garage Spaces 4.0

Building

Story 1

Others

Special Listing Condition Standard

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TheMLS (CLAW)
Listed by Marcus & Millichap
Bought with REALTY MASTERS & ASSOCIATES

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Herman Singh

Broker

+1(310) 625-6175

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