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1916 E Rosecrans Ave Compton, CA 90221
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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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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with REALTY MASTERS & ASSOCIATES