Property Listing No Longer Available for Sale

1702-1710 N. Long Beach Blvd

Compton, CA

Shopping Center for Sale - 8,512 Sq. Ft.


Property Info

CIMLS#856251
Location
  1702-1710 N. Long Beach Blvd
  Compton CA 90221
UpdatedOctober 4th, 2016
TypeShopping Center
PriceUpon Request
Building8,512 Sq. Ft.

Property Description

The offering consists of 3 separate buildings which accumulate to an approximate 8,512 SF and are situated on just over 20,000 SF of land.

The first building is situated on the North Side(Front) of the lot and consists of 637 SF of recently updated improvements. The building consists of 2 retail units with excellent frontage along Long Beach Blvd. Each unit is approximately 318 SF and are currently occupied.

The building on the South end of the property, consists of 4 retail ground floor units, as well as 2 apartments on the second floor. The 4 retail units total 3,441 SF, 3 of which are vacant and can be combined. The seller will guarantee up to 6 month of rent on these vacant retail units upon the close of escrow. The upstairs consists of 2 loft style apartments and are approximately 1,790 SF in size. Each apartment unit has their own shower, kitchenette and assigned parking.

The building at the rear of the property consists of 10 single story apartment units, of which one unit is nonconforming. Each unit has its own bathroom and kitchenette. The current use of the property is Commercial, Mixed-Use. The rear is permitted for motel use.

This property will attract investors looking for an excellent cash flow opportunity in a stable market with very low vacancy rates!

Location Description:

The property is located on the major commercial thoroughfare of Long Beach Blvd (with a daily car count of 25K per day) several blocks north of Rosecrans Ave (with a daily car count of 27K per day) and just south of a Walmart Supercenter currently under construction.

Compton has historically provided excellent demographics and has been an excellent area to own this type of property (Mixed Use). The property provides excellent access to the 105 and 710 freeways.

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Financials