For Sale
$499,000

911 Wilmington AveCompton, CA 90220

High-yield retail property, fully leased.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fully leased, multi-tenant storefront property located at 911 N Wilmington Ave, Compton, CA 90220. The 1,161 square foot building, constructed in 1926 and renovated in an unspecified year, sits on a 2,179 square foot lot and offers four parking spaces. Currently boasting 100% occupancy with two tenants under NNN leases, the property generates a substantial NOI of $64,397 (pro-forma NOI: $59,640), translating to a compelling 12.91% cap rate (pro-forma: 11.95%). The leases are multi-year agreements, with the current term expiring May 31, 2027, leaving approximately 2.5 years remaining. The asking price is $499,000, resulting in a price per square foot of $429.80. The property is zoned CL and benefits from its location on a high-traffic street in Compton, near schools and shopping districts. This owner-user investment offers a strong, consistent monthly cash flow and significant long-term income potential. The property features a single story building. Tenants have no credit rating information available.

Highlights

  • Fully leased multi-tenant property with strong tenants.
  • $5,995 monthly cash flow.
  • NNN leases expiring between 2026 and 2027.
  • High-traffic street location in Compton, CA.

Property Details for 911 Wilmington Ave

Property type
Retail properties, Retail space
Square Feet
1,161 SF
Class
B
Year Built/Renovated
1926/1
Buildings
1
Stories
1
Units
2

Location Insight

City
Compton
County
Los Angeles
State
California
Latitude
33.9024513
Longitude
-118.2382453
911 Wilmington Ave, Compton, California

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911 Wilmington Ave
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