For Sale
$2,200,000

609 Long Beach BlvdCompton, CA 90221

High-Yield Retail Investment, Compton, CA

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 6,176 square foot, multi-tenant retail shopping center situated on a 14,985 square foot lot at 609 N Long Beach Blvd, Compton, CA 90221. The property, built in 1946 and zoned COCL,Compton, boasts 80% occupancy across five units with a diverse tenant mix including a market, donut shop, barber shop, water store, and a well-known Mexican restaurant. The current net lease structure provides a stable income stream with a remaining lease term of 5 years. The property's strategic location on high-traffic Long Beach Boulevard in the heart of Compton ensures consistent foot traffic and visibility. With a 4.50% cap rate and an asking price of $2,200,000, this Class C property represents a compelling investment in a market characterized by strong retail demand and limited new supply. The property's L-shaped design and substantial lot size offer potential for future expansion or redevelopment. This is a rare chance to acquire a well-established, income-producing retail center in a thriving area. APN: 6178-024-001,6178-024-002.

Highlights

  • 6,176 SF multi-tenant retail center on a 14,985 SF lot in Compton, CA.
  • 80% occupancy across five units with diverse tenants including a market, donut shop, barber shop, water store, and Mexican restaurant.
  • Net lease structure with a 5-year remaining lease term providing stable income.
  • Located on high-traffic Long Beach Boulevard with strong foot traffic and visibility.
  • 4.50% cap rate and $2,200,000 asking price; Class C property.

Property Details for 609 Long Beach Blvd

Property type
Lifestyle centers, Power centers
Square Feet
6,176 SF
Class
C
Year Built
1946

Location Insight

City
Compton
County
Los Angeles
State
California
Latitude
33.900528149454
Longitude
-118.20835197552
609 Long Beach Blvd, Compton, California

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609 Long Beach Blvd
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