1702 Long Beach BlvdCompton, CA 90221

Property Details for 1702 Long Beach Blvd

Year built

1937

Construction

WOOD

Lot size

0.47 AC

Property size (Sq ft)

8,512 SF

Zone code

COCL*

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

6177-005-010

APU

6177005010

Description

This exceptional mixed-use investment opportunity presents a 18-unit, 8,512 square foot building situated on a 20,291 square foot lot in Compton, California. The property, located at 1702 N Long Beach Blvd, boasts a strong 88% occupancy rate and a compelling 12.14% cap rate, generating a net operating income (NOI) of $218,329. The asking price is $1,799,000, translating to $211.35 per square foot and $99,944.44 per unit. Built in 1937, this two-story structure comprises three buildings and offers 20 parking spaces. The property benefits from a highly visible location on North Long Beach Boulevard, a major commercial thoroughfare with over 27,400 vehicles passing daily. Its proximity to the 105 and 710 freeways enhances accessibility. The area features a strong retail presence, including a Walmart Supercenter, R-Ranch Markets, Dollar Tree, Subway, McDonald's, and Church's Chicken. The land value alone is $89 per square foot. The property is zoned COCL and offers a stabilized investment opportunity with excellent cash flow potential. This well-maintained asset presents a rare chance to acquire a high-performing mixed-use property in a densely populated area with significant daily traffic counts.

• CAP approach

  CAP return

  Valuation

  6%

  $2,233,196

  6.5%

  $2,061,411

  7%

  $1,914,168

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,277,261

  Geo Method

  $2,277,261

• Alternative Use

  Use

  Valuation

  Residential

  $2,556,150

  Hospitality

  $2,341,420

  Educational

  $1,948,034

  Medical

  $2,015,030

  Retail

  $3,030,274

Location Insight

City

Compton

County

Los Angeles

State

California

Latitude

33.9073

Longitude

-118.208

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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