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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$2,236,984
6.5%
$2,064,909
7%
$1,917,415
Comparable approach
Method
Valuation
Relative Method
$4,964,452
Geo Method
$4,964,452
Alternative Use
Use
Valuation
Residential
$1,741,828
Hospitality
$1,595,505
Educational
$1,327,441
Medical
$1,373,094
Retail
$2,064,909
Location Insight
City
Compton
County
Los Angeles
State
California
Latitude
33.9005
Longitude
-118.209
CBSA code
31080
CBSA name
LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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