609 Long Beach BlvdCompton, CA 90221

Property Details for 609 Long Beach Blvd

Year built

1946

Construction

WOOD

Lot size

0.34 AC

Property size (Sq ft)

6,176 SF

Zone code

COCL*

Property type

Retail properties

Property subtype

Retail space

APN

6178-024-002

APU

6178024002

Description

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.

• 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

Property Tax & Assessments

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