10221 Compton Ave - Office FOR SALE


Los Angeles, CA 90002- Watts
$6,150,000 USD
213-233-4363
10221 Compton Ave, Los Angeles, CA for Sale
$6,150,000 USD
Office - FOR SALE
1/15
null | 6.08% Cap Rate

10221 Compton Ave
Los Angeles, CA 90002
Watts


HIGHLIGHTS

  • Anchored by CHASE Bank - Almost 30 Years in this Location!
  • 100% Occupancy with Established Tenants and Flexibility to Restructure Leases
  • Upside Potential in Under-Market Rents with Room to Increase Rental Income
  • Opportunity Zone! Strategically Located on Highly-Visible Signalized Corner
  • Adjacent to LA Public Library, Municipal Civic Center, Kaiser Permanente, Watts Health Foundation
  • Possible Owner-User Investment

OVERVIEW

Enrique Viramontes is pleased to present an exclusive opportunity to acquire a stabilized, income-producing mixed-use office/retail building located in the heart of South Los Angeles, prominently anchored by Chase Bank, a strong national credit tenant. Constructed in 1997, the building has been exceptionally built and maintained with the highest standards. This well-positioned asset offers an immediate return with a cap rate exceeding 6.0%, providing strong in-place cash flow from established long-term tenants. Priced to sell, the property features significant upside through rental income growth and lease restructuring. Current lease terms offer the ability to implement operating expense reimbursements and adjust below-market rents, creating additional value for the investor. Strategically located in a dense urban corridor of South Los Angeles, the property benefits from high visibility, strong foot traffic, and proximity to major transportation routes and city landmarks. It sits approximately 7 miles from Downtown Los Angeles, 6 miles from USC and Exposition Park, and about 13 miles from LAX. The surrounding area is a vibrant, evolving community with a mix of residential, retail, and civic uses, offering long-term growth and tenant demand. This investment is ideal for those seeking a combination of immediate income and long-term value in a rapidly transforming submarket of Los Angeles.

FOR SALE DETAILS

PRICE

$6,150,000 USD

PRICE/SF

$295 USD /SF

CAP RATE

6.08%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CHASE Bank Anchored Retail/Office Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

29,942 SF

ZONING

LAPF

APN/PARCEL ID

6048-012-027

ASK ABOUT THIS PROPERTY

Enrique ViramontesRE/MAX Commercial & Investment RealtyMore Info
213-233-4363

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Enrique ViramontesRE/MAX Commercial & Investment RealtyMore Info
213-233-4363

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.