1301-1307 N. Long Beach, Compton 2 lots Retail FOR SALE


Compton, CA
$2,150,000 USD
213-434-1281
, Compton, CA for Sale
$2,150,000 USD
Retail - FOR SALE
1/21
null | 7.11% Cap Rate

1301-1307 N. Long Beach, Compton 2 lots
Compton, CA


HIGHLIGHTS

  • Corner lot + adjacent lot. 19,195 of land with 2 commercial/retail buildings and 1 single-family residence.
  • Lots of potential for redevelopment. Earn income during the entitlement period.
  • Over 155 ft of combined frontage on N. Long Beach Blvd.
  • Existing pylon sign
  • 1307 N. Long Beach Blvd has 600 amps of power on 2 separate meters. Building can be subdivided.

OVERVIEW

KW Commercial is proud to present a great opportunity to own 2 lots from the corner of Long Beach Blvd & Kay St totaling 19,195 SF or 0.44ac. The corner lot is 9,600 SF and has 2 structures totaling 1,964 SF. 1st corner building is a free-standing commercial/retail use approx 1000 SF with it's own privately fenced, gated parking lot. One the same lot, a 2 bedroom/1 bathroom single-family house (1317 E. Kay St) is included. This SFR property is currently rented on m-t-m lease. The adjacent lot (1307 N. Long Beach Blvd) is privately fenced and gated offering 9,696 SF (lot) with a commercial/retail building approx 4,940 SF. This property comes with a highly visible, powered, pylon signage. We have many lease inquires, but seller's ultimate goal is to sell. Proforma NOI is $144k with a projected cap rate of 6.7%.

ASK ABOUT THIS PROPERTY

Chris KimKW Commercial - Income Property TeamMore Info
213-434-1281

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Chris KimKW Commercial - Income Property TeamMore Info
213-434-1281

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