6101 Compton Ave - Apartments FOR SALE


Los Angeles, CA 90001- Florence-Graham
$1,650,000 USD
310-909-5406
6101 Compton Ave, Los Angeles, CA for Sale
$1,650,000 USD
Apartments - FOR SALE
1/8
null | 7.33% Cap Rate

6101 Compton Ave
Los Angeles, CA 90001
Florence-Graham


HIGHLIGHTS

  • The Neema Group of Marcus & Millichap is pleased to present a mixed-use investment opportunity at 6101 Compton Ave
  • A corner lot in South Los Angeles on E 61st St and the main thoroughfare of Compton Ave
  • The property consists of five residential units including a single, two 1+1’s, a 2+1, and a 3+2; there are also five retail spaces on the ground floor
  • Unique opportunity to purchase an asset with both residential and retail components
  • Strong cash flow potential with a projected 7.33% CAP rate when the vacancies are rented
  • Close proximity to retail and industrial employment hubs in the neighborhoods of South LA, Huntington Park, Vernon, and the Alameda corridor

OVERVIEW

The Neema Group of Marcus & Millichap is pleased to present a mixed-use investment opportunity at 6101 Compton Ave, a corner lot in South Los Angeles on E 61st St and the main thoroughfare of Compton Ave. The property consists of five residential units including a single, two 1+1’s, a 2+1, and a 3+2; the three-bedroom is currently vacant; there are also five retail spaces on the ground floor that benefit from the foot and car traffic along Compton Ave; two of the retail spaces are currently vacant. Unique opportunity to purchase an asset with both residential and retail components; strong cash flow potential with a projected 7.33% CAP rate when the vacancies are rented and the building is stabilized. Located just north of the Gage Village Shopping Center, home to corporate retail tenants such as El Super, Starbucks, Chase Bank, and Carl’s Jr, among others. Close proximity to retail and industrial employment hubs in the neighborhoods of South LA, Huntington Park, Vernon, and the Alameda corridor. Less than a half-mile from the Metro A rail line as well as multiple Metro local bus lines along Compton Ave.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$246 USD /SF

# OF UNITS

5

PRICE/UNIT

$330,000

CAP RATE

7.33%

% LEASED

67%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1929

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,606 SF

ZONING

LCM1*

APN/PARCEL ID

6008-029-001

ASK ABOUT THIS PROPERTY

Patricia EscobarMarcus & MillichapMore Info
310-909-5406

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Patricia EscobarMarcus & MillichapMore Info
310-909-5406

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