530-536 E El Segundo Blvd Compton, CA Multi-Family FOR SALE


Compton, CA
$2,100,000 USD
714-883-7270
, Compton, CA for Sale
$2,100,000 USD
Multi-Family - FOR SALE
1/22
null | 8% Cap Rate

530-536 E El Segundo Blvd Compton, CA
Compton, CA


HIGHLIGHTS

  • Approximately one acre of flat, usable land suitable for residential, commercial, or industrial use
  • Zoned for manufacturing and in a qualified opportunity zone
  • Located between major freeways and along the Alameda Corridor, with easy access to the port of Los Angeles and port of Long Beach
  • Alleyway spans the east side of the property for greater accessibility
  • The two parcels currently contain nine residential units, two of which will be delivered vacant
  • Remaining tenants are month-to-month and Compton does not have its own tenant protection ordinance

OVERVIEW

We are pleased to present 530-536 E El Segundo Blvd. This offering consists of two adjoining parcels totaling approximately one acre of flat, usable land in Compton, CA. This unique asset offers countless possibilities for an investor, developer, or end-user. Both parcels are zoned for manufacturing and in a qualified opportunity zone. The property is centrally located between several major freeways and along the Alameda Corridor, with easy access to the port of Los Angeles and port of Long Beach. Nearby properties include logistics operations and manufacturing facilities. An alleyway spans the east side of the property for greater accessibility. The two parcels currently contain nine residential units, two of which will be delivered vacant. All remaining tenants are month-to-month. Compton does not have its own tenant protection ordinance, so an owner may raise rents and terminate tenancies pursuant to state law. An owner-user can occupy some units and lease out the rest. A multi-family investor can remodel and re-rent all of the units to achieve an 8.6% CAP or higher. Or the property can be redeveloped in a variety of ways. Contact Chris Barker at 714 883-7270 or chris@yorkshirere.com for additional information.

ASK ABOUT THIS PROPERTY

Chris BarkerYorkshire RealtyMore Info
714-883-7270

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Chris BarkerYorkshire RealtyMore Info
714-883-7270

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