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Key Details
Sold Price $1,000,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID RS24008097
Year Built 1948
Annual Tax Amount $6,238
Lot Size 8,677 Sqft
Property Description
Great Cash flow! Commercial property that's generating $9,878 in rents per month. Cap rate of 8.9%. In the the city of Compton centrally located between the 91 and the 105 fwys west of the 710 fwy. The 1644 and 1650 E. Compton Blvd property consists of 6,560 sq ft on a lot that measures 8,676 sq ft conveniently positioned on the corner of E. Compton Blvd and Essey Ave with alley access. The property was reroofed in 2017 and the electrical panel was ungraded that same year. The property has alley access to gated parking. Can be sold as a package deal with the property next door.
Location
State CA
County Los Angeles
Area Rprk - Rancho Park
Interior
Laundry None
Exterior
Fence Wrought Iron
Utilities Available Electricity Connected, Water Connected
Roof Type Rolled/Hot Mop,See Remarks
Building
Lot Description Corner Lot, Near Public Transit, Walkstreet
Story 1
Water Public
Others
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
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Bought with Dene Molina • Empiric Brokers Realty