Compton, CA 90222,541 W Rosecrans AVE
Compton, CA 90222,541 W Rosecrans AVE
Compton, CA 90222,541 W Rosecrans AVE
8
$700,000
$860,000
18.6%
Est.Price: ?

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5,614 Sqft Lot

541 W Rosecrans AVE Compton, CA 90222

Est. payment /mo
SOLD DATE : 10/16/2023

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Key Details

Sold Price $700,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID DW23047740

Sold Date 10/16/23

HOA Y/N No

Year Built 1946

Lot Size 5,614 Sqft

Property Description

pleased to present 541 W Rosecrans Ave, a mixed-use property consisting of 5 commercial units and 1 residential unit for sale. The property is located in a prime location in Compton, California, on a busy street with high foot and vehicle traffic.

The commercial units are located on the ground floor of the building and are suitable for various types of businesses, such as retail stores, offices, small service-oriented businesses, or light industrial and manufacturing businesses. The units are well-maintained and equipped with modern amenities such as heating systems, restrooms, and large storefront windows for maximum visibility. However, please note that the units do have air conditioning.

The residential unit is located in the back of the building and features two bedrooms and one bathroom. The unit is spacious and well-lit, with modern fixtures and fittings, including a full kitchen and a living room. The unit provides a quiet and comfortable living space away from the busy street and commercial units.

The property currently generates $51,571 in annual net income from the leased units. There is significant upside potential in the property as there are three vacancies that can be filled with new tenants, increasing the income potential. Additionally, the property can be an ideal investment opportunity for an owner-user who can occupy one of the commercial units and help pay the mortgage while also benefiting from the rental income from the other units.

The property does not have any parking spaces on site, but there are public parking lots and street parking available nearby.

Overall, 541 W Rosecrans Ave is an excellent investment opportunity for those seeking to own a mixed-use property in a prime location in Compton. However, it is recommended to consult a licensed real estate agent or conduct a thorough inspection of the property to obtain the most accurate and up-to-date information about the property's condition, features, and pricing.

Location

State CA

County Los Angeles

Area Rn - Compton N Of Rosecrans, E Of Central

Interior

Fireplace No

Laundry None

Exterior

Roof Type Flat

Building

Lot Description 0-1 Unit/Acre

Water Public

Others

Tax ID 6153014005

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Financing Cash to Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Reyes Mejia • Realty Group Advisors • 323-273-1457
Bought with Gina Hoadley • Virginia Hoadley

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Kelly Corsino

Agent | License ID: 01704102

+1(949) 229-0019

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