Compton, CA 90221,1916 E Rosecrans AVE
Compton, CA 90221,1916 E Rosecrans AVE
2
$320,000
$300,000
6.7%
Est.Price: ?

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5,532 Sqft Lot

1916 E Rosecrans AVE Compton, CA 90221

Est. payment /mo
SOLD DATE : 12/20/2023

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Key Details

Sold Price $320,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 23320115

Sold Date 12/20/23

HOA Y/N No

Year Built 1951

Lot Size 5,532 Sqft

Property Description

The property is currently 100% occupied by three tenants, Yolanda's Beauty Salon, Jo's Mini Market & Martinez Carpets. All tenants are currently on month-to-month leases. There are 4 parking spaces located in the rear of the property via alley access off of Bradfield Avenue. The property is being offered at only $154 per square foot. A new investor has the opportunity to capture significant returns by renovating the interior spaces and up grading the facade. Conservative estimates for post rehab lease rates bring the proforma cap rate to an alluring 9.74%.

Location

State CA

County Los Angeles

Area Ro - Compton S Of Rosecrans, E Of Alameda

Zoning COCL*

Interior

Fireplace No

Exterior

Total Parking Spaces 4

Building

Story 1

Others

Tax ID 6184005013

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Maurius Jeffery • Marcus & Millichap
Bought with BETTY RODRIGUEZ • REALTY MASTERS & ASSOCIATES

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Kelly Corsino

Agent | License ID: 01704102

+1(949) 229-0019

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