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    605 Long Beach Blvd Compton, CA 90221

    Sponsored
    For Sale
    $1,680,000

    Eight-unit apartment building, high cap rate.

    Property size:
    7,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents an eight-unit apartment building located at 605 N Long Beach Blvd, Compton, CA 90221, in Los Angeles County. The property, known as Compton Cottages, boasts a total of 7,500 square feet and is situated on a single-story building constructed in 1942 and extensively renovated in 2018. The building comprises a mix of studio and one-bedroom units, currently generating a Net Operating Income (NOI) of $147,341, representing an attractive 8.77% capitalization rate. The asking price is $1,680,000, translating to $210,000 per unit and $224 per square foot. Tenancy is subject to income restrictions outlined in a Master Rent Subsidy Agreement dated February 1, 2018, between Wigro2 LLC and Brilliant Corners (BC), facilitated through the County of Los Angeles and DHS-funded Flexible Housing Subsidy Pool (FHSP) program. This well-maintained property offers a strong cash flow and significant potential for future appreciation, making it an ideal addition to any investor's portfolio. The property's location in Compton provides convenient access to local amenities and transportation. This is a rare opportunity to acquire a stable, income-producing multifamily asset in a growing market.

    Property Features for 605 Long Beach Blvd

    General Information

    Property type
    Multifamily properties
    Square Feet
    7,500 SF

    Building Details

    Year Built/Renovated
    1942/2018
    Buildings
    1
    Stories
    1
    Units
    8
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Compton
    County
    Los Angeles
    State
    California
    Longitude
    -118.2085957
    Latitude
    33.9002355

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    FAQs

    What type of property is this?
    Multifamily property - Eight-unit apartment building, high cap rate.
    Where is this multifamily property located?
    The property is located at 605 Long Beach Blvd Compton, CA.
    What is the asking price?
    The asking price for this property is $1,680,000.
    Request Owner's contact information
    605 Long Beach Blvd Compton, CA 90221
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    Compton, CA 90221
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    605 Long Beach Blvd Compton, CA 90221
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