14710 Atlantic Ave Compton, CA 90221
- Commercial real estate
- 1,712 SF
Current Use by Public Records
- Commercial real estate
Property Details for 14710 Atlantic Ave
- Year built
- 1951
- Property size
- 1,712 SF
- Property type
- Commercial real estate
- APN
- 6185-006-025
Description
This exceptional value-add opportunity presents a four-unit apartment building situated in Compton, California, at 14710 Atlantic Ave. The property, comprised of two structures built in 1951, offers 1,712 square feet of net rentable space on a 4,928 square foot lot. Currently boasting 100% occupancy, the property features four one-bedroom units, three of which have been recently renovated. Each unit includes a dedicated one-car garage located in the rear, accessible via an alleyway, presenting potential for future ADU conversions. The property's zoning is designated as CORH. The asking price is $800,000, representing a price per unit of $200,000 and a price per square foot of $467.29. The current Net Operating Income (NOI) stands at $47,295, yielding a 5.91% capitalization rate. However, a pro-forma analysis projects a significant increase in NOI to $80,841, resulting in a 10.11% capitalization rate. This strategic location offers convenient access to major freeways (710, 105, and 91), providing easy commutes to Los Angeles, Lynwood, South Gate, Gardena, and Long Beach. Nearby amenities include the Compton Town Center, Plaza Mexico, and several museums. This property presents a compelling investment opportunity with substantial upside potential for increased profitability through further renovations and potential ADU development. The property's strong current performance, combined with its significant upside potential, makes it an attractive investment for discerning buyers.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Compton
- County
- Los Angeles
- State
- California
- Longitude
- -118.19368564829
- Latitude
- 33.898950007615
