2720 Compton AveLos Angeles, CA 90011

Property Details for 2720 Compton Ave

Year built

1959

Construction

WOOD

Lot size

0.22 AC

Property size (Sq ft)

9,500 SF

Zone code

LAM1

Property type

Retail properties

Property subtype

Parking lots & garages

APN

5117-001-014

APU

5117001014

Description

This exceptional 73,206 square foot industrial lot, located at 2720 Compton Avenue in Los Angeles, California (zip code 90011), presents a significant development opportunity. The property, identified by APN 5117-001-014;-015;-016;-022;-024, is currently offered for sale by owner at $10,000,000. Zoned M1-1, it's ideally suited for a variety of uses, including the potential development of a cold storage facility. A build-to-suit option may also be considered. The large, fenced lot offers ample space and is conveniently located minutes from the 10 and 110 freeways, providing excellent access to major transportation arteries. Its previous use as school bus parking highlights its suitability for truck and auto parking, RV storage, or self-storage facilities. The property's open space and convenient location make it an attractive investment for developers seeking a prime location in Los Angeles. The property is owned by 2720 Compton Avenue, LLC.

• CAP approach

  CAP return

  Valuation

  6%

  $4,046,217

  6.5%

  $3,734,970

  7%

  $3,468,186

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,552,430

  Geo Method

  $4,552,430

• Alternative Use

  Use

  Valuation

  Residential

  $3,150,586

  Hospitality

  $2,885,920

  Educational

  $2,401,052

  Medical

  $2,483,628

  Retail

  $3,734,970

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0136

Longitude

-118.247

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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