609 Long Beach Blvd Compton, CA 90221
- Retail space
- 6,176 SF
- 0.34 lot acres
Current Use by Public Records
- PhD Dental Compton Kids, Implants & Orthodontics / Dentist
- PYRAMIDS TOBACCO MARKET / Tobacco Shop
- Los Sombreros Restaurant / Mexican Restaurant / Fast Food Restaurant
- Nails on Compton / Waxing Hair Removal Service / Nail Salon
Property Details for 609 Long Beach Blvd
- Year built
- 1946
- Construction
- WOOD
- Lot size
- 0.34 lot acres
- Property size
- 6,176 SF
- Zone code
- COCL*
- Property type
- Retail space
- APN
- 6178-024-002
- APU
- 6178024002
Description
This exceptional investment opportunity presents a 6,176 square foot, multi-tenant retail shopping center situated on a 14,985 square foot lot at 609 N Long Beach Blvd, Compton, CA 90221. The property, built in 1946 and zoned COCL,Compton, boasts 80% occupancy across five units with a diverse tenant mix including a market, donut shop, barber shop, water store, and a well-known Mexican restaurant. The current net lease structure provides a stable income stream with a remaining lease term of 5 years. The property's strategic location on high-traffic Long Beach Boulevard in the heart of Compton ensures consistent foot traffic and visibility. With a 4.50% cap rate and an asking price of $2,200,000, this Class C property represents a compelling investment in a market characterized by strong retail demand and limited new supply. The property's L-shaped design and substantial lot size offer potential for future expansion or redevelopment. This is a rare chance to acquire a well-established, income-producing retail center in a thriving area. APN: 6178-024-001,6178-024-002.
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
- -118.209
- Latitude
- 33.9005
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
