911 Wilmington AveCompton, CA 90220

  • Retail properties
  • 1,161 SF
For Sale
$499,000 View listing

Property Details for 911 Wilmington Ave

Year built
1926
Construction
WOOD
Lot size
0.05 AC
Property size (Sq ft)
1,161 SF
Zone code
COCL*
Property type
Retail properties
Property subtype
Retail space
APN
6156-006-001
APU
6156006001

Description

This exceptional 1,792 square foot industrial property, located at 911 N Wilmington Avenue in Compton, CA, presents a compelling investment opportunity. Situated on a 0.05-acre lot in a high-traffic area, this fully leased multi-tenant building generates a substantial monthly rental income of $5,995. The property's strategic location near schools and shopping districts ensures consistent tenant occupancy and minimizes vacancy risk. Established tenants are secured with multi-year leases featuring annual rent escalations, providing predictable and growing income streams. This translates to an impressive cap rate exceeding 12%, offering significant returns on investment. The robust rental agreements and consistent cash flow make this an ideal asset for investors seeking long-term stability and substantial returns. The property's strong tenant base and prime location in Compton, CA, contribute to its exceptional value and potential for future appreciation. This is a rare opportunity to acquire a high-performing industrial property with a proven track record of success and a secure financial outlook. The property's size and location make it an attractive investment for both seasoned and new investors seeking a reliable and profitable addition to their portfolio. The current lease structure ensures a steady stream of income, minimizing risk and maximizing returns. This is a turnkey investment ready to generate immediate income and long-term growth.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $447,051
    6.5%
    $412,663
    7%
    $383,187
  • Comparable approach

    Method
    Valuation
    Relative Method
    $795,251
    Geo Method
    $795,251
  • Alternative Use

    Use
    Valuation
    Residential
    $348,097
    Hospitality
    $318,855
    Educational
    $265,283
    Medical
    $274,407
    Retail
    $412,663
911 Wilmington Ave, Compton, California
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Location Insight

City
Compton
County
Los Angeles
State
California
Latitude
33.9025
Longitude
-118.238
CBSA code
31080
CBSA name
LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$8,583
$156,060
$208,080
$364,140
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