8275 Compton Ave Los Angeles, CA 90001-3915
- Manufacturing properties
- 6,387 SF
- 0.33 lot acres
Oct 01, 2024
Current Use by Public Records
- Tacos de Birria - Birrieria Michoacan La Güera / Restaurant
Property Details for 8275 Compton Ave
- Year built
- 1920
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.33 lot acres
- Property size
- 6,387 SF
- Zone code
- LCM1*
- Property type
- Manufacturing properties
- APN
- 6028-014-002
- APU
- 6028014002
Description
This exceptional 6,387 square foot warehouse, located at 8275 Compton Avenue in Los Angeles, California (90001), presents a compelling investment opportunity. Priced at $1,200,000 ($187/SF), this property offers significant potential for redevelopment or repositioning. Built in 1920 and renovated in 1947, the structure features frame/stucco and masonry construction. The property sits on a substantial 14,461 square foot lot, with a land value of $83 per square foot. The warehouse boasts multiple ground and dock-high loading capabilities, making it ideal for various industrial uses. Its convenient location offers close proximity to the 110 and 105 freeways via the Manchester Avenue exit, ensuring excellent accessibility. The property is zoned LC-M1. Note that the rear warehouse is slated for demolition. This presents a unique chance to acquire a centrally located Los Angeles property with significant upside potential. The property is being sold "as-is." The Assessor's Parcel Number (APN) is 6028-014-002. This is a perfect opportunity for an owner-user or developer seeking a prime location in a thriving market.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,050,000
- ML approach
- $1,050,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,320,000
- 6.5%
- $1,220,000
- 7%
- $1,135,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,098,000
Market price range: $337k - $1.12M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $710,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $1,205,000 Change: +70% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.248
- Latitude
- 33.9635
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA