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1301-1307 N. Long Beach, Compton 2 lots 2 Retail Properties Offered at $2,150,000 in Compton, CA
INVESTMENT HIGHLIGHTS
- Corner lot + adjacent lot. 19,195 of land with 2 commercial/retail buildings and 1 single-family residence.
- Over 155 ft of combined frontage on N. Long Beach Blvd.
- 1307 N. Long Beach Blvd has 600 amps of power on 2 separate meters. Building can be subdivided.
- Lots of potential for redevelopment. Earn income during the entitlement period.
- Existing pylon sign
EXECUTIVE SUMMARY
KW Commercial is proud to present a great opportunity to own 2 lots from the corner of Long Beach Blvd & Kay St totaling 19,195 SF or 0.44ac. The corner lot is 9,600 SF and has 2 structures totaling 1,964 SF. 1st corner building is a free-standing commercial/retail use approx 1000 SF with it's own privately fenced, gated parking lot. One the same lot, a 2 bedroom/1 bathroom single-family house (1317 E. Kay St) is included. This SFR property is currently rented on m-t-m lease. The adjacent lot (1307 N. Long Beach Blvd) is privately fenced and gated offering 9,696 SF (lot) with a commercial/retail building approx 4,940 SF. This property comes with a highly visible, powered, pylon signage. We have many lease inquires, but seller's ultimate goal is to sell. Proforma NOI is $144k with a projected cap rate of 6.7%.
TAXES & OPERATING EXPENSES (PRO FORMA - 2024) |
ANNUAL |
|---|---|
| Gross Rental Income |
$150,120
|
| Other Income |
$35,040
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$185,160
|
| Taxes |
$26,375
|
| Operating Expenses |
$6,000
|
| Total Expenses |
$32,375
|
| Net Operating Income |
$152,785
|
TAXES & OPERATING EXPENSES (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $150,120 |
| Other Income | |
|---|---|
| Annual | $35,040 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $185,160 |
| Taxes | |
|---|---|
| Annual | $26,375 |
| Operating Expenses | |
|---|---|
| Annual | $6,000 |
| Total Expenses | |
|---|---|
| Annual | $32,375 |
| Net Operating Income | |
|---|---|
| Annual | $152,785 |
PROPERTY FACTS
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1307 N Long Beach Blvd, Compton, CA 90221 | Retail | 4,949 SF | 1962 | - |
| 1301 N Long Beach Blvd, Compton, CA 90221 | Retail | 1,964 SF | 1960 | - |
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1301-1307 N. Long Beach, Compton 2 lots
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