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1702 N Long Beach Blvd

Compton, CA 90221
  • $2,700,000
  • STATUS: Active Under Contract
  • ON SITE: 94 Days
  • MLS #: 22-137729
Under Contract
UPDATED: 23 min ago
$2,700,000
  • 4
    BEDS
  • 0.47
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,512
    SQFT
  • $317
    $/SQFT
Type:
Multi-Family
Built:
1937
County:

School Ratings & Info

Description

1702-1710 N Long Beach Boulevard is a mixed-use investment property located in Compton, CA. Built-in 1937 and remodeled in 2020, the property is comprised of nineteen total units/spaces: ten (10) studio units; two(2) two-bedroom, two-bathroom units; two (2) non-conforming studio units; and five (5) storefront retail units. With over $150,000 invested in upgrades throughout the property, it features high street visibility, upgrades in several of the units, and on-site parking in the rear of the property. Stationed near the border of Compton and Lynwood, just north of Rosecrans Avenue, 1702 N Long Beach Boulevard features a walk score of 85/100 and offers tenants and visitors access to various employment centers throughout Southern California via I-105 and I-710. The property's location also creates convenient access to several local retail outlets throughout the Compton, Lynwood, and Paramount areas. Given the situation of the property and recent trends in the market, 1702 N Long Beach Boulevard is an excellent opportunity for an investor looking to purchase a recently upgraded, mixed-used property with great cash-flow and attractive financial metrics.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-06-25T09:42:44.827. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.haciendagroupinc.com/homes/126946950
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1702 N Long Beach Blvd Compton, CA 90221

  • Price: $2,700,000
  • Status: Active Under Contract
  • On Site: 94 Days
  • Updated: 23 min ago
  • MLS #: 22-137729
4
Beds
0
Baths
0
½ Baths
0.47
Acres
8,512
SQFT
$317
$/SQFT
1937
Built
Neighborhood:
Compton N Of Rosecrans, E Of Central
County:
Los Angeles
Area:
Compton N Of Rosecrans, E Of Central
Property Description
1702-1710 N Long Beach Boulevard is a mixed-use investment property located in Compton, CA. Built-in 1937 and remodeled in 2020, the property is comprised of nineteen total units/spaces: ten (10) studio units; two(2) two-bedroom, two-bathroom units; two (2) non-conforming studio units; and five (5) storefront retail units. With over $150,000 invested in upgrades throughout the property, it features high street visibility, upgrades in several of the units, and on-site parking in the rear of the property. Stationed near the border of Compton and Lynwood, just north of Rosecrans Avenue, 1702 N Long Beach Boulevard features a walk score of 85/100 and offers tenants and visitors access to various employment centers throughout Southern California via I-105 and I-710. The property's location also creates convenient access to several local retail outlets throughout the Compton, Lynwood, and Paramount areas. Given the situation of the property and recent trends in the market, 1702 N Long Beach Boulevard is an excellent opportunity for an investor looking to purchase a recently upgraded, mixed-used property with great cash-flow and attractive financial metrics.
Exterior Features

Lot Size Area 20291 Other Structures Other Parking Garage Other Total Parking 17

Interior Features

Baths Total 14.00 Cooling Other Equipment Other Heating Other

Property Features

Gross Income 295500 Gross Operating Income 280725 Like Units1 10 Like Units2 5 Like Units3 2 Net Operating Income 174546.00 Number Of Buildings 1 Number Of Units 17 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Appraiser Total Annual Expense 106179 Type Of Units Apartments Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Cocl*

Listing provided courtesy of John Wright DRE# of Matthews Real Estate Investment Services.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-06-25T09:42:44.827. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Hacienda Agency Inc
77935 Calle Tampico # 201
La Quinta CA, 92253