$700,000
$860,000
18.6%For more information regarding the value of a property, please contact us for a free consultation.
5,614 Sqft Lot
SOLD DATE : 10/16/2023
Key Details
Sold Price $700,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID DW23047740
Sold Date 10/16/23
HOA Y/N No
Year Built 1946
Lot Size 5,614 Sqft
Property Description
pleased to present 541 W Rosecrans Ave, a mixed-use property consisting of 5 commercial units and 1 residential unit for sale. The property is located in a prime location in Compton, California, on a busy street with high foot and vehicle traffic.
The commercial units are located on the ground floor of the building and are suitable for various types of businesses, such as retail stores, offices, small service-oriented businesses, or light industrial and manufacturing businesses. The units are well-maintained and equipped with modern amenities such as heating systems, restrooms, and large storefront windows for maximum visibility. However, please note that the units do have air conditioning.
The residential unit is located in the back of the building and features two bedrooms and one bathroom. The unit is spacious and well-lit, with modern fixtures and fittings, including a full kitchen and a living room. The unit provides a quiet and comfortable living space away from the busy street and commercial units.
The property currently generates $51,571 in annual net income from the leased units. There is significant upside potential in the property as there are three vacancies that can be filled with new tenants, increasing the income potential. Additionally, the property can be an ideal investment opportunity for an owner-user who can occupy one of the commercial units and help pay the mortgage while also benefiting from the rental income from the other units.
The property does not have any parking spaces on site, but there are public parking lots and street parking available nearby.
Overall, 541 W Rosecrans Ave is an excellent investment opportunity for those seeking to own a mixed-use property in a prime location in Compton. However, it is recommended to consult a licensed real estate agent or conduct a thorough inspection of the property to obtain the most accurate and up-to-date information about the property's condition, features, and pricing.
Location
State CA
County Los Angeles
Area Rn - Compton N Of Rosecrans, E Of Central
Interior
Fireplace No
Laundry None
Exterior
Roof Type Flat
Building
Lot Description 0-1 Unit/Acre
Water Public
Others
Tax ID 6153014005
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash to Loan
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Gina Hoadley • Virginia Hoadley
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "