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Listed by Chris Barker • Yorkshire Realty
$2,100,000
Est. payment /mo
6,499 SqFt
New
530 E El Segundo Boulevard Compton, CA 90222
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Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 6,499 sqft
Price per Sqft $323
MLS Listing ID CRPW25117225
HOA Y/N No
Year Built 1914
Lot Size 0.981 Acres
Property Sub-Type Comm Ind For Sale
Source Datashare California Regional
Property Description
We are pleased to present 530-536 E El Segundo Blvd. This offering consists of two adjoining parcels totaling approximately one acre of flat, usable land in Compton, CA. This unique asset offers countless possibilities for an investor, developer, or end-user. Both parcels are zoned for manufacturing and in a qualified opportunity zone. The property is centrally located between several major freeways and along the Alameda Corridor, with easy access to the port of Los Angeles and port of Long Beach. Nearby properties include logistics operations and manufacturing facilities. An alleyway spans the east side of the property for greater accessibility. The two parcels currently contain nine residential units, two of which will be delivered vacant. All remaining tenants are month-to-month. Compton does not have its own tenant protection ordinance, so an owner may raise rents and terminate tenancies pursuant to state law. An owner-user can occupy some units and lease out the rest. A multi-family investor can remodel and re-rent all of the units to achieve an 8.6% CAP or higher. Or the property can be redeveloped in a variety of ways.
Location
State CA
County Los Angeles
Interior
Fireplace No
Building
Water Public
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