1702-1710 N Long Beach Blvd
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1702-1710 N Long Beach Blvd
8,512 SF 89% Leased Retail Building Compton, CA 90221 £1,419,411 (£167/SF) 11.77% Net Initial Yield
Investment Highlights
- 12% +/- Cap Rate, $211 per SF, $89 per Land SF
- Well maintained assets with excellent cash flow
- Dense population - over 861,000 people within a five-mile radius and tra?ic counts over 27,000 vehicles per day
- Two-story mixed-use retail and residential property located on the commercial corridor of North Long Beach Boulevard with ample parking
- Surrounded by a strong mix of national and local retailers within walking distance including Walmart Supercenter, Dollar Tree, R-Ranch Markets, McDona
- Accessible to the 105 and 710 freeways
Executive Summary
Cash flow day one with a 11.77% +/- Cap Rate. The subject property is an 8,512 SF mixed-use retail and residential building situated on a 20,291 sf lot, located at 1702 N. Long Beach Boulevard in Compton, CA. Located just north of the signalized corner of North Long Beach Boulevard and East Rosecrans Avenue in the city of Compton. The subject property has strong occupancy and produces excellent cash flow. North Long Beach Boulevard is a major commercial north/south thoroughfare through the city of Compton with excellent traffic counts. The property has high daily traffic counts with over 27,400 vehicles per day and is conveniently located by the 105 and 710 freeways. Multiple strong retailers are within proximity, including a Walmart Supercenter, R-Ranch Markets, Dollar Tree, Subway, McDonald’s, and Church’s Chicken.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£251,018
|
£29.49
|
| Other Income |
-
|
-
|
| Vacancy Loss |
£7,436
|
£0.87
|
| Effective Gross Income |
£243,582
|
£28.62
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£73,010
|
£8.58
|
| Net Operating Income |
£170,572
|
£20.04
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £251,018 |
| Annual Per SF | £29.49 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | £7,436 |
| Annual Per SF | £0.87 |
| Effective Gross Income | |
|---|---|
| Annual | £243,582 |
| Annual Per SF | £28.62 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £73,010 |
| Annual Per SF | £8.58 |
| Net Operating Income | |
|---|---|
| Annual | £170,572 |
| Annual Per SF | £20.04 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
8,512 SF
Building Class
C
Year Built
1937
Price
£1,419,411
Price Per SF
£167
Net Initial Yield
11.77%
NOI
£167,065
Percent Leased
89%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.42
Land Acres
0.46 AC
Opportunity Zone
Yes
Zoning
CL - COCL
Parking
21 Spaces (2.47 Spaces per 1,000 SF Leased)
Frontage
126 ft on N Long Beach Blvd
Amenities
- Bus Route
- Signage
- Signalised Intersection
Space Availability
- Space
- Size
- Space Use
- Position
- Available
900 square feet of retail space available for lease on N Long Beach Blvd.
| Space | Size | Space Use | Position | Available |
| 1704 | 900 SF | Retail | - | Now |
1704
| Size |
| 900 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
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1704
| Size | 900 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
900 square feet of retail space available for lease on N Long Beach Blvd.
Walk Score ®
Very Walkable (78)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 6177-005-010 | Improvements Assessment | £347,741 (2024) |
| Land Assessment | £860,296 (2024) | Total Assessment | £1,208,038 (2024) |
PROPERTY TAXES
Parcel Number
6177-005-010
Land Assessment
£860,296 (2024)
Improvements Assessment
£347,741 (2024)
Total Assessment
£1,208,038 (2024)
-
Tim Steuernol -
NAI Capital
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1702-1710 N Long Beach Blvd
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