6101 Compton Ave, Los Angeles CA 90001
OFFERING PRICE: $1,025,000
MVP Commercial Investment Real Estate is pleased to present this nine (9) unit (buyer to verify) Mixed-Use building located in Florence, California which is an unincorporated community in Los Angeles that is not subject to rent control. The property is located north of Florence Avenue and east of the 110 Freeway. This two (2) story Mixed-Use investment features four (4) commercial units on the ground floor and four (4) residential units on the second floor. As per title, there are 9 units at the property, but this investment opportunity is currently operating as 8 units (buyer to verify).
Built in 1929, this 6,700SF property sits on a 6,743SF lot zoned LCM1*. The utilities are low at the property as the buildings are separately metered for gas and electricity, so the owner is only responsible for water and common area lighting.
This property is a great Non-Rent Controlled asset with an attractive CAP Rate, 100% occupancy, and on-site parking which either an Investor can take advantage of by remodeling and raising the rents or for an Owner/User to operate out of one of the retail units while collecting strong rents from the other tenants.
The property is located on the south west corner of E 61st St and Compton Ave. Located in Florence, California, the location of the property allows for tenants and retailers the convenience of being located on Compton Ave, a major thoroughfare in South Los Angeles. Also, the subject property is located close to schools, shopping centers, public transport, and Downtown Los Angeles.
For more information, please download the Offering Memorandum.
- NON-RENT CONTROLLED
- 6.07% CAP Rate on Current Rents
- All Month to Month Tenants
- $113,889 per Unit | $152.99 per Rentable Square Foot
- 4 On-Site Garage Parking Spaces
- Tremendous Rental Upside
- Newer Roofs | Separately Metered for Gas and Electricity
- Corner Lot Zoned LCM1*
- Great Mix-Use Investment in a High Traffic Area for an Owner/User or Investor
- Close Proximity to Schools, Shopping Centers, Public
- Transportation, Major Freeways, and Downtown Los Angeles
MVP Commercial Investment Real Estate does not guarantee the accuracy of square footage, lot size or other information concerning the condition or features of the property provided by the seller or obtained from public records or other sources and the buyer is advised to independently verify the accuracy of that information through personal inspection with appropriate licensed professionals. If your home is currently listed with another broker, this is not intended to solicit that listing. CalBRE 01816119, 01483131.