10221 Compton Avenue, Los Angeles, CA 90002
  • MLS#: 25551169 ( )
  • Street Address: 10221 Compton Avenue
  • Viewed: 3
  • Price: $6,150,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1997
  • Bldg sqft: 0
  • Days On Market: 15
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90002
  • Provided by: Remax Commercial and Investment Realty
  • Contact: Enrique Enrique
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Proudly presenting an exclusive opportunity to acquire a stabilized, income producing mixed use office/retail building located in the heart of South Los Angeles, prominently anchored by Chase Bank, a strong national credit tenant. Constructed in 1997, the building has been exceptionally built and maintained with the highest standards. This well positioned asset offers an immediate return with a cap rate exceeding 6.0%, providing strong in place cash flow from established long term tenants. Priced to sell, the property features significant upside through rental income growth and lease restructuring. Current lease terms offer the ability to implement operating expense reimbursements and adjust below market rents, creating additional value for the investor. Strategically located in a dense urban corridor of South Los Angeles, the property benefits from high visibility, strong foot traffic, and proximity to major transportation routes and city landmarks. It sits approximately 7 miles from Downtown Los Angeles, 6 miles from USC and Exposition Park, and about 13 miles from LAX. The surrounding area is a vibrant, evolving community with a mix of residential, retail, and civic uses, offering long term growth and tenant demand. This investment is ideal for those seeking a combination of immediate income and long term value in a rapidly transforming submarket of Los Angeles.
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Features
Anchors Cotenants
  1. CHASE Bank
Assetclass
  1. Retail
Building Area Total
  1. 20865.00
Building Features
  1. Elevators
Building Name
  1. Watts Civic Center
Country
  1. US
Heating
  1. Central
Netoperatingincome
  1. 374139.00
Parcel Number
  1. 6048012027
Totalexpenses
  1. 219708.00
Year Built
  1. 1997
Zoning
  1. LAPF