SOLD 12/20/2023
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Commercial sold for $320,000 in 71 days
1916 E Rosecrans Ave Compton, CA, 90221
Off the market Comm Ind For Sale
The property is currently 100% occupied by three tenants, Yolanda's Beauty Salon, Jo's Mini Market & Martinez Carpets. All tenants are currently on month-to-month leases. There are 4 parking spaces located in the rear of the property via alley access off of Bradfield Avenue. The property is being offered at only $154 per square foot. A new investor has the opportunity to capture significant returns by renovating the interior spaces and up grading the facade. Conservative estimates for post rehab lease rates bring the proforma cap rate to an alluring 9.74%.
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Property details
2,100 sqft interior area
Land area
5,534 sqft (0.13 acres)
Address
1916 E Rosecrans Ave, Compton, CA, 90221
City of California
Compton
County
Los Angeles
Year Built
1951
Parking Spaces
4
District
Listing
Nearby major retailers
Walmart Supercenter
ALDI
T-Mobile
Albertsons
Trader Joe's
Walmart Neighborhood Market
Aldi
Supermarket: 12
Mobile phone: 4
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Listed by
Maurius Jeffery, Marcus & Millichap
Name
Maurius Jeffery
License number
01738154
Brokerage company
Marcus & Millichap
MLS #
CL23320115
Buyer agent
Name
Datashare Cr Don't Delete Default Agent
Brokerage company
Datashare CR Default Office Don't Delete
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Calculate your monthly payments
Mortgage
$983
Taxes
$0
HOA dues
$0
Mortgage
$64,000 / 20%
2.28%
30 years
Your amount
$983 / month
Lot details
TMK #6184005013
Parcel nr.
6184005013
90221 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
—
no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 90221
52%
Families with children
National average: 39%
18%
Non family households
546,645
Population
$62,839
Average Income
Age & gender
Median age 30 years
More info
Commute types
88% commute by car
More info
Education level
35% have not graduated education
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Number of employees
2% work in education and healthcare
More info
Vehicles available
33% have 3 or more
More info
Vehicles by gender
33% have 3 or more
More info
Housing market insights for
$642.54k
Neighborhood average
sales price*
sales price*
$636.13k
Neighborhood median
sales price*
sales price*
401
Number
of sales*
of sales*
Housing type
58% are single detacheds
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Rooms
51% of the houses have 4 or 5 rooms
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Bedrooms
70% have 2 or 3 bedrooms
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Owners vs Renters
52% are renters
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16 / 20
Most Walkable
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Pending Dec 28, 2023
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Dec 28, 2023 | Pending | $300,000 | 0 | MLS #CL23320115 |
| Dec 20, 2023 | Sold | $320,000 | 0 | Public Record |
| Dec 20, 2023 | Price Increase | $320,000 +6.67% | 0 | MLS #CL23320115 |
| Dec 6, 2023 | For sale | $300,000 | 0 | MLS #CL23320115 |
| Oct 24, 2023 | Unavailable | $300,000 | 0 | MLS #CL23320115 |
| Oct 11, 2023 | New Listing | $300,000 | 0 | MLS #CL23320115 |
Taxes of 1916 E Rosecrans Ave, Compton, CA, 90221
COCL zoning / MLS #CL23320115
Zoning
COCL
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Frequently Asked Questions about 1916 E Rosecrans Ave
What is 1916 E Rosecrans Ave?
1916 E Rosecrans Ave is a Commercial/Industrial propertywith 2,100 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
1916 E Rosecrans Ave, Compton, CA, 90221.
What comparable properties are nearby?
Comparable nearby commercial properties include 1455 E Rosecrans Ave, 1806 E Alondra Blvd, 12005 Garfield Ave, 6050 Atlantic Ave, 9715 Long Beach Blvd, 5662 Atlantic Ave.
Based on information from the bridgeMLS as of 05-18-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Dec 31, 2023
Verhouse Last checked 1 minute ago
The closest grocery stores are Walmart Supercenter, 0.47 miles away and Northgate Market, 0.75 miles away.
The 90221 zip area has a population of 546,645, and 52% of the families have children. The median age is 30.22 years and 88% commute by car. The most popular housing type is "single detached" and 52% is renter.
