Compton, CA 90220,123 W Alondra Blvd
Compton, CA 90220,123 W Alondra Blvd
Compton, CA 90220,123 W Alondra Blvd
5
$1,220,000
$1,240,000
1.6%
Est.Price: ?

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11 BD
6 BA
4,152 SqFt

123 W Alondra Blvd Compton, CA 90220

Est. payment /mo
SOLD DATE : 04/12/2024

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Key Details

Sold Price $1,220,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 4,152 sqft

Price per Sqft $293

MLS Listing ID 23-337373

Sold Date 04/12/24

Bedrooms 11

Year Built 1928

Lot Size 6,455 Sqft

Acres 0.1482

Property Description

We are pleased to offer for sale a six-unit apartment community located at 123 West Alondra Boulevard. The subject property is located on Alondra Boulevard, just west of the Alameda Street intersection within the dense Compton submarket.123 West Alondra is centrally situated for easy access to Compton's essential services. With close proximity to major highways and public transportation, commuting is convenient, offering the perfect balance between city life and tranquility. Situated on a 6,453 square foot parcel, the property is comprised of one-bedroom, two-bedroom & three-bed room units. There is more than 25% rental upside through interior renovations. One unit will be delivered vacant allowing new ownership to immediately renovate and achieve e a market rental rate. The property is being offered at an attractive basis with a 7.05% cap rate on current income. The continued gentrification of the surrounding area along with the remaining value-add potential for a new owner to renovate units and achieve superior future returns moving forward makes 123 West Alondra Boulevard an excellent acquisition opportunity.

Location

State CA

County Los Angeles

Area Compton S Of Rosecrans, E Of Central, W Of Alameda

Zoning COCL*

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Other

Garage Spaces 12.0

Building

Story 2

Level or Stories Multi/Split, Two

Others

Special Listing Condition Standard

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TheMLS (CLAW)
Listed by Marcus & Millichap
Bought with BRC Advisors- BH

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Herman Singh

Broker

+1(310) 625-6175

Name
Phone*
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