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123 W Alondra Blvd Compton, CA 90220
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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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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with BRC Advisors- BH