Compton, CA 90220,123 W Alondra BLVD
Compton, CA 90220,123 W Alondra BLVD
Compton, CA 90220,123 W Alondra BLVD
$1,220,000
Est. payment /mo
$1,240,000
1.6%
Est.Price: ?

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11 Beds
6 Baths
4,152 SqFt
SOLD DATE : 04/12/2024

Key Details

Sold Price $1,220,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 4,152 sqft

Price per Sqft $293

MLS Listing ID 23337373

Sold Date 04/12/24

Bedrooms 11

HOA Y/N No

Year Built 1928

Lot Size 6,455 Sqft

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 Rp - Compton S Of Rosecrans, E Of Central, W Of Ala

Zoning COCL*

Interior

Fireplace No

Exterior

Total Parking Spaces 12

Building

Story 2

Entry Level Two,Multi/Split

Level or Stories Two, Multi/Split

New Construction No

Others

Senior Community No

Tax ID 6160007009

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Sean Rosenzweig • Marcus & Millichap
Bought with Mike Iryami • BRC Advisors- BH
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