Movoto Real Estate
Sold on 02/08/2024

123 W Alondra Blvd, Compton, CA 90220

  • $1,276,771

    Last sold 02/08/2024 for $1.22M

  • 11

    bed

  • 6

    bath

  • 4,152

    Sqft ($294/Sqft)

Multi-family not for sale
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About 123 W Alondra Blvd

Property type Multi-family
Neighborhood
Year built 1928
HOA fee $0/month
Lot size 6,455 Sqft
Movoto estimate
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.
Listed by
Listing Agent - Sean Rosenzweig
Listing Office - Marcus & Millichap
Source: The MLS mls logo
MLS#23-337373 • last updated 2 years ago
Movoto checked The MLS for data 5 minutes ago
Overview
Levels/Style Multi/Split, Two
MLS # 23-337373
Type Residential Income
Status Sold
SqFt 4152
Lot Size (SqFt) 6455
Lot Size (Acres) 0.1482
Year Built 1928
Interior
Total # of Baths 6
Total # of Bedrooms 11
Exterior
# Parking Spaces 12
Parking Desc Other
Add'l Structures Other
Amenities / Utilities
Equipment Other
Location
County Los Angeles
Zoning COCL*
APN 6160-007-009
Multifamily Details
Unit 5: # Baths 1, 1
Unit 3: Furnished No
Unit 1: Furnished No
Unit 6: Furnished No
Unit 4: Furnished No
Unit 5: Furnished No
Unit 3: Projected Rent 2050
Unit 1: Projected Rent 2050
Unit 1: # Beds 1
Unit 6: # Beds 3
Unit 4: # Beds 1
Unit 1: Rent 1585
Unit 2: Rent 2350
Unit 3: Rent 2050
Unit 4: Rent 1764
Unit 5: Rent 1764
Unit 6: Rent 1921
Unit 2: Furnished No
Unit 2: Projected Rent 2350
Unit 6: Projected Rent 2950
Unit 5: Projected Rent 2950
Unit 4: Projected Rent 2050
Unit 3: # Beds 1
Unit 2: # Beds 2
Unit 2: # Baths 1
Unit 3: # Baths 1
Unit 1: # Baths 1
Unit 4: # Baths 1
Unit 5: # Beds 3
Unit 4: Actual Rent 1764
Unit 3: Actual Rent 2050
Unit Type 2106, 2107, 2108, 2109, 2110, 2111
Unit 5: Actual Rent 1764
Unit 6: Actual Rent 1921
Unit 1: Actual Rent 1585
Total # Of Buildings 1
Net Operating Income 87481
Cap Rate 7.05
Vacancy Rate 1
Gross Income 137208
Gross Operating Income 133092
Gross Rent Multiplier 9.04
Total Annual Expenses 45611
$1.27M
Range: $1.14M-$1.4M
Last 30 days 
  • Apr 2024
    mls logo MLS # 23-337373
  • Apr 12, 2024 Sold
  • Feb 8, 2024 Active
  • Feb 2, 2024 Price Change
    $1,240,000 (-9.2%)
  • Dec 5, 2023 Listed
    $1,365,000
  • 123 W Alondra Blvd
    $1.22M
  • Compton S Of Rosecrans, E Of Central,w Of Alameda
  • 90220
    $600K -4% y/y
  • Compton
    $620K -2% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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