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123 W Alondra Blvd, Compton, CA, 90220
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Commercial sold for $1,220,000 in 130 days

123 W Alondra Blvd Compton, CA, 90220

Off the market Other

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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.
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Property details

4,152 sqft interior area
Land area
6,455 sqft (0.15 acres)
Address
123 W Alondra Blvd, Compton, CA, 90220
City of California
Compton
County
Los Angeles
Previous price
$1,365,000
Year Built
1928
District
Listing

Nearby major retailers

Albertsons
Walmart Supercenter
ALDI
Trader Joe's
Walmart Neighborhood Market
T-Mobile
Aldi
Supermarket: 9
Mobile phone: 3
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Listed by

Sean Rosenzweig, Marcus & Millichap
Name
Sean Rosenzweig
License number
01406343
Brokerage company
Marcus & Millichap
MLS #
CL23337373

Buyer agent

Name
Mike Iryami
Brokerage company
BRC Advisors- BH

Payment calculator

Calculate your monthly payments
Mortgage
$3,746
Taxes
$0
HOA dues
$0
$3,746 per month
Mortgage
$244,000 / 20%
2.28%
30 years
Your amount $3,746 / month

Lot details

TMK #6160007009
Parcel nr.
6160007009

90220 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
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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 90220

49%
Families with children
National average: 39%
19%
Non family households
474,057
Population
$65,926
Average Income

Age & gender

Median age 31 years
More info

Commute types

89% commute by car
More info

Education level

32% have not graduated education
More info

Number of employees

2% work in education and healthcare
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Vehicles available

33% have 3 or more
More info

Vehicles by gender

33% have 3 or more
More info

Housing market insights for

$661.13k
Neighborhood average
sales price*
$653.97k
Neighborhood median
sales price*
393
Number
of sales*

Housing type

60% are single detacheds
More info

Rooms

50% of the houses have 4 or 5 rooms
More info

Bedrooms

70% have 2 or 3 bedrooms
More info

Owners vs Renters

53% are owners
More info
11.17 / 20
Above Average
15-20
10-15
5-10
1-5
Walkability according to the National Walkability Index

Price history

Sold Apr 12, 2024
Date Event Price $/sqft Source
Apr 12, 2024 Sold $1,220,000 0 Public Record
Apr 12, 2024 Price Decrease $1,220,000 -1.61% 0 MLS #CL23337373
Mar 12, 2024 Under contract $1,240,000 0 MLS #CL23337373
Feb 2, 2024 Price Decrease $1,240,000 -9.16% 0 MLS #CL23337373
Dec 5, 2023 New Listing $1,365,000 0 MLS #CL23337373

Taxes of 123 W Alondra Blvd, Compton, CA, 90220

COCL zoning / MLS #CL23337373
Zoning
COCL

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Frequently Asked Questions about 123 W Alondra Blvd

What is 123 W Alondra Blvd?

123 W Alondra Blvd is a Commercial/Industrial propertywith 4,152 sqft interior space.

What is the rental income?

-

What is the full address of this Commercial?

123 W Alondra Blvd, Compton, CA, 90220.

What comparable properties are nearby?

Comparable nearby commercial properties include 209 S Willow Ave, 208 W Rosecrans Ave, 410 N Wilmington Ave, 501 S Crane Ave, 1638 E Compton Blvd, 1112 W Rosecrans 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: Apr 25, 2024
Verhouse Last checked 11 minutes ago


The closest grocery stores are Superior, 0.61 miles away and ALDI, 0.66 miles away.
The 90220 zip area has a population of 474,057, and 49% of the families have children. The median age is 31.64 years and 89% commute by car. The most popular housing type is "single detached" and 53% is owner.
Commercial Sold $1.22m 123 W Alondra Blvd, Compton, CA, 90220 Save House Remove from Saved