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Multifamily

123 W Alondra Boulevard

123 W Alondra Blvd, Compton, CA 90220

Listing Price: $1,240,000

Cap Rate
7.05%
Number of Units
6
GRM
9.05
Price/Unit
$206,667
Price/Gross SF
$298.65
Gross SF
4,152

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is 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-bedroom 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 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

Investment Highlights

  • One Unit will be Delivered Vacant Allowing New Ownership to Immediately Renovated in Order to Achieve a Market Rental Rate
  • Operating at a Current 7.05% Cap Rate with Additional Upside
  • Located in a Dense Pocket of Compton. With a Walk Score of 75 'Very Walkable' – Residents Enjoy Convenient Access to Employment Centers, Retail & Entertainment

Exclusively Listed By

Financing By

Multifamily

123 W Alondra Boulevard

Listing Price: $1,240,000

Cap Rate
7.05%
Number of Units
6
GRM
9.05
Price/Unit
$206,667
Price/Gross SF
$298.65
Gross SF
4,152

Investment Highlights

  • One Unit will be Delivered Vacant Allowing New Ownership to Immediately Renovated in Order to Achieve a Market Rental Rate
  • Operating at a Current 7.05% Cap Rate with Additional Upside
  • Located in a Dense Pocket of Compton. With a Walk Score of 75 'Very Walkable' – Residents Enjoy Convenient Access to Employment Centers, Retail & Entertainment

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is 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-bedroom 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 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

Exclusively Listed By

Financing By

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