Description
A rare six-unit value-add opportunity in the heart of Compton, offered at $1,399,000 with a 9.26% cap rate. Every unit shares a clean, uniform 2 bedroom / 1 bathroom floor plan, simplifying management, turns, and future renovation planning. The property's distinctive mid-century exterior, with its striped fascia and stacked-stone accent wall, gives it strong street presence and curb appeal rarely found at this price point. Inside, unit finishes range from original condition to tastefully updated, including wood-look vinyl plank flooring, tiled tub/shower surrounds, and functional galley kitchens - giving the next owner a mix of turnkey and light-value-add units to work with. Three units are currently occupied generating in-place income, while three are vacant and ready for immediate lease-up at market rents, offering a rare combination of day-one cash flow and clear upside without a heavy capital program. Located in a strong rental submarket with no municipal rent control, tight vacancy, and easy access to major employment and retail corridors, 116 E Alondra Blvd is positioned for both stable income and long-term appreciation. An ideal acquisition for a 1031 exchange buyer or investor looking to build a scalable multifamily portfolio in Southern California.
Details
| MLS # | RS26206507 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1962 |
| Days On Site | 35 |
| Listing Provided By | Circle Real Estate | Mark Perez |
Features
| SQ Feet | 4,756 |
|---|---|
| Garage | 6 |
| Story(s) | 2 |
| Units | 6 |
| Building(s) | 1 |
| Acreage | 0.16 |
Interior
| Cooling | None |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Zero To One Unit Acre |
|---|
Parking
| Garage Yes / No | Yes |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Urban |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Compton |
| Zip Code | 90220 |
| Area | RP Compton S of Rosecrans | E of Central | W of Ala |
| Listing VS Median (in 90220) | |
Price: $1,399,000 low | high Med: $629,000 sqft: 4,756 low | high Med: 1,071 $ / sqft: $294 low | high Med: $590 On site: 35 low | high Med: 14 | |
Market Activity 90220
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Compton |
| Zip Code | 90220 |
| Area | RP Compton S of Rosecrans | E of Central | W of Ala |
| Listing VS Median (in 90220) | |
Price: $1,399,000 low | high Med: $629,000 sqft: 4,756 low | high Med: 1,071 $ / sqft: $294 low | high Med: $590 On site: 35 low | high Med: 14 | |