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$ 1,399,000
Est. payment | /mo
8 Beds
4 Baths
6,862 Sqft Lot
$ 1,399,000
Est. payment | /mo
8 Beds
4 Baths
6,862 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID RS26206507
Bedrooms 8
Lot Size 6,862 Sqft
Property Sub-Type Res Income 2-4 Units
Property 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.
Location
State CA
County Los Angeles
Zoning Estimated
Direction Alameda St/ Alondra Blvd
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 6163018058
Listed by Mark Perez, DRE#01279393 Circle Real Estate
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