3920 E Alondra Blvd - Apartments FOR SALE


Compton, CA 90221- Downtown Compton
$1,700,000 USD
213-225-7223
3920 E Alondra Blvd, Compton, CA for Sale
$1,700,000 USD
Apartments - FOR SALE
1/13
null | 8.39% Cap Rate

3920 E Alondra Blvd
Compton, CA 90221
Downtown Compton


OVERVIEW

We are proud to present 3920 E Alondra Blvd, a 9-unit mixed-use property in Compton, offered at an 8.39% CAP and 8.02 GRM on current rents, with upside potential to achieve a 11.17% CAP and 6.47 GRM upon stabilization. The subject property is situated in close proximity to the 91 and 710 freeways offering convenient access to neighboring cities such as Los Angeles, Lynwood, South Gate, Gardena and Long Beach. Nearby tenant amenities include the Compton Town Center, Plaza Mexico, Compton Art & History Museum, and the Dominguez Rancho Adobe Museum. The property is comprised of two separate structures—a single-story commercial structure with one commercial unit and a two-story building with eight residential units—offering a total of 6,759 rentable square feet which also features seven carport parking spaces which may serve as potential ADU conversions. Built in 1959, the property sits on a 11,814 SF LCC2YY-zoned corner lot with street access on both sides. The unit mix features one commercial unit with frontage on Alondra Blvd and S Caress Ave, as well as one three-bedroom one-bathroom unit and seven two-bedroom one-bathroom units. Seven out of nine units have been renovated.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$252 USD /SF

# OF UNITS

9

PRICE/UNIT

$188,889

CAP RATE

8.39%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,841 SF

ZONING

LCC2YY

APN/PARCEL ID

7302-001-023

ASK ABOUT THIS PROPERTY

Casey LinsKidder MathewsMore Info
213-225-7223

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Casey LinsKidder MathewsMore Info
213-225-7223

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.