116 E Alondra
Property Overview
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.
Home Details
- Property type
- Residential Income - Apartment
- Year built
- 1962
- Lot size
- 6,862 sq ft
- Parking
- 6 spaces
- Garage
- 6 spaces
- Stories
- 2
- Days on market
- 4
- MLS status
- Active
Features & Amenities
Pool
- None
Lot
- Zero To One Unit Acre
Community, Schools & Utilities
Utilities
- Heating
- WallFurnace
- Cooling
- None
- Water
- Public
- Sewer
- PublicSewer
Location & Neighborhood
Frequently Asked Questions About 116 E Alondra
Property type: Residential Income
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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