Description

$200k PRICE REDUCTION! "The Alondra 15", a 15 unit courtyard-style multi-family property, underwent a full renovation in 2016 and presents investors with an attractive unit mix consisting of majority 2 bed 2 bath units. Priced competitively at a 12.96 GRM and 5.29% CAP with upside to a 7% CAP, the property is well positioned for any investor seeking a quality asset in a proven submarket. The property is situated on the Northwest corner of Alondra Blvd & S Crane Ave, just off of Long Beach Blvd in Compton. Compton is rapidly emerging as a large industrial center in Los Angeles County for transit and distribution, business services, high technology, home and lifestyle products, metals, financial services, and textile manufacturing. This 15 unit investment property has secured entry throughout the property, a central courtyard, 7 garages, & 7 carport parking spots. Opportunity knocks with a well performing building on a corner lot within a proven submarket. Contact the listing team for additional information.