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4014 E Alondra Boulevard, Compton, California 90221, Compton, 90221 - bed, bath

4014 E Alondra Boulevard, Compton, California 90221 home-pic-0
ACTIVE$1,125,000
4014 E Alondra Boulevard, Compton, California 90221
0Bed
0Bath
4,045Sqft
5,832Lot
Year Built
1960
Close
-
List price
$1.13M
Original List price
$1.25M
Price/Sqft
$278
HOA
-
Days on market
-
Sold On
-
MLS number
MB24247998
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros.

Charming 6-Unit Multifamily Property in Prime Compton Rancho Dominguez Location located on the County Side not City Side! Welcome to 4014 E Alondra Blvd, a well-maintained 6-unit multifamily property offering 4,045 sq. ft. of living space on a 5,832 sq. ft. lot. Built in 1960, this two-story building is a fantastic investment opportunity with strong rental income potential. Each unit features its own gas and electric meters, ensuring efficient utility management. Six units with a mix of (2)1 Bedroom and 1 Bath and (4)2-bedroom and 1 bath layouts. Ample and assigned parking for the occupants. Live in one and let the other 5 units pay for your mortgage. Prime location close to Kelly Elementary School, Dominguez High School, and nearby private schools such as Christian New Life Academy. Convenient access to major highways, including the 710 Freeway, and public transportation routes. Close proximity to East Rancho Dominguez Park and other urban amenities. Surrounded by a variety of grocery stores, restaurants, and retail options. Don't miss this excellent opportunity to invest in a growing area of Compton

Price History

Date
Event
Price
10/16/03
Sold
$360,000
12/28/95
Sold
$70,000
Condition Rating
Poor
Built in 1960, this multifamily property shows significant signs of age and lack of modern updates. The kitchens feature extremely dated cabinets, tile countertops, and older appliances, indicating no major renovations in several decades. Interior images reveal worn flooring (vinyl, old tile, carpet), popcorn ceilings, and basic, outdated light fixtures. The presence of window AC units suggests a lack of central cooling. While described as 'well-maintained' in the listing, the visual evidence points to a property that requires substantial rehabilitation and modernization to meet current living standards and maximize rental potential, particularly in the critical kitchen and bathroom areas.
Pros & Cons

Pros

High Income Potential: This is a 6-unit multifamily property offering strong rental income potential, with the attractive option for an owner to live in one unit and have the other five units cover mortgage expenses.
Strategic Location: Situated in a prime Compton Rancho Dominguez location (county side), the property boasts convenient access to schools, major highways (710 Freeway), public transportation, parks, and various urban amenities.
Individual Utility Metering: Each unit is equipped with its own gas and electric meters, a significant advantage for landlords as it simplifies utility management and reduces operating costs.
Ample & Assigned Parking: The property provides ample and assigned parking for occupants, a valuable amenity that enhances tenant satisfaction and property appeal in a multifamily setting.
Diverse Unit Mix: The property features a mix of (2) 1-bedroom and (4) 2-bedroom units, catering to a broader range of potential tenants and offering flexibility in rental strategies.

Cons

Property Age & Potential Deferred Maintenance: Built in 1960, the property is over 60 years old, which may imply aging infrastructure and systems, potentially leading to higher maintenance costs and future capital expenditures for upgrades, despite being described as 'well-maintained'.
Recent Price Reduction: The property has undergone a significant price reduction from its original list price, which could suggest initial overpricing, a lack of buyer interest, or potential underlying issues affecting its perceived market value.
Lack of Specific Renovation Details: While generally described as 'well-maintained,' the absence of specific details regarding recent renovations or modern updates for a 1960-built property could indicate that units may be dated, requiring substantial investment to maximize rental income and tenant appeal.

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