1301 E Alondra Boulevard
Compton, CA, 90221
$625,000
MLS: 24359773
Beds
2
Baths
1
Sq Ft
1,223
Lot
0.24 ac
Year Built
1924
MLS #
24359773
Days on Market
176
Listed
Feb 19, 2024
Description
Calling all developers! Build multi-family units or retail, fast food, you name it. Fantastic development opportunity in Compton, zoned residential with limited commercial zoning overlay. This unique property presents an exciting chance for investors and developers to unleash their creativity in the heart of Compton. On nearly a 1/4 acre lot, this property boasts excellent visibility and accessibility, ideal for attracting both residents and customers. Situated in a highly desirable area of Compton, with great proximity to essential amenities, including shops, restaurants, schools, and transportation. This expansive lot provides ample space for versatile development options. Unlock the full potential of this property by exploring the possibilities of multi-unit residential or retail development. Capitalize on the bustling location by creating retail spaces that cater to the needs and desires of the local community. Don't miss out on this exceptional chance to make your mark in Compton's evolving landscape. Whether you're a seasoned investor or a visionary developer, seize the opportunity to turn this well priced property into a lucrative venture. Schedule a viewing today and unlock the endless possibilities awaiting at 1301 E Alondra Boulevard!
Location
Compton, Los Angeles County, CA 90221
Open on Google Maps ↗Listed by: Adam Brawer · Compass
Payment estimate
$4,642
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $62,500 · Loan: $562,500
- Principal & Interest
- $3,456
- Property tax (1.25%)
- $651
- Homeowners insurance
- $300
- Mortgage insurance
- $234
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Compton home with as little as 3.5% down using an FHA loan — roughly $21,875 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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