947 W Magnolia Street, Compton, CA 90220

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Glen Henderson

[email protected] +1(619) 889-7646

$1,449,000

Est. payment - /mo

10 Beds

7 Baths

3,616 SqFt

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UPDATED:

12/04/2024 09:04 PM

Key Details

Property Type Condo

Listing Status Active

Purchase Type For Sale

Square Footage 3,616 sqft

Price per Sqft $400

MLS Listing ID OC24162247

Style All Other Attached

Bedrooms 10

Full Baths 7

HOA Y/N No

Year Built 2024

Lot Size 7,500 Sqft

Acres 0.1722

Type of Financing Cash,Conventional,Exchange,Land Contract,Submit

Property Description

947 W. Magnolia St presents an exceptional investment opportunity to acquire a 3-unit building in Compton, California, known as the "Hub City" for its central location within Los Angeles County and convenient access to major freeways. Situated adjacent to the Alameda Corridor, which handles 25% of all U.S. waterborne international trade, Compton is rapidly transforming into a key industrial hub for transit, distribution, business services, high-tech industries, and more. This property includes a diverse unit mix: (2) four-bedroom/three-bathroom units and (1) two-bedroom/one-bathroom unit. Additional features include spacious floorplans, 2 two car garages, and laundry in each unit. With strong potential for rent increases, this asset provides the opportunity to enhance cash flow and further boost the already impressive cash-on-cash return.
947 W. Magnolia St presents an exceptional investment opportunity to acquire a 3-unit building in Compton, California, known as the "Hub City" for its central location within Los Angeles County and convenient access to major freeways. Situated adjacent to the Alameda Corridor, which handles 25% of all U.S. waterborne international trade, Compton is rapidly transforming into a key industrial hub for transit, distribution, business services, high-tech industries, and more. This property includes a diverse unit mix: (2) four-bedroom/three-bathroom units and (1) two-bedroom/one-bathroom unit. Additional features include spacious floorplans, 2 two car garages, and laundry in each unit. With strong potential for rent increases, this asset provides the opportunity to enhance cash flow and further boost the already impressive cash-on-cash return.

Location

State CA

County Los Angeles

Area Compton (90220)

Zoning CORM*

Interior

Laundry Inside

Exterior

Garage Spaces 4.0

Total Parking Spaces 4

Building

Lot Description Sidewalks, Landscaped

Story 1

Lot Size Range 7500-10889 SF

Sewer Public Sewer

Water Public

Level or Stories 2 Story

Others

Monthly Total Fees $96

Miscellaneous Urban

Acceptable Financing Cash, Conventional, Exchange, Land Contract, Submit

Listing Terms Cash, Conventional, Exchange, Land Contract, Submit

Special Listing Condition Standard

CFD/Mello-Roos Fee $1, 152

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Listed by Alex Pirro • KASE Real Estate, Inc.

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

947 W Magnolia Street Compton, CA 90220

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

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