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

6 Baths

7,500 Sqft Lot

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UPDATED:

12/06/2024 05:45 PM

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC24186459

Bedrooms 10

HOA Y/N No

Lot Size 7,500 Sqft

Type of Financing Cash,Conventional,Exchange,Land Contract

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 Builder

Building

Lot Description Sidewalks

Story 1

Lot Size Range 7500-10889 SF

Level or Stories 2 Story

Others

Monthly Total Fees $96

Acceptable Financing Cash, Conventional, Exchange, Land Contract

Listing Terms Cash, Conventional, Exchange, Land Contract

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

Building

Others

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