947 W Magnolia Street Compton, CA 90220
10 Beds
7 Baths
3,616 SqFt
UPDATED:
11/25/2024 05:44 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
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.
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
