$1,449,000
947 W Magnolia Street Compton, CA 90220
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$1,449,000
Est. payment /mo
10 Beds
7 Baths
3,616 SqFt
UPDATED:
11/22/2024 09:48 PM
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 3,616 sqft
Price per Sqft $400
MLS Listing ID CROC24162247
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 Listing
Zoning CORM
Interior
Interior Features Family Room
Cooling None
Fireplaces Type None
Fireplace No
Laundry Inside
Exterior
Garage Spaces 4.0
Pool None
View Y/N false
View None
Total Parking Spaces 4
Private Pool false
Building
Lot Description Level, Landscape Misc
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two Story
New Construction No
Schools
School District Compton Unified
Others
Tax ID 6156017031
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© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Alex Pirro • KASE Real Estate, Inc.
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