$1,058,888
310 W Magnolia Street Compton, CA 90220
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$1,058,888
Est. payment /mo
8 Beds
2,834 SqFt
UPDATED:
10/17/2024 09:40 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,834 sqft
Price per Sqft $373
MLS Listing ID CRRS24211655
Bedrooms 8
HOA Y/N No
Year Built 1929
Lot Size 7,197 Sqft
Acres 0.17
Property Description
Investment Opportunity: Introducing this Prime Multi-Family income property that's been well-maintained. This property presents a compelling investment opportunity in the densely populated, and thriving Compton rental market * Gross income of $101,616 annually and 6.3% Cap rate is top market revenue producer at offering price renders ideal levered and unlevered returns * Desirable Unit Mix: Two three-bedroom, two-bathroom units and two one-bedroom, one-bathroom units. * Prime Location: Conveniently situated near schools, shopping centers, and major transportation routes, ensuring strong tenant demand. * Growth Potential: Compton's growing population and rising rental rates make this property an excellent long-term investment. Investment Highlights: * Stable Cash Flow: The property's established rental history and consistent income provide a reliable return on investment. * Value-Add Potential: Explore opportunities to enhance the property's value through renovations or additional amenities. * Strong Market Demand: The growing demand for rental housing in Compton makes this property a desirable asset.
Location
State CA
County Los Angeles
Area Listing
Zoning COPR
Interior
Fireplace No
Laundry Community Facility, Laundry Room
Exterior
Exterior Feature Other
Building
New Construction No
Others
Tax ID 6157017025
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Listed by Isaac Rosales • Executive Bankers Realty
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