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338 W Magnolia Street

Compton, CA 90220
  • $825,000
  • STATUS: ACTIVE
  • ON SITE: 12 Days
  • ID#: SB22005977
UPDATED: 65 min ago
$825,000
  • 4
    BEDS
  • 0.17
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,360
    SQFT
  • $350
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1939
County:

School Ratings & Info

Description

338 W Magnolia St is a 4-Unit asset located in the heart of Compton. One unit will be delivered tenant ready, beneficial to the new owner! This value-add asset is comprised of (4) 1-bedroom/1-bath units, currently operating at a 4.42% CAP. The building has 2,360 Sq.Ft of living space and the units feature hardwood floors, new interior paint, spacious layouts, and an open outdoor area. There is laundry on-site, as well as 4 garage parking spots, plus one bonus outdoor spot. Still plenty of room to grow the monthly rental income, with an 6.69% Market CAP. 338 W Magnolia St in Compton sits on an oversized 7,203 SqFt Lot. This value-add asset has over 26% in monthly rental income, once units are rented for market! This is an ideal investment for any owner/user or investor looking for massive upside. The subject property is within walking distance of the Compton Library and Martin Luther King Jr Memorial Park. Just a few miles away from $6 Billion worth of development in Long Beach, including The Uptown Commons, and plenty of new housing projects. Metro's "A-Line," running from Downtown Long Beach to Downtown Los Angeles, also has a Compton station within a mile of 338 W Magnolia Street. 338 W Magnolia St is a 4-Unit asset located in the heart of Compton. One unit will be delivered tenant ready, beneficial to the new owner! This value-add asset is comprised of (4) 1-bedroom/1-bath units, currently operating at a 4.42% CAP. The building has 2,360 Sq.Ft of living space and the units feature hardwood floors, new interior paint, spacious layouts, and an open outdoor area. There is laundry on-site, as well as 4 garage parking spots, plus one bonus outdoor spot. Still plenty of room to grow the monthly rental income, with an 6.69% Market CAP. 338 W Magnolia St in Compton sits on an oversized 7,203 SqFt Lot. This value-add asset has over 26% in monthly rental income, once units are rented for market! This is an ideal investment for any owner/user or investor looking for massive upside. The subject property is within walking distance of the Compton Library and Martin Luther King Jr Memorial Park. Just a few miles away from $6 Billion worth of development in Long Beach, including The Uptown Commons, and plenty of new housing projects. Metro's "A-Line," running from Downtown Long Beach to Downtown Los Angeles, also has a Compton station within a mile of 338 W Magnolia Street.

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
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338 W Magnolia Street Compton, CA 90220

  • Price: $825,000
  • Status: ACTIVE
  • On Site: 12 Days
  • Updated: 65 min ago
  • ID#: SB22005977
4
Beds
4
Baths
0
½ Baths
0.17
Acres
2,360
SQFT
$350
$/SQFT
1939
Built
Neighborhood:
Compton (90220)
County:
Los Angeles
Area:
Compton (90220)
Property Description
338 W Magnolia St is a 4-Unit asset located in the heart of Compton. One unit will be delivered tenant ready, beneficial to the new owner! This value-add asset is comprised of (4) 1-bedroom/1-bath units, currently operating at a 4.42% CAP. The building has 2,360 Sq.Ft of living space and the units feature hardwood floors, new interior paint, spacious layouts, and an open outdoor area. There is laundry on-site, as well as 4 garage parking spots, plus one bonus outdoor spot. Still plenty of room to grow the monthly rental income, with an 6.69% Market CAP. 338 W Magnolia St in Compton sits on an oversized 7,203 SqFt Lot. This value-add asset has over 26% in monthly rental income, once units are rented for market! This is an ideal investment for any owner/user or investor looking for massive upside. The subject property is within walking distance of the Compton Library and Martin Luther King Jr Memorial Park. Just a few miles away from $6 Billion worth of development in Long Beach, including The Uptown Commons, and plenty of new housing projects. Metro's "A-Line," running from Downtown Long Beach to Downtown Los Angeles, also has a Compton station within a mile of 338 W Magnolia Street. 338 W Magnolia St is a 4-Unit asset located in the heart of Compton. One unit will be delivered tenant ready, beneficial to the new owner! This value-add asset is comprised of (4) 1-bedroom/1-bath units, currently operating at a 4.42% CAP. The building has 2,360 Sq.Ft of living space and the units feature hardwood floors, new interior paint, spacious layouts, and an open outdoor area. There is laundry on-site, as well as 4 garage parking spots, plus one bonus outdoor spot. Still plenty of room to grow the monthly rental income, with an 6.69% Market CAP. 338 W Magnolia St in Compton sits on an oversized 7,203 SqFt Lot. This value-add asset has over 26% in monthly rental income, once units are rented for market! This is an ideal investment for any owner/user or investor looking for massive upside. The subject property is within walking distance of the Compton Library and Martin Luther King Jr Memorial Park. Just a few miles away from $6 Billion worth of development in Long Beach, including The Uptown Commons, and plenty of new housing projects. Metro's "A-Line," running from Downtown Long Beach to Downtown Los Angeles, also has a Compton station within a mile of 338 W Magnolia Street.
Exterior Features

Lot Size 4000-7499 SF Parking Spaces Total 2 Pool N/K Residential Styles All Other Attached Residential Unit Location 2+ Common Walls Site Curbs View N/K

Interior Features

Bath Totals 4 Bedrooms Total 4 Cooling N/K Equipment Available N/K Fireplace N/K Laundry Location N/K Searchable Rooms All Bedrooms Down Stories 1 Story

Property Features

Assessments N/K Cfd Mello Roos Fee 0.0 Cfd Mello Roos Fee Reflects Year Home Owners Fees 0.0 Miscellaneous Urban Sales Restrictions Standard Sewer Septic Public Sewer Terms Conventional Water Public

Listing provided courtesy of Lyon Stahl Investment Real Estate, Inc.. Listing information © 2022 San Diego MLS Inc. Source: CRMLS
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
 
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