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947 W Magnolia Street

Compton, CA 90220
  • $1,500,000
  • STATUS: ACTIVE
  • ON SITE: 6 Days
  • ID#: OC24162247
New On Site 6 Days Ago
UPDATED: 63 min ago
$1,500,000
  • 10
    BEDS
  • 0.17
    ACRES
  • 7
    BATHS
  • 0
    1/2 BATHS
  • 3,616
    SQFT
  • $415
    $/SQFT
Neighborhood:
Type:
Condo
Built:
2024
County:

School Ratings & Info

Description

947 W. Magnolia St presents an exceptional investment opportunity to acquire a 6-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: (3) three-bedroom/two-bathroom units. 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 6-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: (3) three-bedroom/two-bathroom units. 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.

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San Diego MLS logo 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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
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947 W Magnolia Street Compton, CA 90220

  • Price: $1,500,000
  • Status: ACTIVE
  • On Site: 6 Days
  • Updated: 63 min ago
  • ID#: OC24162247
10
Beds
7
Baths
0
½ Baths
0.17
Acres
3,616
SQFT
$415
$/SQFT
2024
Built
Neighborhood:
Compton (90220)
County:
Los Angeles
Area:
Compton (90220)
Property Description
947 W. Magnolia St presents an exceptional investment opportunity to acquire a 6-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: (3) three-bedroom/two-bathroom units. 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 6-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: (3) three-bedroom/two-bathroom units. 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.
Exterior Features

Entry Level Unit 1 Irrigation Sprinklers Lot Size 7500-10889 SF Parking Spaces Total 4 Pool N/K Residential Styles All Other Attached Residential Unit Location 2+ common walls Site SidewalksLandscaped View N/K

Interior Features

Bath Totals 7 Bedrooms Total 10 Cooling N/K Fireplace N/K Laundry Location Inside Searchable Rooms Family RoomLaundry Stories 2 Story

Property Features

Assessments Unknown Cfd Mello Roos Fee 1152.0 Cfd Mello Roos Fee Reflects Year Home Owners Fees 0.0 Miscellaneous Urban Monthly Total Fees 96 Sales Restrictions Standard Sewer Septic Public Sewer Terms CashConventionalExchangeLand ContractSubmit Water Public Zoning CORM*

San Diego MLS logo Listing provided courtesy of Alex Pirro of KASE Real Estate, Inc.: 714-423-8762. Listing information © 2024 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo 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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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