947 W Magnolia Street , Compton, CA 90220
Compton, CA 90220
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.
Details
| Mls | OC24186459 |
|---|---|
| Listing Type | For Sale |
| Style | Attachd |
| Subtype | Resale |
| Status | Active |
| Year | 2024 |
| Days On Site | 96 |
| Listing Provided By | KASE Real Estate, Inc. 949-200-9818 | Alex Pirro |
Features
| Sq Feet | 3,616 |
|---|---|
| Garage | 4 |
| Storys | 2 |
| Units | 3 |
| Buildings | 2 |
| Zoning | CORM* |
| Acreage | 0.17 |
| Property View | None |
Market Activity 90220
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Compton |
| Zip Code | 90220 |
| Area | RP Compton S of Rosecrans | E of Central | W of Ala |
| Listing VS Median (in 90220) | |
Price: $1,449,000 low | high Med: $599,999 SqFt: 3,616 low | high Med: 1,129 $ / SqFt: $401 low | high Med: $531 On Site: 96 low | high Med: 51.000000 | |
