CA > Compton
Compton, CA 90220,947 W Magnolia ST
Compton, CA 90220,947 W Magnolia ST
Compton, CA 90220,947 W Magnolia ST
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,500,000
Est. payment /mo
10 Beds
7 Baths
3,616 SqFt
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UPDATED:

11/02/2024 04:43 PM

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,616 sqft

Price per Sqft $414

MLS Listing ID OC24162247

Bedrooms 10

Full Baths 7

HOA Y/N No

Year Built 2024

Lot Size 7,501 Sqft

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 Rp - Compton S Of Rosecrans, E Of Central, W Of Ala

Zoning CORM*

Rooms

Main Level Bedrooms 8

Interior

Cooling None

Fireplaces Type None

Fireplace No

Laundry Inside

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Sidewalks, Urban

View Y/N No

View None

Attached Garage Yes

Total Parking Spaces 4

Private Pool No

Building

Lot Description Landscaped, Level, Sprinkler System, Walkstreet

Dwelling Type Triplex

Story 1

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Schools

Elementary Schools Chapman

Middle Schools Davis

High Schools Compton

School District Compton Unified

Others

Senior Community No

Tax ID 6156017031

Acceptable Financing Cash, Conventional, Contract, 1031 Exchange, Submit

Listing Terms Cash, Conventional, Contract, 1031 Exchange, Submit

Special Listing Condition Standard

Read Less Info
California Regional MLS (CRMLS)
Listed by Alex Pirro • KASE Real Estate, Inc. • 714-423-8762

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