Listing by: Alex Pirro, KASE Real Estate, Inc., 714-423-8762
10 Beds
7 Baths
3,616 SqFt
Active
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.
Property Details | ||
---|---|---|
Price | $1,449,000 | |
Bedrooms | 10 | |
Full Baths | 7 | |
Total Baths | 7 | |
Lot Size Area | 7500 | |
Lot Size Area Units | Square Feet | |
Acres | 0.1722 | |
Property Type | Residential | |
Sub type | Triplex | |
MLS Sub type | Triplex | |
Stories | 1 | |
Exterior Features | Sidewalks,Urban | |
Year Built | 2024 | |
View | None | |
Lot Description | Landscaped,Lot 6500-9999,Level,Sprinkler System,Walkstreet | |
Laundry Features | Inside | |
Pool features | None | |
Parking Spaces | 4 | |
Garage spaces | 4 | |
Association Fee | 0 | |
Geographic Data | ||
Directions | N Kemp Ave W. Magnolia St. | |
County | Los Angeles | |
Latitude | 33.896747 | |
Longitude | -118.241805 | |
Market Area | RP - Compton S of Rosecrans, E of Central,W of Ala | |
Address Information | ||
Address | 947 W Magnolia Street, Compton, CA 90220 | |
Postal Code | 90220 | |
City | Compton | |
State | CA | |
Country | United States | |
Listing Information | ||
Listing Office | KASE Real Estate, Inc. | |
Listing Agent | Alex Pirro | |
Listing Agent Phone | 714-423-8762 | |
Attribution Contact | 714-423-8762 | |
Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
Special listing conditions | Standard | |
Ownership | None | |
School Information | ||
District | Compton Unified | |
Elementary School | Chapman | |
Middle School | Davis | |
High School | Compton | |
MLS Information | ||
Days on market | 80 | |
MLS Status | Active | |
Listing Date | Sep 3, 2024 | |
Listing Last Modified | Nov 22, 2024 | |
Tax ID | 6156017031 | |
MLS Area | RP - Compton S of Rosecrans, E of Central,W of Ala | |
MLS # | OC24162247 |
This information is believed to be accurate, but without any warranty.