947 W Magnolia Street
Compton, CA 90220
3616 sqft | 10 beds | 7 baths | 0.17 acres | #OC24162247
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.
Interior Details
- Bedrooms10
- Bathrooms7
- Full Baths7
Property Details
- Lot DescriptionLandscaped, Level, SprinklerSystem, Walkstreet
- Stories1
Measurements
- Acres0.1722
- Square Feet3616
Parking
- Parking Spaces4
Construction Details
- Property TypePurchase
Condition
- Year Built2024
Utilities / Energy Details
- Sewer InformationPublicSewer
- Utility SourcePublic
Community and Neighborhood Details
- School DistrictCompton Unified
- CountyLos Angeles
- Elementary SchoolChapman
- High SchoolCompton
- Middle SchoolDavis
Financial Details
- Original List Price$1,500,000
Other
- MLS #OC24162247
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Alex Pirro (#OCPIRROA)
Listing Office: KASE Real Estate, Inc. (#OC16700)
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