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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 Type(s):
Residential Income
| Last Updated | 11/22/2024 | Year Built | 2024 |
|---|---|---|---|
| Community | Compton S of Rosecrans, E of Central,W of Ala | Garage Spaces | 4.0 |
| County | Los Angeles |
Price History
| Prior to Nov 22, '24 | $1,500,000 |
|---|---|
| Nov 22, '24 - Nov 22, '24 | $1,499,000 |
| Nov 22, '24 - Today | $1,449,000 |
Additional Details
| AIR | None |
|---|---|
| AREA | Compton S of Rosecrans, E of Central,W of Ala |
| GARAGE | Yes |
| HOA DUES | 0 |
| LOT | 7500 sq ft |
| LOT DESCRIPTION | Landscaped, Level, Sprinkler System, Walkstreet |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| VIEW DESCRIPTION | None |
| WATER | Public |
| ZONING | CORM* |
Location
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Listed with KASE Real Estate, Inc.
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