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$ 1,449,000
Est. payment /mo
Pending
947 W Magnolia Street Compton, CA 90220
10 Beds
3,616 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Pending
Purchase Type For Sale
Square Footage 3,616 sqft
Price per Sqft $400
MLS Listing ID CROC24186459
Bedrooms 10
HOA Y/N No
Year Built 2024
Lot Size 7,500 Sqft
Acres 0.17
Property Sub-Type Triplex
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
Zoning CORM
Interior
Cooling No Air Conditioning
Fireplace No
Laundry Inside
Exterior
View Y/N false
View None
Total Parking Spaces 4
Building
Lot Description Level, Other, Landscape Misc
New Construction No
Others
Tax ID 6156017031

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Listed by Alex Pirro • Kase Real Estate