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.
Property Details
- Lot DescriptionLandscaped, Level, SprinklerSystem, Walkstreet
- School DistrictCompton Unified
- Sewer InformationPublicSewer
- CountyLos Angeles
- Original List Price$1,500,000
- MLS #OC24162247
- MLS #OC24162247
- Property TypePurchase
- Elementary SchoolChapman
- High SchoolCompton
- Cost1449000
- Property SubtypeTriplex
- Structure TypeTriplex
- Acres0.1722
- Utility SourcePublic
- Middle SchoolDavis
- Square Feet3616
- Year Built2024
- Bedrooms10
- Bathrooms7
- Full Baths7
- Stories1
- Parking Spaces4
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Alex Pirro (#OCPIRROA)
Listing Office: KASE Real Estate, Inc. (#OC16700)
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