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Listed by Alex Pirro • Kase Real Estate
$1,449,000
Est. payment /mo
10 Beds
7 Baths
3,616 SqFt
Pending
947 West Magnolia Street Compton, CA 90220
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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 OC-24162247
Bedrooms 10
Full Baths 7
Year Built 2024
Lot Size 7,500 Sqft
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
Area Rp - Compton S Rosecrans, E Central, W Alameda
Zoning CORM*
Interior
Cooling None
Fireplaces Type None
Laundry Inside
Exterior
Garage Spaces 4.0
Pool None
Community Features Sidewalks, Urban
View Y/N No
View None
Building
Lot Description Sprinklers, Landscaped, Level, Lot 6500-9999, Sprinkler System, Walkstreet
Sewer Public Sewer
Schools
Elementary Schools Chapman
Middle Schools Davis
High Schools Compton