947 W Magnolia Street
Compton, CA 90220
0.17 acres | #OC24186459
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
- Stories1
Measurements
- Acres0.1722
Parking
- Parking Spaces4
Construction Details
- Property TypeMulti-Family
Condition
- Year Built2024
Utilities / Energy Details
- Sewer InformationPublicSewer
- Utility SourcePublic
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$1,500,000
Other
- MLS #OC24186459
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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