There are multiple listings for this address:
$1,449,000
947 W Magnolia Street
Compton, CA, 90220
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.
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
Price:
$1,449,000
MLS #:
OC24162247
Status:
Active
Beds:
10
Baths:
7
Address:
947 W Magnolia Street
Type:
Single Family
Subtype:
Triplex
Neighborhood:
rpcomptonsofrosecranseofcentralwofala
City:
Compton
Listed Date:
Aug 6, 2024
State:
CA
Finished Sq Ft:
3,616
ZIP:
90220
Lot Size:
7,500 sqft / 0.17 acres (approx)
Year Built:
2024
Schools
Elementary School:
Chapman
Middle School:
Davis
High School:
Compton
Interior
Cooling
None
Fireplace Features
None
Exterior
Community Features
Sidewalks, Urban
Garage Spaces
4.00
Lot Features
Landscaped, Lot 6500-9999, Level, Sprinkler System, Walkstreet
Parking Spots
4.00
Pool Features
None
Sewer
Public Sewer
Stories Total
1
View
None
Water Source
Public
Financial
Association Fee
0.00
Need more info?
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Courtesy of KASE Real Estate, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Mohr Real Estate Group include the name of the listing broker. Neither the listing company nor Mohr Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved. 947 W Magnolia Street
Compton, CA
$1,449,000
947 W Magnolia Street
Compton, CA, 90220
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.
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
Price:
$1,449,000
MLS #:
OC24186459
Status:
Active
Baths:
0
Address:
947 W Magnolia Street
Type:
Residential Income
Subtype:
Triplex
Neighborhood:
rpcomptonsofrosecranseofcentralwofala
City:
Compton
Listed Date:
Aug 6, 2024
State:
CA
ZIP:
90220
Lot Size:
7,500 sqft / 0.17 acres (approx)
Year Built:
2024
Schools
Elementary School:
Chapman
Middle School:
Davis
High School:
Compton
Interior
Cooling
None
Fireplace Features
None
Exterior
Community Features
Sidewalks, Urban
Garage Spaces
4.00
Lot Features
Landscaped, Lot 6500-9999, Level, Sprinkler System, Walkstreet
Parking Spots
4.00
Pool Features
None
Sewer
Public Sewer
Stories Total
1
View
None
Water Source
Public
Financial
Association Fee
0.00
Need more info?
If you have any questions about this property, we at the Mohr Group would be happy to answer them. Click the button below and send us a message.
Ask a QuestionReady to go see it?
Schedule a ShowingMortgage Calculator
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