947 W Magnolia ST Save Request In-Person Tour Request Virtual Tour
Compton,CA 90220
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID OC24162247
Bedrooms 10
Full Baths 7
HOA Y/N No
Year Built 2024
Lot Size 7,501 Sqft
Acres 0.1722
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 Of Rosecrans, E Of Central,W Of Ala
Zoning CORM*
Rooms
Main Level Bedrooms 8
Ensuite Laundry Inside
Interior
Laundry Location Inside
Cooling None
Fireplaces Type None
Fireplace No
Laundry Inside
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Sidewalks,Urban
View Y/N No
View None
Attached Garage Yes
Total Parking Spaces 4
Private Pool No
Building
Lot Description Landscaped,Level,Sprinkler System,Walkstreet
Dwelling Type Triplex
Story 1
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Schools
Elementary Schools Chapman
Middle Schools Davis
High Schools Compton
School District Compton Unified
Others
Senior Community No
Tax ID 6156017031
Acceptable Financing Cash,Conventional,Contract,1031 Exchange,Submit
Listing Terms Cash,Conventional,Contract,1031 Exchange,Submit
Special Listing Condition Standard