310 W Magnolia ST Compton, CA 90220
UPDATED:
10/17/2024 08:51 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,834 sqft
Price per Sqft $373
MLS Listing ID RS24211655
HOA Y/N No
Year Built 1929
Lot Size 7,196 Sqft
Acres 0.1652
Property Description
* Gross income of $101,616 annually and 6.3% Cap rate is top market revenue producer at offering price renders ideal levered and unlevered returns
* Desirable Unit Mix: Two three-bedroom, two-bathroom units and two one-bedroom, one-bathroom units.
* Prime Location: Conveniently situated near schools, shopping centers, and major transportation routes, ensuring strong tenant demand.
* Growth Potential: Compton's growing population and rising rental rates make this property an excellent long-term investment. Investment Highlights:
* Stable Cash Flow: The property's established rental history and consistent income provide a reliable return on investment.
* Value-Add Potential: Explore opportunities to enhance the property's value through renovations or additional amenities.
* Strong Market Demand: The growing demand for rental housing in Compton makes this property a desirable asset.
Location
State CA
County Los Angeles
Area Rn - Compton N Of Rosecrans, E Of Central
Zoning COPRH*
Rooms
Ensuite Laundry Common Area, Laundry Room
Interior
Laundry Location Common Area,Laundry Room
Fireplaces Type None
Fireplace No
Laundry Common Area, Laundry Room
Exterior
Pool None
Community Features Suburban
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6157017025
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, Fannie Mae
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA, Fannie Mae
Special Listing Condition Standard
