947 W Magnolia Street Pending Save Request In-Person Tour Request Virtual Tour
Compton,CA 90220
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Pending
Purchase Type For Sale
Square Footage 3,616 sqft
Price per Sqft $414
MLS Listing ID CROC24186459
Year Built 2024
Lot Size 7,500 Sqft
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
Interior
Cooling No Air Conditioning
Laundry Inside
Exterior
View None
Building
Lot Description Level,Other,Landscape Misc
Water Public