Compton, CA 90220,947 W Magnolia Street
Compton, CA 90220,947 W Magnolia Street
Compton, CA 90220,947 W Magnolia Street
51
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Listed by Alex Pirro • KASE Real Estate, Inc.
$1,500,000
Est. payment /mo
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10 BD
7 BA
3,616 SqFt
Pending

947 W Magnolia Street Compton, CA 90220

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UPDATED:

10/18/2024 12:31 AM

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Pending

Purchase Type For Sale

Square Footage 3,616 sqft

Price per Sqft $414

MLS Listing ID CROC24162247

Bedrooms 10

Full Baths 7

HOA Y/N No

Originating Board Datashare California Regional

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 None

Fireplaces Type None

Fireplace No

Laundry Inside

Exterior

Garage Spaces 4.0

Pool None

View None

Parking Type Attached

Private Pool false

Building

Lot Description Level, Landscape Misc

Story 2

Water Public

Schools

School District Compton Unified


Bay East AOR and Contra Costa AOR

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Daniel Ripper

Broker Associate | License ID: 01382609

+1(415) 205-6312

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947 W Magnolia Street