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947 Magnolia Street, Compton, CA 90220
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947 Magnolia Street
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  • MLS#: OC24186459 ( Triplex )
  • Street Address: 947 Magnolia Street
  • Viewed: 1
  • Price: $1,500,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2024
  • Bldg sqft: 0
  • Days On Market: 101
  • Additional Information
  • County: LOS ANGELES
  • City: Compton
  • Zipcode: 90220
  • Provided by: KASE Real Estate, Inc.
  • Contact: Alex Alex
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Assessments
  1. Unknown
Association Fee
  1. 0.00
Building Area Total
  1. 3616.00
Commoninterest
  1. None
Common Walls
  1. 2+ Common Walls
Cooling
  1. None
Country
  1. US
Days On Market
  1. 56
Electric Expense
  1. 2114.00
Entry Location
  1. Front Door
Fireplace Features
  1. None
Fuel Expense
  1. 0.00
Garage Spaces
  1. 4.00
Insurance Expense
  1. 2626.00
Laundry Features
  1. Inside
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. Landscaped
  2. Lot 6500-9999
  3. Level
  4. Sprinkler System
  5. Walkstreet
Netoperatingincome
  1. 147032.00
Parcel Number
  1. 6156017031
Pool Features
  1. None
Postalcodeplus4
  1. 1827
Property Type
  1. Triplex
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 422711199:CRM
Taxblock
  1. 16
Tenant Pays
  1. Gas
  2. Sewer
  3. Trash Collection
  4. Water
Totalexpenses
  1. 8968.00
Trash Expense
  1. 2114.00
View
  1. None
Water Sewer Expense
  1. 2114.00
Water Source
  1. Public
Year Built
  1. 2024
Year Built Source
  1. Builder
Zoning
  1. CORM*