329 Magnolia Street, Compton, CA 90220
  • MLS#: 25629895 ( )
  • Street Address: 329 Magnolia Street
  • Viewed: 7
  • Price: $1,650,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1929
  • Bldg sqft: 0
  • Days On Market: 3
  • Additional Information
  • County: LOS ANGELES
  • City: Compton
  • Zipcode: 90220
  • Provided by: Marcus & Millichap
  • Contact: Sean Sean
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We are pleased to offer for sale an 8 unit apartment community located at 329 W Magnolia Street. The property is situated west of Alameda Street and south of Rosecrans Avenue.Located in Downtown Compton, the asset sits in close proximity to the Compton Courthouse and Compton Airport, providing convenient access to a wide range of employment opportunities. Additionally, 329 W Magnolia Street is near various local retail and dining options, making it a desirable location for tenants.Situated on a 7,132 square foot parcel, the property consists of four one bedroom units and four two bedroom units. It offers on site parking for every unit, along with additional space that may allow for potential ADU development (buyer to verify). 329 W Magnolia Street offers investors the opportunity to acquire an asset in a sought after working class market of Compton. The continued revitalization of the surrounding area, combined with the property's value add potential through interior renovations, positions this asset as an excellent acquisition opportunity. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS.
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Features
Building Area Total
  1. 7132.00
Country
  1. US
Levels
  1. Two
Netoperatingincome
  1. 110537.00
Parcel Number
  1. 6157017036
Parking Features
  1. Uncovered
Sourcesystemkey
  1. 25629895:CLAW
Totalexpenses
  1. 69883.00
Year Built
  1. 1929
Zoning
  1. CORH*