Compton, CA 90220,947 W Magnolia ST
See all 47 photos
Compton, CA 90220,947 W Magnolia ST
Compton, CA 90220,947 W Magnolia ST
Compton, CA 90220,947 W Magnolia ST
Compton, CA 90220,947 W Magnolia ST
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,500,000
Est. payment /mo
Save
Active Under Contract

947 W Magnolia ST Compton, CA 90220

10 Beds

7 Baths

7,501 Sqft Lot


UPDATED:

10/17/2024 04:52 PM

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID OC24162247

Bedrooms 10

Full Baths 7

HOA Y/N No

Year Built 2024

Lot Size 7,501 Sqft

Acres 0.1722

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

Area Rp - Compton S Of Rosecrans, E Of Central, W Of Ala

Zoning CORM*

Rooms

Main Level Bedrooms 8

Ensuite Laundry Inside

Interior

Laundry Location Inside

Cooling None

Fireplaces Type None

Fireplace No

Laundry Inside

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Sidewalks, Urban

View Y/N No

View None

Attached Garage Yes

Total Parking Spaces 4

Private Pool No

Building

Lot Description Landscaped, Level, Sprinkler System, Walkstreet

Dwelling Type Triplex

Story 1

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Schools

Elementary Schools Chapman

Middle Schools Davis

High Schools Compton

School District Compton Unified

Others

Senior Community No

Tax ID 6156017031

Acceptable Financing Cash, Conventional, Contract, 1031 Exchange, Submit

Listing Terms Cash, Conventional, Contract, 1031 Exchange, Submit

Special Listing Condition Standard


California Regional MLS (CRMLS)
Listed by Alex Pirro • KASE Real Estate, Inc. • 714-423-8762

Chuck Lamm

Broker Associate | License ID: 00857151

+1(818) 652-2876

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.

Go tour this home

947 W Magnolia ST