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947 W Magnolia ST Compton, CA 90220
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Key Details
Sold Price $1,400,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC24186459
Year Built 2024
Lot Size 7,501 Sqft
Property Sub-Type Triplex
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*
Interior
Cooling None
Fireplaces Type None
Laundry Inside
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Sidewalks, Urban
View Y/N No
View None
Building
Lot Description Landscaped, Level, Sprinkler System, Walkstreet
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash, Conventional, Contract, 1031 Exchange, Submit
Listing Terms Cash, Conventional, Contract, 1031 Exchange, Submit
Special Listing Condition Standard
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Bought with Brian Jung • BJ Realty