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947 Magnolia Street
Compton, CA 90220
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.
PROPERTY INFORMATION
| MLS # | OC24186459 | Lot Size | 7,500 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Triplex |
| Price | $ 1,500,000
Price Per SqFt: $ 415 |
DOM | 240 Days |
| Address | 947 Magnolia Street | Type | Residential Income |
| City | Compton | Sq.Ft. | 3,616 Sq. Ft. |
| Postal Code | 90220 | Garage | 4 |
| County | Los Angeles | Year Built | 2024 |
| Bed / Bath | 10 / 0 | Parking | 4 |
| Built In | 2024 | Status | Active |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Inside |
| Has Fireplace | No |
| Fireplace Information | None |
| Room Information | Family Room, Laundry |
| Has Cooling | No |
| Cooling Information | None |
| EntryLocation | Front Door |
| Entry Level | 1 |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,600
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 11/02/2024 | Relisted | $1,500,000 |
| 10/17/2024 | Active Under Contract | $1,500,000 |
| 09/09/2024 | Listed | $1,500,000 |
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Listing provided courtesy of Alex Pirro, KASE Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
