947 W Magnolia Street
Compton, CA 90220
$51,000.00 (-3.4%)
Active for $1,449,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 7,500 sqft
| MLS | OC24186459 |
| Year Built | 2024 |
| Property Type | Triplex |
| County | Los Angeles |
| Status | Active |
| Active | $1,449,000 |
| Structure Size | N/A sqft |
| Lot Size | 7,500 sqft |
| Beds | N/A |
| Baths | N/A |
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.
Listing information courtesy of: Alex Pirro, KASE Real Estate, Inc. 714-423-8762. *Based on information from the Association of REALTORS/Multiple Listing as of 11/22/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Sipan Movsesyan
REALTOR®
Direct: 818.696.3110
Email: Email Me
DRE: 02155003
DRE #01873088
.png){kind=small}