947 Magnolia Street, Compton, CA 90220

$1,500,000
10
BD
7
BA
3,616
SqFt
List Price
$1,500,000
MLS#
OC24162247
Status
ACTIVE
Type
Condo
Bedrooms
10
Bathrooms
7
Living Area
3,616

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/two-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.

Additional Information

Year Built
2024
View
N/K

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Courtesy of KASE Real Estate, Inc., Alex Pirro.