947 W Magnolia Street, CA

$1,500,000

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10

Beds

0.17

Acres

About 947 W Magnolia Street

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.

Features of 947 W Magnolia Street

MLS® # OC24186459
Price $1,500,000
Bedrooms 10
Bathrooms 0.00
Acres 0.17
Type Residential Income
Status ACTIVE

Community Information

Address 947 W Magnolia Street
Area COMPTON (90220)
County Los Angeles
State CA
Zip Code 90220

Amenities

Is Waterfront No
Has Pool No
Pool N/K

Interior

Cooling N/K
Fireplace No
# of Stories 2

Exterior

Lot Description Sidewalks

Additional Information

Date Listed August 6th, 2024
Days on Market 42
Zoning Builder
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeKASE Real Estate, Inc.

Listing Map

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