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$1,449,000
Est. payment /mo
10 Beds
7 Baths
3,616 SqFt
UPDATED:
12/04/2024 07:26 PM
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,616 sqft
Price per Sqft $400
MLS Listing ID CROC24162247
Bedrooms 10
Full Baths 7
Originating Board California Regional MLS
Year Built 2024
Lot Size 7,500 Sqft
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*
Rooms
Family Room Other
Interior
Cooling None
Fireplaces Type None
Laundry Other
Exterior
Garage Spaces 4.0
Pool None
View None
Building
Lot Description Grade - Level
Water District - Public
Others
Tax ID 6156017031
Special Listing Condition Not Applicable
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Listed by Alex Pirro • KASE Real Estate, Inc.