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947 W Magnolia ST Compton, CA 90220
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Key Details
Sold Price $1,400,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,616 sqft
Price per Sqft $387
MLS Listing ID OC24186459
Sold Date 05/13/25
HOA Y/N No
Year Built 2024
Lot Size 7,501 Sqft
Acres 0.1722
Property Sub-Type Triplex
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
Other Rooms Family Room, Laundry
Interior
Cooling None
Fireplaces Type None
Laundry Inside
Exterior
Garage Spaces 4.0
Pool None
Community Features Sidewalks, Urban
View None
Private Pool No
Building
Lot Description Landscaped, Lot 6500-9999, Level, Sprinkler System, Walkstreet
Story 1
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Special Listing Condition Standard
Lease Land No
Confidential INFO
TERMS 1031 Exchange,Cash,Contract,Conventional,Submit
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE Agent,See Remarks
SHOW CONTACT NAME Alex Pirro
SHOW CONTACT PH 714-423-8762
SHOW INSTRUCTIONS TEXT Alex Pirro 714-423-8762 for showing schedule. 24 hour notice required text agent to set up showing request along with name and DRE #. Wait for confirmation
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Bought with BJ Realty