947 W Magnolia Street
Compton, CA 90220
- 10 beds
- 7 baths
- 3,616 sqft
- 7,500 sqft lot
- $400 per sqft
- 2024 build
- – on site
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.
Listed By CRMLS_CA / Alex Pirro / KASE Real Estate, Inc. / 714-423-8762
Last checked:
Checking…
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Last updated Dec 9, 2024
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MLS# OC24162247 —
This property is listed in more than one place. See it here, and here, and here.
The Building
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Year Built:2024
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Year Built Source:Builder
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New Construction:No
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Total Number Of Units:3
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Structure Type:Triplex
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Stories Total:1
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Entry Level:1
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Common Walls:2+ Common Walls
Interior
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Levels:Two
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Entry Location:Front Door
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Room Type:Family Room, Laundry
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Living Area Units:Square Feet
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Living Area Source:Assessor
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Fireplace:No
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Fireplace:None
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Laundry:Inside
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Laundry:1
Room Dimensions
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Living Area:3616.00
Location
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Directions:N Kemp Ave W. Magnolia St.
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Latitude:33.89674700
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Longitude:-118.24180500
The Property
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Property Type:Residential
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Subtype:Triplex
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Zoning:CORM*
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Lot Features:Landscaped, Lot 6500-9999, Level, Sprinkler System, Walkstreet
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Lot Size Area:7500.0000
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Lot Size Acres:0.1722
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Lot Size SqFt:7500.00
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Lot Size Source:Builder
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View:None
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Sprinklers:Yes
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
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Lease Considered:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:5427.00
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Tax Tract:5627
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Tax Lot:29
Beds
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Total Bedrooms:10
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Main Level Bedrooms:8
Baths
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Total Baths:7
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Full & Three Quarter Baths:7
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Main Level Baths:5
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Full Baths:7
The Listing
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Special Listing Conditions:Standard
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Parcel Number:6156017031
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Showings Begin:2024-09-03
Heating & Cooling
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Cooling:No
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Cooling:None
Utilities
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Sewer:Public Sewer
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Water Source:Public
Schools
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Elementary:CHAPMA
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Elementary School:Chapman
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Middle School:Davis
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Middle School:DAVIS
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High School:Compton
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High School:COMPTO
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High School District:Compton Unified
The Community
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Features:Sidewalks, Urban
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
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Assessments:Yes
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Assessments:Unknown
Parking
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Parking Spaces:4.00
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Attached Garage:Yes
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Garage Spaces:4.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
11/22/24
Nov 22, 2024
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Price Changed | CRMLS_CA | $1,449,000 | -3.3% |
11/22/24
Nov 22, 2024
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Price Changed | CRMLS_CA | $1,499,000 | -0.1% |
11/2/24
Nov 2, 2024
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Listed / Active | CRMLS_CA | $1,500,000 |