Bought with Brian Jung • BJ Realty
$1,400,000
$1,449,000
3.4%For more information regarding the value of a property, please contact us for a free consultation.
10 Beds
7 Baths
3,616 SqFt
SOLD DATE : 05/13/2025
Key Details
Sold Price $1,400,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,616 sqft
Price per Sqft $387
MLS Listing ID CROC24162247
Sold Date 05/13/25
Bedrooms 10
Full Baths 7
HOA Y/N No
Originating Board Datashare California Regional
Year Built 2024
Lot Size 7,500 Sqft
Property Sub-Type Detached
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
Interior
Cooling None
Fireplaces Type None
Fireplace No
Laundry Inside
Exterior
Garage Spaces 4.0
Pool None
View None
Private Pool false
Building
Lot Description Level, Landscape Misc
Story 2
Water Public
Schools
School District Compton Unified
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