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    329 W Magnolia Street , #1

    Compton, CA 90220
    • $2,450,000
    • STATUS: Active
    • ON SITE: 22 days
    • MLS #: SB21001745
    UPDATED: 33 min ago
    $2,450,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,132
      SQFT
    • $344
      $/SQFT
    Neighborhood:
    RP - Compton S of Rosecrans, E of Central,W of Ala
    Type:
    Multi-Family
    Built:
    1929
    County:
    Los Angeles
    Area:
    RP - Compton S of Rosecrans, E of Central,W of Ala

    School Ratings & Info

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    Description

    This 8-unit investment property in downtown Compton, Calif., has been fullyupdated with $625k in renovations; including a new fire suppression system,new drive way and fencing. Absolutely no deferred maintenance meansthis building is ready to lease to quality tenants at market value+GGnot a rentcontrol area or an opportunity zone. Approved Section 8 Housing.Located in up-and-coming area near lifestyle shopping, local dining spots,grocery stores, and just a few blocks from two large community parks./ comptoncity.org for full city info

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-27T23:27:52.853. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

    www.desertareahomesforsale.com/homes/113004248
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    329 W Magnolia Street , #1 Compton, CA 90220

    • Price: $2,450,000
    • Status: Active
    • Updated: 33 min ago
    • MLS #: SB21001745
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    7,132
    SQFT
    $344
    $/SQFT
    1929
    Built
    Neighborhood:
    RP - Compton S of Rosecrans, E of Central,W of Ala
    County:
    Los Angeles
    Area:
    RP - Compton S of Rosecrans, E of Central,W of Ala
    Property Description
    This 8-unit investment property in downtown Compton, Calif., has been fullyupdated with $625k in renovations; including a new fire suppression system,new drive way and fencing. Absolutely no deferred maintenance meansthis building is ready to lease to quality tenants at market value+GGnot a rentcontrol area or an opportunity zone. Approved Section 8 Housing.Located in up-and-coming area near lifestyle shopping, local dining spots,grocery stores, and just a few blocks from two large community parks./ comptoncity.org for full city info
    Exterior Features

    Garage Spaces 0.00 Lot Features 6-10 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features Controlled Entrance Parking Total 8.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No Uncovered Spaces 8.00

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Gas & Electric Dryer Hookup Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 6.00 Community Features Street Lights Country Us Electric Expense 1200.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 177600.00 Gross Scheduled Income 177600.00 Insurance Expense 4800.00 Land Lease YN No Laundry YN Yes Net Operating Income 146140.00 New Construction YN No New Taxes Expense 24500.00 Number Of Separate Electric Meters 9 Number Of Separate Gas Meters 9 Number Of Separate Water Meters 9 Operating Expense 31460.00 Other Expense 1200.00 Other Expense Description Gas/Misc Professional Management Expense 0.00 Property Condition Updated/Remodeled Rent Control YN No Security Features Automatic GateClosed Circuit Camera(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasWater Total Expenses 31460.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Corh*

    Listing provided courtesy of Bryan Dean of Vista Sotheby+Ógé¼gäós International Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-27T23:27:52.853. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

     
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