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338 W Magnolia Street

Compton, CA 90220
  • $825,000
  • STATUS: Active
  • ON SITE: 5 Days
  • ID#: SB22005977
New On Site 5 Days Ago
UPDATED: 11 min ago
$825,000
  • 4
    BEDS
  • 0.17
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,360
    SQFT
  • $350
    $/SQFT

School Ratings & Info

School District:
Listing Agent(s): Cameron Samimi of Lyon Stahl Investment Real Estate, Inc. (310-425-9838)


Description

338 W Magnolia St is a 4-Unit asset located in the heart of Compton. One unitwill be delivered tenant ready, beneficial to the new owner! This value-add asset iscomprised of (4) 1-bedroom/1-bath units, currently operating at a 4.42% CAP.The building has 2,360 Sq.Ft of living space and the units feature hardwoodfloors, new interior paint, spacious layouts, and an open outdoor area. Thereis laundry on-site, as well as 4 garage parking spots, plus one bonus outdoorspot. Still plenty of room to grow the monthly rental income, with an 6.69%Market CAP.338 W Magnolia St in Compton sits on an oversized 7,203 SqFt Lot. Thisvalue-add asset has over 26% in monthly rental income, once units are rentedfor market! This is an ideal investment for any owner/user or investor lookingfor massive upside.The subject property is within walking distance of the Compton Library andMartin Luther King Jr Memorial Park. Just a few miles away from $6 Billionworth of development in Long Beach, including The Uptown Commons, andplenty of new housing projects. Metro's "A-Line," running from Downtown LongBeach to Downtown Los Angeles, also has a Compton station within a mile of338 W Magnolia Street.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-17T22:24:48.997. 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 Zember Realty Group. Licensed in the State of California, USA.
www.zemberrealtygroup.com/homes/124653799
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338 W Magnolia Street Compton, CA 90220

  • Price: $825,000
  • Status: Active
  • On Site: 5 Days
  • Updated: 11 min ago
  • ID#: SB22005977
4
Beds
4
Baths
0
½ Baths
0.17
Acres
2,360
SQFT
$350
$/SQFT
1939
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
School District:
Compton Unified
Property Description
338 W Magnolia St is a 4-Unit asset located in the heart of Compton. One unitwill be delivered tenant ready, beneficial to the new owner! This value-add asset iscomprised of (4) 1-bedroom/1-bath units, currently operating at a 4.42% CAP.The building has 2,360 Sq.Ft of living space and the units feature hardwoodfloors, new interior paint, spacious layouts, and an open outdoor area. Thereis laundry on-site, as well as 4 garage parking spots, plus one bonus outdoorspot. Still plenty of room to grow the monthly rental income, with an 6.69%Market CAP.338 W Magnolia St in Compton sits on an oversized 7,203 SqFt Lot. Thisvalue-add asset has over 26% in monthly rental income, once units are rentedfor market! This is an ideal investment for any owner/user or investor lookingfor massive upside.The subject property is within walking distance of the Compton Library andMartin Luther King Jr Memorial Park. Just a few miles away from $6 Billionworth of development in Long Beach, including The Uptown Commons, andplenty of new housing projects. Metro's "A-Line," running from Downtown LongBeach to Downtown Los Angeles, also has a Compton station within a mile of338 W Magnolia Street.
Exterior Features

Attached Garage YN 0 Lot Features 0-1 Unit/Acre Parking Total 2 Pool Features None Pool Private YN No Property Attached YN Yes View None View YN No

Interior Features

Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Interior Features All Bedrooms Down Main Level Bathrooms 4 Main Level Bedrooms 4

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features CurbsUrban Garage YN Yes Land Lease YN No Laundry Features None Lease Considered YN No Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional New Construction YN No Property Sub Type Quadruplex Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Structure Type Quadruplex Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-17T22:24:48.997. 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 Zember Realty Group. Licensed in the State of California, USA.
 
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Zember Realty Group
1125 Linda Vista Dr.
San Marcos CA, 92078
Listing Agent(s): Cameron Samimi of Lyon Stahl Investment Real Estate, Inc. (310-425-9838)