329 W Magnolia Street

    Compton, CA 90220
    • $1,548,000
    • STATUS: Active
    • ON SITE: 197 days
    • ID#: 318003190
    UPDATED: 195 min ago
    $1,548,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,132
      SQFT
    • $217
      $/SQFT
    Type:
    Multi-Family
    Built:
    1929
    County:

    School Ratings & Info

    Description

    PRICE REDUCTION! Non-rent control - 8 unit apartment building located in the heart of Compton with a 6.23% cap rate!! Monthly income is $11,755. The subject property is a 7,132 square-foot, two-story apartment building situated on an 8,988 square-foot lot. This charming apartment building offers an attractive mix of spacious (4) two-bedroom units and (4) one-bedroom units in a non-rent control area. 6 out of the 8 units have been updated with new flooring, new cabinets, granite counter tops, newly updated bathrooms with vanities and tiling, and updated plumbing. The exterior of the apartment building has new paint, windows and doors. Property has gated parking for 8 cars. Compton is one of L.A.'s hot new markets as it's desirability is apparent to renters and developers alike due to a centralized location; Downtown Compton adjacent near amenities such as City Hall, The Compton Library, Compton Blue Line Station, Compton Towne Shopping and convenient to freeways and schools. This is an opportunity to own an apartment building in the heart of Compton.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-22T01:01:56.25. 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. Licensed in the State of California, USA.
    www.bestlahomefinder.com/homes/86396668

    329 W Magnolia Street Compton, CA 90220

    • Price: $1,548,000
    • Status: Active
    • Updated: 195 min ago
    • ID#: 318003190
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    7,132
    SQFT
    $217
    $/SQFT
    1929
    Built
    Neighborhood:
    RO - Compton S of Rosecrans, E of Alameda
    County:
    Los Angeles
    Area:
    RO - Compton S of Rosecrans, E of Alameda
    Property Description
    PRICE REDUCTION! Non-rent control - 8 unit apartment building located in the heart of Compton with a 6.23% cap rate!! Monthly income is $11,755. The subject property is a 7,132 square-foot, two-story apartment building situated on an 8,988 square-foot lot. This charming apartment building offers an attractive mix of spacious (4) two-bedroom units and (4) one-bedroom units in a non-rent control area. 6 out of the 8 units have been updated with new flooring, new cabinets, granite counter tops, newly updated bathrooms with vanities and tiling, and updated plumbing. The exterior of the apartment building has new paint, windows and doors. Property has gated parking for 8 cars. Compton is one of L.A.'s hot new markets as it's desirability is apparent to renters and developers alike due to a centralized location; Downtown Compton adjacent near amenities such as City Hall, The Compton Library, Compton Blue Line Station, Compton Towne Shopping and convenient to freeways and schools. This is an opportunity to own an apartment building in the heart of Compton.
    Exterior Features

    Carport Spaces 0.00 Garage Spaces 0.00 Lot Features Paved Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Private YN No Spa YN No View YN No

    Interior Features

    Average Studio Area 0 Average1 Bed Area 0 Average2 Bed Area 0 Average3 Bed Area 0 Fireplace YN No Flooring Carpet Levels Two

    Property Features

    Association YN No Cable Tv Expense 0.00 Cap Rate 6.23 Country Us Electric Expense 0.00 Fuel Expense 0.00 Furniture Replacement Expense 0.00 Garage Income 0.00 Gross Equity 0 Gross Income 11755.00 Gross Multiplier 0.00 Gross Operating Income 0.00 Gross Scheduled Income 0.00 Gross Spendable Income 0.00 Improvements Amount 0 Improvements Percent 0.00 Insurance Expense 0.00 Land Lease Amount 0.00 Land Value 0 Land Value Percent 0.00 Laundry Income 0.00 Licenses Expense 0.00 Maintenance Expense 0.00 Maintenance Percent 0.00 Net Operating Income 0.00 Number Of Separate Electric Meters 9 Number Of Separate Gas Meters 9 Number Of Separate Water Meters 1 Number Of Units Leased 0 Number Wall AC 0 Number With Carpet 0 Number With Dishwasher 0 Number With Disposal 0 Number With Drapes 0 Number With Patio 0 Number With Range 0 Number With Refrigerator 0 Operating Expense 0.00 Operating Expense Percent 0.00 Other Expense 0.00 Other Income1 0.00 Other Income2 0.00 Personal Property Amount 0 Personal Property Percent 0.00 Pest Control Expense 0.00 Pool Expense 0.00 Professional Management Expense 0.00 Property Condition Updated/Remodeled Security Expense 0.00 Sold Cap Rate 0.00 Special Listing Conditions Standard Supplies Expense 0.00 Tax Rate 0.00 Taxes Percent 0.00 Total Actual Rent 0.00 Total Expenses 0.00 Trash Expense 0.00 Vacancy Allowance 0 Vacancy Allowance Rate 0.00 Walk Score 0 Water Sewer Expense 0.00 Workmans Compensation Expense 0.00 Zoning Corh*

    Listing provided courtesy of Danny Barriga of Keller Williams Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-22T01:01:56.25. 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. Licensed in the State of California, USA.
     
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