310 W Magnolia ST new Save Request In-Person Tour Request Virtual Tour
Compton,CA 90220
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,834 sqft
Price per Sqft $373
MLS Listing ID RS24211655
Year Built 1929
Lot Size 7,196 Sqft
Property Description
Investment Opportunity: Introducing this Prime Multi-Family income property that's been well-maintained. This property presents a compelling investment opportunity in the densely populated, and thriving Compton rental market
* Gross income of $101,616 annually and 6.3% Cap rate is top market revenue producer at offering price renders ideal levered and unlevered returns
* Desirable Unit Mix: Two three-bedroom, two-bathroom units and two one-bedroom, one-bathroom units.
* Prime Location: Conveniently situated near schools, shopping centers, and major transportation routes, ensuring strong tenant demand.
* Growth Potential: Compton's growing population and rising rental rates make this property an excellent long-term investment. Investment Highlights:
* Stable Cash Flow: The property's established rental history and consistent income provide a reliable return on investment.
* Value-Add Potential: Explore opportunities to enhance the property's value through renovations or additional amenities.
* Strong Market Demand: The growing demand for rental housing in Compton makes this property a desirable asset.
Location
State CA
County Los Angeles
Area Rn - Compton N Of Rosecrans, E Of Central
Zoning COPRH*
Rooms
Ensuite Laundry Common Area,Laundry Room
Interior
Laundry Location Common Area,Laundry Room
Fireplaces Type None
Laundry Common Area,Laundry Room
Exterior
Pool None
Community Features Suburban
Building
Lot Description 2-5 Units/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Cash to New Loan,Conventional,1031 Exchange,FHA,Fannie Mae
Listing Terms Cash,Cash to New Loan,Conventional,1031 Exchange,FHA,Fannie Mae
Special Listing Condition Standard