310 West Magnolia Street

Compton, CA 90220

$1,058,888
Price
8
Beds
6
Baths
2,834 Sq. Ft.
$374 / Sq. Ft.
2,834
Sq. Ft.
$374
per Sq. Ft.

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...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.
  1. Listed by Isaac Rosales • DRE #01389408 • Brokerage DRE #01526757 • Executive Bankers Realty • 310-754-0124

Property Details for 310 West Magnolia Street

Parking Spaces Total
0
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2834
Assessor Parcel Number
6157-017-025
Property Attached YN
true
LISTING UPDATED: 10/17/2024 06:51 AM

Property Details for 310 West Magnolia Street

StatusActive
MLS #RS24211655
Days on Market42
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1929
Lot Size0.17 AC / 7,197 SF
CountyLos Angeles County

Building Information for 310 West Magnolia Street

Stories1Residences-Year Built1929Building Size-Lot Size0.17 AC / 7,197 SF

Property Information for 310 West Magnolia Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Telephone
Income / Expense / Tax Details
Income Details
  • Gross Income: $1,500
  • Gross Scheduled Income: $99,216
  • Gross Spendable Income: $67,178
  • Vacancy Allowance: 2976
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $97,740
  • Net Operating Income: $67,178
  • Laundry Income: $125
  • Other Income Description: Proforma Laundry room
  • Gross Multiplier: 10.7
  • Cap Rate: 6.3
Expense Details
  • Operating Expense: $30,561
  • Operating Expense Percent: 31.30%
  • New Taxes Expense: $15,989
  • Licenses Expense: $693
  • Insurance Expense: $2,149
  • Maintenance Expense: $2,400
  • Professional Management Expense: $4,887
  • Other Expense: $64
  • Other Expense Description: Marketin
  • Trash Expense: $3,089
  • Water Sewer Expense: $1,290
  • Total Expenses: $30,561
Tax / Assessment Info
  • Tax Block: 1
  • Tax Tract Number: 5922
  • Tax Census Tract: 5426.02
  • CFD/Mello-Roos Fee: $1,094
  • Tax Lot: 29
Community / Development
Community / Development
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community, Individual Room
  • Fireplace Features: None
  • Fireplace Rooms: None
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,888
  • Unit Type Total Rent: $34,656
  • Unit Type Pro Forma: 34656
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,921
  • Unit Type Total Rent: $23,052
  • Unit Type Pro Forma: 23052
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,311
  • Unit Type Total Rent: $15,732
  • Unit Type Pro Forma: 23052
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,148
  • Unit Type Total Rent: $25,776
  • Unit Type Pro Forma: 34656
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 310 West Magnolia Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 310 West Magnolia Street

Taxable ValueLand$586,500Additions$367,200Total$953,700
Tax Record2024$16,578 ($1,381 / month)
Home Facts
Total Finished SqFt2,834 SqFtAbove Grade Finished SqFt2,834 SqFtLot Size7,197 SqFtStyleQuadraplexYear Built1929ZoningCOPRH*CountyLOS ANGELESAPN6157-017-025

Schools near 310 West Magnolia Street

This home is within Compton Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Dickison Elementary School
PublicK to 8

Davis Middle School
Public6 to 8

Compton High School
Public9 to 12

Compton Early College High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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310 West Magnolia Street is a multi-family home for sale in Compton, CA 90220. This property was listed for sale on October 12, 2024 by Executive Bankers Realty, it's currently listed at $1,058,888. It has been on the market for a total of 42 days and was last sold on January 24, 2024. This listing's school district is Compton Unified School District. Nearby schools include Dickison Elementary School, Davis Middle School and Compton High School. 310 West Magnolia Street is a 8-bed, 6-bath, 2,834 sqft multi-family home built in 1929.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Executive Bankers Realty, Isaac Rosales, DRE #01389408

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.