947 West Magnolia Street

Compton, CA 90220

$1,449,000
Price
10
Beds
3,616 Sq. Ft.
$401 / Sq. Ft.
3,616
Sq. Ft.
$401
per Sq. Ft.

Description

947 w. Magnolia St presents an exceptional investment opportunity to acquire a 3-unit building in Compton, California, known as the "Hub City" for its central location within Los Angeles County and convenient access to major freeways. Situated adjacent to the Alameda Corridor, which handles 25% of all U. S. waterborne international trade, Compton is rapidly transforming into a key industrial hub for transit, distribution, business services, high-tech industries, and more. This property includes a...947 w. Magnolia St presents an exceptional investment opportunity to acquire a 3-unit building in Compton, California, known as the "Hub City" for its central location within Los Angeles County and convenient access to major freeways. Situated adjacent to the Alameda Corridor, which handles 25% of all U. S. waterborne international trade, Compton is rapidly transforming into a key industrial hub for transit, distribution, business services, high-tech industries, and more. This property includes a diverse unit mix: (2) four-bedroom/three-bathroom units and (1) two-bedroom/one-bathroom unit. Additional features include spacious floorplans, 2 two car garages, and laundry in each unit. With strong potential for rent increases, this asset provides the opportunity to enhance cash flow and further boost the already impressive cash-on-cash return.
  1. Listed by Alex Pirro • DRE #01773134 • Brokerage DRE #02096423 • KASE Real Estate, Inc. • 714-423-8762

Property Details for 947 West Magnolia Street

View
None
Parking Spaces Total
4
Private Pool
No
Cooling Type
N/K
Total Units
3.0
Building Type
Attached
Lot Size Source
Builder
Living Area
3616
LISTING UPDATED: 12/04/2024 04:16 AM

Property Details for 947 West Magnolia Street

StatusActive
MLS #OC24162247
Days on Market169
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeTownhouse
MLS TypeResidential
Year Built2024
Lot Size0.17 AC / 7,500 SF
CountyLos Angeles County

Building Information for 947 West Magnolia Street

Stories1Residences-Year Built2024Building Size-Lot Size0.17 AC / 7,500 SF

Property Information for 947 West Magnolia Street

Rental Info
Rental Info
  • Lease Term: Negotiable
  • Tenant Pays: Gas, Sewer, Trash Collection, Water
Income / Expense / Tax Details
Income Details
  • Gross Income: $156,000
  • Gross Scheduled Income: $156,000
  • Net Operating Income: $147,032
  • Number Of Rented Garages: 4
Expense Details
  • Operating Expense: $8,968
  • Fuel Expense: $0
  • Electric Expense: $2,114
  • Insurance Expense: $2,626
  • Trash Expense: $2,114
  • Water Sewer Expense: $2,114
  • Total Expenses: $8,968
Tax / Assessment Info
  • Tax Block: 16
  • Tax Tract Number: 5627
  • Tax Census Tract: 5427.00
  • CFD/Mello-Roos Fee: $1,152
  • Tax Lot: 29
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks, Urban
Property / Structure Info
Interior Features
  • Room Type: Family Room, Laundry
  • Main Level Bathrooms: 5
  • Main Level Bedrooms: 8
  • Laundry: Yes
  • Laundry Features: Inside
  • Laundry Location: Inside
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Fireplace: N/K
  • Cooling: None
Exterior Features
  • Entry Location: Front Door
  • Structure Type: Triplex
  • Miscellaneous: Urban
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Landscaped, Lot 6500-9999, Level, Sprinkler System, Walkstreet
  • Lease Considered: No
  • Number Of Units: 3
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Sprinklers: Yes
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Sewer/Septic: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Attached Garage: Yes
Property / Structure Info
  • Residential Styles: All Other Attached
  • Residential Unit Location: 2+ common walls
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $6,400
  • Unit Type Pro Forma: 6400
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $6,400
  • Unit Type Pro Forma: 6400
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $3,200
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3

Property History for 947 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 947 West Magnolia Street

Taxable ValueLand$403,675Additions$100,918Total$504,593
Tax Record2024$9,357 ($780 / month)
Home Facts
Beds2Total Finished SqFt985 SqFtAbove Grade Finished SqFt985 SqFtStories1Lot Size7,498 SqFtStyleSingle Family ResidenceYear Built1926ZoningCORM*CountyLOS ANGELESAPN6156-017-031

Schools near 947 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
Tibby 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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

947 West Magnolia Street is a townhouse for sale in Compton, CA 90220. This property was listed for sale on August 6, 2024 by KASE Real Estate, Inc., it's currently listed at $1,449,000. It has been on the market for a total of 169 days and was last sold on September 9, 2021. This listing's school district is Compton Unified School District. Nearby schools include Tibby Elementary School, Davis Middle School and Compton High School. 947 West Magnolia Street is a 10-bed, 7-bath, 3,616 sqft townhouse built in 2024.

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 KASE Real Estate, Inc., Alex Pirro, DRE #01773134

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.