329 W Magnolia Street

  • Compton

  • $1,548,000

Residential Income Details

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.
MLS #318003190
Number of Units8
Sale TypeStandard
Listing BrokerageKeller Williams Realty
Listing AgentDanny Barriga
Listing Agent BRE #00820918
Garage Spaces0
AreaRO - Compton S of Rosecrans, E of Alameda
Address329 W Magnolia Street
CountyLos Angeles


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Based on information from California Regional Multiple Listing Service, Inc. as of Thursday, September 20, 2018. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.