329 W Magnolia Street

  • Compton

  • $1,647,000
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Residential Income Details

Description
Atlantic Realty at KW Commercial Pasadena is proud to present an 8 unit apartment building located in the heart of Compton with a 5.48% cap rate!! 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 in a non-rent control area.
Essential
MLS #318003190
Price$1,647,000
Number of Units8
Sale TypeStandard
StatusActive
Listing BrokerageKeller Williams Realty
Listing AgentDanny Barriga
Listing Agent BRE #00820918
Interior
FloorCarpet
Exterior
Garage Spaces0
Community
AreaRO - Compton S of Rosecrans, E of Alameda
Address329 W Magnolia Street
CityCompton
CountyLos Angeles
StateCA
ZipCode90220
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Wednesday, August 8, 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.