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Listed by Isaac Rosales • Executive Bankers Realty
$1,058,888
Est. payment /mo
2,834 SqFt
Active
310 W Magnolia Street Compton, CA 90220
UPDATED:
10/18/2024 04:35 AM
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 CRRS24211655
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1929
Lot Size 7,197 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
Interior
Fireplace No
Laundry Community Facility, Laundry Room
Building
Water Public
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