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400 W Magnolia ST Compton, CA 90220
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Key Details
Sold Price $860,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,640 sqft
Price per Sqft $236
MLS Listing ID SB21175382
Sold Date 09/23/21
HOA Y/N No
Year Built 1958
Lot Size 6,738 Sqft
Acres 0.1547
Property Description
This 4 unit property is located on a large 6,740 sqft corner lot at the intersection of N Oleander and W Magnolia in Compton, CA. It is surrounded by great shopping and dining locations on W Compton Blvd and is within walking distance of the Compton Library and Martin Luther King Jr Memorial Park. The property boasts a great unit mix consisting of (2) 3BD/2BA and (2) 2BA/1BA units that. This property is being offered at a CAP rate of 5.1% and a GRM of 12.67 with over 20% upside to market rents.
Location
State CA
County Los Angeles
Area Rp - Compton S Of Rosecrans, E Of Central, W Of Ala
Rooms
Ensuite Laundry Laundry Room
Interior
Laundry Location Laundry Room
Fireplace No
Laundry Laundry Room
Exterior
Garage Covered, Door-Multi, Garage
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Biking, Curbs, Dog Park, Gutter(s), Park, Storm Drain(s), Street Lights, Sidewalks, Urban
Parking Type Covered, Door-Multi, Garage
Total Parking Spaces 3
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6157022014
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Derek Branch • Alden Pacific Investments, Inc.
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