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329 W Magnolia St
Compton, CA 90220
Magnolia Apartments · Multifamily Property For Sale
·
8 Units
Investment Highlights
- $155,000 PRICE REDUCTION - SELLER MOTIVATED - 5.33% CAP ON CURRENT INCOME
- The property consists of (4) 1 bed/1 bath and (4) 2 bed/1 bath units.
- Located just a few blocks from MLK Memorial Mall which includes the Compton Courthouse, Post Office, City Hall, Public Library and Sheriff's Station.
- 4 units currently have Section 8 tenants with the opportunity to continue to fill the remaining (3) vacant units with Section 8 tenants at market rent
- Recent improvements include new fire safety system, new windows, new unit interior and hallway flooring, new kitchen cabinets and fixtures, recent int
- Located in 0.3 miles from the Compton Blue Line Station which takes commuters to Downtown LA to the north and Long Beach to the south.
Property Facts
| No. Units | 8 | Lot Size | 0.21 AC |
| Property Type | Multifamily | Building Size | 7,132 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1929 |
| Building Class | C | ||
| Zoning | RH, Compton | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 7,132 SF |
| No. Stories | 2 |
| Year Built | 1929 |
| Zoning | RH, Compton |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 4 | - | - |
Property Taxes
| Parcel Number | 6157-017-036 | Improvements Assessment | $1,190,674 |
| Land Assessment | $568,276 | Total Assessment | $1,758,950 |
Property Taxes
Parcel Number
6157-017-036
Land Assessment
$568,276
Improvements Assessment
$1,190,674
Total Assessment
$1,758,950
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