Log In/Sign Up
Your email has been sent.
338 W Magnolia St 4 Unit Apartment Building $895,000 ($223,750/Unit) 4.18% Cap Rate Compton, CA 90220
INVESTMENT HIGHLIGHTS
- Attractive Single-Story Layout
- Enclosed Parking & Garage
- Nearby Retail Amenities Include Target, Home Depot & ALDI
- Private Fenced Common Area
- Substantial Rental Upside
EXECUTIVE SUMMARY
Morgan Skenderian Investment Real Estate Group is pleased to present a fourplex in the strong rental market of Compton. The new owners will benefit from the desirable single story layout, private garden area and close proximity to retail amenities such as Target, ALDI and Home Depot.
Compton is an excellent rental market for apartment owners with NO MUNICIPAL RENT CONTROL. Rental demand exceeds supply, resulting in extremely low vacancy rates. The property is centrally located, giving residents convenient access to major employment centers.
Compton is an excellent rental market for apartment owners with NO MUNICIPAL RENT CONTROL. Rental demand exceeds supply, resulting in extremely low vacancy rates. The property is centrally located, giving residents convenient access to major employment centers.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$69,600
|
$29.49
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,088
|
$0.88
|
| Effective Gross Income |
$67,512
|
$28.61
|
| Taxes |
$15,338
|
$6.50
|
| Operating Expenses |
$14,728
|
$6.24
|
| Total Expenses |
$30,066
|
$12.74
|
| Net Operating Income |
$37,446
|
$15.87
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $69,600 |
| Annual Per SF | $29.49 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $2,088 |
| Annual Per SF | $0.88 |
| Effective Gross Income | |
|---|---|
| Annual | $67,512 |
| Annual Per SF | $28.61 |
| Taxes | |
|---|---|
| Annual | $15,338 |
| Annual Per SF | $6.50 |
| Operating Expenses | |
|---|---|
| Annual | $14,728 |
| Annual Per SF | $6.24 |
| Total Expenses | |
|---|---|
| Annual | $30,066 |
| Annual Per SF | $12.74 |
| Net Operating Income | |
|---|---|
| Annual | $37,446 |
| Annual Per SF | $15.87 |
PROPERTY FACTS
| Price | $895,000 | Apartment Style | Garden |
| Price Per Unit | $223,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 4.18% | Building Size | 2,360 SF |
| Gross Rent Multiplier | 12.86 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1939 |
| Property Subtype | Apartment | Parking Ratio | 2.12/1,000 SF |
| Price | $895,000 |
| Price Per Unit | $223,750 |
| Sale Type | Investment |
| Cap Rate | 4.18% |
| Gross Rent Multiplier | 12.86 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 2,360 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1939 |
| Parking Ratio | 2.12/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $1,450 | - |
1 1
Walk Score®
Very Walkable (85)
PROPERTY TAXES
| Parcel Number | 6157-017-020 | Total Assessment | $875,496 (2025) |
| Land Assessment | $557,134 (2025) | Annual Taxes | $15,338 ($6.50/SF) |
| Improvements Assessment | $318,362 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
6157-017-020
Land Assessment
$557,134 (2025)
Improvements Assessment
$318,362 (2025)
Total Assessment
$875,496 (2025)
Annual Taxes
$15,338 ($6.50/SF)
Tax Year
2024
1 of 7
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
338 W Magnolia St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.