$749,000
Estimated Payment$3,537/mo
Multi-Family For Sale

338 W Magnolia Street, Compton, CA 90220

Multi-Family Home In Compton

338 W Magnolia St is a 4-Unit asset located in the heart of Compton. This value-add asset is comprised of (4) 1-bedroom/1-bath units, currently operating at a 4.06% Cap. The building has 2,360 Sq.Ft of living space and the units feature hardwood floors, new interior paint,spacious layouts, and an open outdoor area. There is laundry on-site, as well as 4 garage parking spots, plus one bonus outdoor spot. Still plenty of room to grow the monthly rental income, with an 7.38% Market CAP.338 W Magnolia St in Compton sits on an oversized 7,203 SqFt Lot. This value-add asset has over 35% in monthly rental income, once units are rented for market! This is an ideal investment for any owner/user or investor looking for massive upside.The subject property is within walking distance of the Compton Library and Martin Luther King Jr Memorial Park. Just a few miles away from $6 Billionworth of development in Long Beach, including The Uptown Commons, and plenty of new housing projects. Metro's "A-Line," running from Downtown Long Beach to Downtown Los Angeles, also has a Compton station within a mile of 338 W Magnolia Street.

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338 W Magnolia Street
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Location
338 W Magnolia Street Compton, CA 90220
Home Details

Listing Details

General

  • Total Number of Units: 4

    Financial Details

    Tax Details

    • Zoning: Coprh

      Property Details

      Parking

      • Garage: 4 0

        General

        • Laundry Features: Common Area

          Location Details

          Region

          • City/Region: 699 Not Defined

            MLS Details

            General

            • Days on Homes.com: 45
            • MLS Number: SB21096912
            • Listed: 10/16/2021
            • Last Updated: 11/30/2021
            • Offered By: Lyon Stahl Investment Real Estate, Inc.
            • Listing Source: California Regional Mls
            Monthly Payment Calculator

            $3,537

            Estimated Mortgage
            Principal & Interest
            $2,526
            Insurance
            $262
            Taxes
            $749
            Mortgage Insurance
            $0
            i
            Include PMI: Private Mortgage Insurance (PMI) is required by lenders if the down payment is less than 20% of the home price. It is recommended to include this field if your down payment is less than 20% of the home price.
            i
            If you or your spouse are active or retired military you may be eligible for special VA loan programs for veterans. The VA loan programs include benefits like no down payment and no private mortgage insurance (PMI).
            Nearby Schools
            • Dickison Elementary School
              Class size: 19Distance: 0.47 mi
              C+
            • Davis Middle School
              Class size: 17Distance: 0.49 mi
              C-
            • Compton High School
              Class size: 22Distance: 0.39 mi
              C
            Points of Interest

            Airports

            Distance
            • Long Beach-Daugherty Field
              9.7 mi
            • Los Angeles International
              14.0 mi

            Colleges

            Distance
            • El Camino College
              2.2 mi
            • California State University, Dominguez Hills
              4.4 mi
            • Los Angeles Southwest College
              7.1 mi

            Military Bases

            Distance
            • Los Angeles Air Force Base
              9.9 mi

            Parks and Recreation

            Distance
            • Compton Creek Natural Park at George Washington Elementary
              1.3 mi

            Shopping Centers

            Distance
            • Strip Center at 339-365 W Compton Blvd
              0.0 mi
            • Compton Civic Plaza
              0.2 mi
            • Strip Center at 509 W Compton Blvd
              0.3 mi
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            Listing Agent
            Cameron Samimi
            Lyon Stahl Investment Real Estate, Inc.License # 02035763
            Compton, CA
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            $749,000

            338 W Magnolia Street

            Compton, CA 90220

            Cameron Samimi
            Lyon Stahl Investment Real Estate, Inc.