Seller's Agent in 2025
Alex Pirro
Kase Real Estate
(714) 423-8762
2 in this area
33 Total Sales
947 W Magnolia St Compton, CA 90220
10
Beds
6
Baths
3,616
Sq Ft
7,500
Sq Ft Lot
Highlights
- No HOA
- Landscaped
- Level Lot
- Laundry Room
- Family Room
- 1-Story Property
About This Home
As of May 2025947 W. Magnolia St presents an exceptional investment opportunity to acquire a 3-unit building in Compton, California, known as the "Hub City" for its central location within Los Angeles County and convenient access to major freeways. Situated adjacent to the Alameda Corridor, which handles 25% of all U.S. waterborne international trade, Compton is rapidly transforming into a key industrial hub for transit, distribution, business services, high-tech industries, and more.
This property includes a diverse unit mix: (2) four-bedroom/three-bathroom units and (1) two-bedroom/one-bathroom unit. Additional features include spacious floorplans, 2 two car garages, and laundry in each unit. With strong potential for rent increases, this asset provides the opportunity to enhance cash flow and further boost the already impressive cash-on-cash return.
Last Agent to Sell the Property
Kase Real Estate Brokerage Phone: 714-423-8762 License #01773134 Listed on: 09/09/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2024
Lot Details
- 7,500 Sq Ft Lot
- Two or More Common Walls
- Landscaped
- Level Lot
- Sprinkler System
Parking
- 4 Car Garage
Home Design
- Triplex
- Entry on the 1st floor
Interior Spaces
- 3,616 Sq Ft Home
- 1-Story Property
- Family Room
- Laundry Room
Bedrooms and Bathrooms
- 10 Bedrooms
- 6 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Tenant pays for gas, sewer, trash collection, water
- Legal Lot and Block 29 / 16
- Tax Tract Number 5627
- Assessor Parcel Number 6156017031
- $1,152 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 3 Separate Water Meters
- Electric Expense $2,114
- Insurance Expense $2,626
- Trash Expense $2,114
- Water Sewer Expense $2,114
- Operating Expense $8,968
- Gross Income $156,000
- Net Operating Income $147,032
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 9, 2024
Closed on
Jun 26, 2025
Sold by
Choi Myungjoon and Lee Dayoon
Bought by
Magnolia Real Estates Llc
Seller's Agent
Alex Pirro
Kase Real Estate
Buyer's Agent
Brian Jung
BJ Realty
List Price
$1,500,000
Sold Price
$1,400,000
Premium/Discount to List
-$100,000
-6.67%
Views
256
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$60,996
Avg. Annual Appreciation
-6.93%
Purchase Details
Listed on
Sep 9, 2024
Closed on
Apr 21, 2025
Sold by
Ejmv Builders Inc
Bought by
Choi Myungjoon and Lee Dayoon
Seller's Agent
Alex Pirro
Kase Real Estate
Buyer's Agent
Brian Jung
BJ Realty
List Price
$1,500,000
Sold Price
$1,400,000
Premium/Discount to List
-$100,000
-6.67%
Views
256
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$980,000
Interest Rate
6.65%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 1, 2017
Sold by
Holt Jennie W
Bought by
Holt Jennie and The Jennie Holt Living Trust
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Gift Deed | -- | None Listed On Document | |
| Grant Deed | $1,400,000 | Stewart Title | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $980,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/13/2025 05/13/25 | Sold | $1,400,000 | -3.4% | $387 / Sq Ft | |
| 03/26/2025 03/26/25 | Pending | -- | -- | -- | |
| 11/22/2024 11/22/24 | Price Changed | $1,449,000 | -3.3% | $401 / Sq Ft | |
| 11/22/2024 11/22/24 | Price Changed | $1,499,000 | -0.1% | $415 / Sq Ft | |
| 09/09/2024 09/09/24 | For Sale | $1,500,000 | +209.3% | $415 / Sq Ft | |
| 09/09/2021 09/09/21 | Sold | $485,000 | +2.1% | $492 / Sq Ft | View Prior Sale |
| 08/20/2021 08/20/21 | Pending | -- | -- | -- | |
| 07/23/2021 07/23/21 | For Sale | $475,000 | -- | $482 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,357 | $514,684 | $411,748 | $102,936 |
| 2024 | $9,357 | $504,593 | $403,675 | $100,918 |
| 2023 | $9,237 | $494,700 | $395,760 | $98,940 |
| 2022 | $8,237 | $485,000 | $388,000 | $97,000 |
| 2021 | $1,037 | $34,368 | $22,617 | $11,751 |
| 2020 | $1,027 | $34,017 | $22,386 | $11,631 |
| 2019 | $1,014 | $33,351 | $21,948 | $11,403 |
| 2018 | $993 | $32,698 | $21,518 | $11,180 |
| 2016 | $948 | $31,431 | $20,684 | $10,747 |
| 2015 | $922 | $30,960 | $20,374 | $10,586 |
| 2014 | $920 | $30,354 | $19,975 | $10,379 |
Source: Public Records
Agents Affiliated with this Home
-
Alex Pirro
-
Brian Jung
B
Buyer's Agent in 2025
Brian Jung
BJ Realty
(949) 382-1413
1 in this area
33 Total Sales
-
Vincent Stewart
V
Seller's Agent in 2021
Vincent Stewart
Calloway Real Estate Service Inc
(818) 966-6886
2 in this area
3 Total Sales
-
Martha Nunez
M
Buyer's Agent in 2021
Martha Nunez
eXp Realty of Southern CA
(323) 707-7803
3 in this area
14 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC24186459
APN: 6156-017-031
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Nearby Homes
- 922 W School St
- 485 W Compton Blvd
- Plan 1 at Concord Court
- Plan 3 at Concord Court
- Plan 2 at Concord Court
- 910 W Palmer St
- 1206 W Magnolia St
- 316 N Maie Ave
- 820 W Compton Blvd Unit 20
- 1019 W Arbutus St
- 157 S Wilmington Ave Unit I
- 810 W Compton Blvd Unit 7
- 810 W Compton Blvd Unit 16
- 924 W Almond St
- 1410 W School St
- 123 N Magnolia Ct
- 1433 W 151st St
- 836 W Cedar St
- 803 N Grandee Ave
- 1424 W 152nd St