Skip to main content

Multifamily

329 W Magnolia St

329 W Magnolia St, Compton, CA 90220

Listing Price: $1,950,000

Cap Rate
4.78%
Number of Units
8
Occupancy
95.0%
Price/Unit
$243,750
Price/Gross SF
$273.42
Gross SF
7,132

Investment Overview

Marcus and Millichap is pleased to present 329 W. Magnolia Street, an 8-unit building located in Compton, California. The building consists of (4) one-bedroom/one-bathroom units and (4) two bedroom/one-bathroom units. Three of the eight units are currently vacant. Built in 1929, the 7,132 SF building sits on a large 8,988 SF lot. The property includes an office on the second floor which could be converted into a storage or laundry room for the building. Recent improvements include new fire safety system, new windows, new interior unit and hallway flooring, recent interior and exterior paint. The property is zoned CORH. 329 W. Magnolia Street is located just a few blocks from the MLK Memorial Mall, which includes the Compton Courthouse, Post Office, City Hall, Public Library and Sheriff's Station. The property is also located less than half a mile from both the Compton Towne Center and the Renaissance Plaza, both of which consist of multiple dining, retail and grocery shopping options. The property is conveniently located 0.3 miles from the Compton Blue Line Station which takes commuters to Downtown LA to the north and Long Beach to the south.

Investment Highlights

  • Real estate owned. Bring best offer.
  • 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 rents.
  • The property consists of (4) 1 bed/1 bath and (4) 2 bed/1 bath units.
  • Recent improvements include new fire safety system, new windows, new unit interior and hallway flooring, new kitchen cabinets and fixtures, recent interior and exterior paint.
  • Located just a few blocks from MLK Memorial Mall which includes the Compton Courthouse, Post Office, City Hall, Public Library and Sheriff's Station.
  • 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.

Exclusively Listed By

Listing Price: $1,950,000

Cap Rate
4.78%
Number of Units
8
Occupancy
95.0%
Price/Unit
$243,750
Price/Gross SF
$273.42
Gross SF
7,132

Investment Highlights

  • Real estate owned. Bring best offer.
  • 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 rents.
  • The property consists of (4) 1 bed/1 bath and (4) 2 bed/1 bath units.
  • Recent improvements include new fire safety system, new windows, new unit interior and hallway flooring, new kitchen cabinets and fixtures, recent interior and exterior paint.
  • Located just a few blocks from MLK Memorial Mall which includes the Compton Courthouse, Post Office, City Hall, Public Library and Sheriff's Station.
  • 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.

Investment Overview

Marcus and Millichap is pleased to present 329 W. Magnolia Street, an 8-unit building located in Compton, California. The building consists of (4) one-bedroom/one-bathroom units and (4) two bedroom/one-bathroom units. Three of the eight units are currently vacant. Built in 1929, the 7,132 SF building sits on a large 8,988 SF lot. The property includes an office on the second floor which could be converted into a storage or laundry room for the building. Recent improvements include new fire safety system, new windows, new interior unit and hallway flooring, recent interior and exterior paint. The property is zoned CORH. 329 W. Magnolia Street is located just a few blocks from the MLK Memorial Mall, which includes the Compton Courthouse, Post Office, City Hall, Public Library and Sheriff's Station. The property is also located less than half a mile from both the Compton Towne Center and the Renaissance Plaza, both of which consist of multiple dining, retail and grocery shopping options. The property is conveniently located 0.3 miles from the Compton Blue Line Station which takes commuters to Downtown LA to the north and Long Beach to the south.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower