Properties
Compton, CA 90220 338 W Magnolia Street
$895,000
0 more
Presented By: Peter Gillin with Morgan Skenderian; pdg@morganskenderian.com
Baths • 1
SQFT • 2,360
Garage • 4
Home Details
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.
SELLER CAN PROBABLY DELIVER ONE OF THE APARTMENT UNITS VACANT AT CLOSE OF ESCROW.
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.
Presented By: Peter Gillin with Morgan Skenderian; pdg@morganskenderian.com
Interior Features for 338 W Magnolia Street
Other Interior Features
Common WallsNo Common Walls
Laundry FeaturesCommon Area
Total Stories1
Other Rooms
Entry Level1
General for 338 W Magnolia Street
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Cap Rate4.2
CityCompton
Community FeaturesCurbs, Gutter(s), Sidewalks
CountyLos Angeles
DirectionsOff of Compton Blvd and Wilmington Ave
Electric Expense1000
Entry Location1
Fuel Expense1000
Garage Spaces4
Garage Y/NYes
Gross Income
Insurance Expense2960
Land Lease Y/NNo
LevelsOne
Listing TermsCash, Cash to New Loan, Conventional
Lot Size Square Feet7203
Lot Size UnitsSquare Feet
MLS AreaRN - Compton N of Rosecrans, E of Central
MaintenanceExpense5568
Net Operating Income37446
New ConstructionNo
Number Of Units Total4
Open Parking Spaces1
Operating Expense30066
Pool FeaturesNone
PostalCityCOMPTON
Property Attached Y/NNo
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count1
Tax Lot24
Taxes$15,338
Tenant PaysElectricity, Gas
Total Actual Rent5800
Trash Expense1000
Water Sewer Expense1000
Year Built1939
Year Built SourceAssessor
Exterior for 338 W Magnolia Street
Building Area Total2360
Lot Size Acres0.1654
Lot Size Area7203
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters1
Private PoolNo
Total Parking5
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
