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329 W Magnolia St
Compton, CA 90220 West Compton

$1,650,000 USD

Apartments For Sale  •  7,132 SF

Property Details

  • Property Type Apartments
  • Total Building Size 7,132 SF
  • Lot Size 0.21 AC
  • Building Class C
  • Year Built 1929
  • Zoning RH, Compton
0 Transit Score
85 Walk Score

Highlights

The property is well managed by the current ownership and produces a healthy 6.70% cap rate
Provides dedicated parking for every unit, offering convenience and strong tenant appeal
Located in close proximity to Downtown Compton, Compton Airport, grocery stores, gyms, and a wide range of employment opportunities
Offered with a seller financing option, providing buyers with the ability to secure favorable terms for acquiring the asset
On-site leasing office provides a more straightforward opportunity for conversion into a revenue-generating unit or storage –Buyer to verify
New ownership may add detached Accessory Dwelling Units (ADUs) on excess land, creating additional income –Buyer to verify

Amenities

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Heating
  • Trash Pickup - Curbside
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Public Transportation
  • Smoke Detector

Public Transportation

Transit/SubwayDriveWalkDistance
Compton Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 9 min 0.3 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 18 min - 9.6 mi
Los Angeles International 22 min - 14.0 mi
Bob Hope 44 min - 28.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: SurfaceTandem
Included in Rent: Yes
Sean Rosenzweig 213-943-1897 Marcus & Millichap
Sean Rosenzweig 213-943-1897 Marcus & Millichap