16
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$1,650,000
Est. payment /mo
7,132 SqFt
New
329 W Magnolia Street Compton, CA 90220
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,132 sqft
Price per Sqft $231
MLS Listing ID CL25629895
HOA Y/N No
Year Built 1929
Lot Size 8,989 Sqft
Acres 0.21
Property Sub-Type Other
Property Description
We are pleased to offer for sale an 8-unit apartment community located at 329 W Magnolia Street. The property is situated west of Alameda Street and south of Rosecrans Avenue.Located in Downtown Compton, the asset sits in close proximity to the Compton Courthouse and Compton Airport, providing convenient access to a wide range of employment opportunities. Additionally, 329 W Magnolia Street is near various local retail and dining options, making it a desirable location for tenants.Situated on a 7,132-square-foot parcel, the property consists of four one-bedroom units and four two-bedroom units. It offers on-site parking for every unit, along with additional space that may allow for potential ADU development (buyer to verify). 329 W Magnolia Street offers investors the opportunity to acquire an asset in a sought-after working-class market of Compton. The continued revitalization of the surrounding area, combined with the property's value-add potential through interior renovations, positions this asset as an excellent acquisition opportunity. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS.
Location
State CA
County Los Angeles
Zoning CORH
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 6157017036
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Listed by Sean Rosenzweig • Marcus & Millichap
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