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329 W Magnolia St , #1

Compton, CA 90220
  • $1,950,000
  • STATUS: Active
  • ON SITE: 26 days
  • ID#: 21-758340
Foreclosure
UPDATED: 24 min ago
$1,950,000
  • 12
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,132
    SQFT
  • $273
    $/SQFT

School Ratings & Info

Description

***REO SALE - BRING BEST OFFER*** We are 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.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-04T07:42:26.503. 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.
www.brandiprattrealestate.com/homes/119101296
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329 W Magnolia St , #1 Compton, CA 90220

  • Price: $1,950,000
  • Status: Active
  • Updated: 24 min ago
  • ID#: 21-758340
12
Beds
0
Baths
0
½ Baths
0.21
Acres
7,132
SQFT
$273
$/SQFT
1929
Built
Neighborhood:
Compton S Of Rosecrans, E Of Central,W Of Alameda
County:
Los Angeles
Area:
Compton S Of Rosecrans, E Of Central,W Of Alameda
Property Description
***REO SALE - BRING BEST OFFER*** We are 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.
Exterior Features

Lot Size Area 8988 Other Structures None Parking Garage Gated Total Parking 8

Interior Features

Baths Total 8.00 Cooling None Equipment None Heating Wall

Property Features

Assessed Total Value 1500000 Gross Income 160296 Gross Operating Income 152281 Like Units1 4 Like Units2 4 Net Operating Income 93125.00 Number Of Buildings 1 Number Of Units 8 Sale Type Real Estate Owned Source Living Area Vendor Enhanced Source Lot Size Area Assessor Total Annual Expense 59156 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Corh*

Listing provided courtesy of Matthew Ziegler DRE# of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-04T07:42:26.503. 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.
 
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eXp Realty of California, Inc.
2603 Camino Ramon, Suite 200
San Ramon CA, 94583