329 W Magnolia St - Apartments FOR SALE


Compton, CA 90220- West Compton
$1,650,000 USD
213-943-1897
329 W Magnolia St, Compton, CA for Sale
$1,650,000 USD
Apartments - FOR SALE
1/16
null | 6.7% Cap Rate

329 W Magnolia St
Compton, CA 90220
West Compton


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

OVERVIEW

The SR Group of Marcus & Millichap, as the exclusive listing agent, is 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.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$231 USD /SF

# OF UNITS

8

PRICE/UNIT

$206,250

CAP RATE

6.7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Magnolia Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

RH, Compton

APN/PARCEL ID

6157-017-036

ASK ABOUT THIS PROPERTY

Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

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Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.