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$ 1,650,000
Est. payment | /mo
12 Beds
8 Baths
7,132 SqFt
$ 1,650,000
Est. payment | /mo
12 Beds
8 Baths
7,132 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 7,132 sqft
Price per Sqft $231
MLS Listing ID 25629895
Bedrooms 12
HOA Y/N No
Year Built 1929
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
Area Rp - Compton S Of Rosecrans, E Of Central, W Of Ala
Zoning CORH*
Interior
Fireplace No
Exterior
Parking Features Uncovered
Total Parking Spaces 8
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6157017036
Special Listing Condition Standard
Listed by Sean Rosenzweig Marcus & Millichap
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Peggy Knauft
Partner | Lic# 01998271