338 W Magnolia St is a 4-Unit asset located in the heart of Compton. One unit
will be delivered tenant ready, beneficial to the new owner! This value-add asset is
comprised of (4) 1-bedroom/1-bath units, currently operating at a 4.42% CAP.
The building has 2,360 Sq.Ft of living space and the units feature hardwood
floors, new interior paint, spacious layouts, and an open outdoor area. There
is laundry on-site, as well as 4 garage parking spots, plus one bonus outdoor
spot. Still plenty of room to grow the monthly rental income, with an 6.69%
Market CAP.
338 W Magnolia St in Compton sits on an oversized 7,203 SqFt Lot. This
value-add asset has over 26% in monthly rental income, once units are rented
for market! This is an ideal investment for any owner/user or investor looking
for massive upside.
The subject property is within walking distance of the Compton Library and
Martin Luther King Jr Memorial Park. Just a few miles away from $6 Billion
worth of development in Long Beach, including The Uptown Commons, and
plenty of new housing projects. Metro's "A-Line," running from Downtown Long
Beach to Downtown Los Angeles, also has a Compton station within a mile of
338 W Magnolia Street.