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    329 W Magnolia St , #1

    Compton, CA 90220
    • $1,950,000
    • STATUS: Active
    • ON SITE: 18 days
    • ID#: 21-758340
    Foreclosure
    $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 2021-07-26T23:42:37.097. 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.theparsonsrealestateteam.com/homes/119101296
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    329 W Magnolia St , #1 Compton, CA 90220

    • Price: $1,950,000
    • Status: Active
    • 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 2021-07-26T23:42:37.097. 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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    The Parsons Team | Keller Williams Realty
    251 S. Lake Ave #150
    Pasadena CA, 91101