438 W Magnolia Street Compton, CA ^$ 1,195,000

438 W Magnolia Street

^$ 1,195,000

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438 W Magnolia Street

Compton, CA, 90220

^$ 1,195,000

Bedrooms6 Baths1.0 Sq 3,452

Monthly Estimate*

^$ 7,157

Listed by Equity North Investments Inc.

438 W Magnolia Street, Compton, CA 90220 - Image 1

438 W Magnolia Street, Compton, CA 90220 - Image 2

Multi-Family Home for sale in Compton, CA

for $1,195,000 with 6 bedrooms and 1 full bath. This 3,452 square foot home was built in 1956 on a lot size of 0.1651.

Fabulous 6 X1 Bedroom units All Separate Meters. Located in Single Family Neighborhood. Close to the Metro and Compton Court house. Long term tenants, Easy to maintain Bldg. Pride of Ownership, building has been in the family for more than 30 years, easy to manage, long term tenants, located in a quiet community of Compton CA. Rents are below current market rates. This property offers a tremendous opportunity for long term growth and stability; it offers modern convenience with great amenities and low maintenance. These benefits will keep the building’s chances of operating at full occupancy, as well as fundamentally serve as a comfortable living establishment.

Multi-Family Active

Price

^$ 1,195,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Apartment

Lot Size

0.1651

Year Built

1956

Town/City

Compton

County/Region

Los Angeles

MLS | Web ID

RS24095465

Days on Market

128

Features

General

Sewer PublicSewer

Zoning COPRH*

Garage Spaces 6.0

Pool Features None

Year Built 1956

Tenant Pays AllUtilities

Stories 2

Levels Two

Property SubType Apartment

Gross Income 0.0

Community Features Curbs DogPark StormDrains StreetLights Sidewalks

County Los Angeles

Net Operating Income 92567.0

Operating Expense 14800.0

Insurance Expense 8300.0

New Construction N

Property Type ResidentialIncome

Home Owner Assoc N

Attached Garage N

Contingency Listing agent is owner

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Directions S of Compton E of W of Santa Fe

City Compton

Entry Location FRONT

View Y/N N

Senior Community Y/N N

NumberOfUnitsTotal 6

MLS Area RP - Compton S of Rosecrans E of Central W of Ala

Lot Size Units SquareFeet

Lot Size Square Feet 7192.0

Private Pool N

Waterfront Y/N N

Carport Y/N Y

Number of Units Leased 6

Terms Cash CashtoExistingLoan CashtoNewLoan Item1031Exchange

Property Attached Y/N Y

Land Lease Y/N N

Home Warranty Y/N N

Trash Expense 6500.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 75

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 7

Property Sub Type Additional Apartment

Cap Rate 5.75

Exterior

Parking Features DetachedCarport

Lot Features Item610UnitsAcre

Total Parking 6.0

Lot Size Area 7192.0

Number of Buildings 1

Spa N

Building Area Total 3452.0

Lot Size Acres 0.1651

Lot Size Source Assessor

Number of Separate Water Meters 6

Number of Separate Gas Meters 6

Number of Separate Electric Meters 6

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls Item2CommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Laundry Features CommonArea GasDryerHookup

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 438

* Excluded Features

List By

Equity North Investments Inc.

Broker

(562) 285-0888

Phone

Affordability Calculator

$7,157

Per Month

Monthly Principal & Interest: $7,157
Monthly Property Taxes: --
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Compton, CA

Average List Price ^$932,135

Percent of Sale Price 22%

About Compton, CA

98,490 Population

5% Since 2002

^$46,530 Median Income

31.15 Median Age

42% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/14/2024	$1,195,000	-7.72%	Price Down
7/30/2024	$1,295,000	-4.07%	Price Down
5/17/2024	$1,350,000		Listed Price

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438 W Magnolia Street, Compton, CA, 90220 is a Multi-Family Home for sale at $1,195,000 with 3,452 sqft and a lot size of 0.1651. 438 W Magnolia Street has 6 bedrooms, 1.0 baths, and was built in 1956. The property's zip code is 90220 which is in Compton, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 9/22/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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438 W Magnolia Street

Multi-Family Home for sale in Compton, CA

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