Property Description

338 W Magnolia St is a 4-Unit asset located in the heart of Compton. This value-add asset is comprised of (2) 2-bedroom/1-bath & (2) 1-bedroom/1- bath units, currently operating at a 4.06% 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 8.34% Market CAP. 338 W Magnolia St in Compton sits on an oversized 7,203 SqFt Lot. This value-add asset has over 40% 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.