1 month on rocket

310 W Magnolia St, Compton, CA, 90220

$1,058,888

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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310 W Magnolia St, Compton$1,058,888

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1929
FireplaceNone
MLS #RS24211655
Lot Size0.17 Acres
StatusActive

About 310 W Magnolia St

Investment Opportunity: Introducing this Prime Multi-Family income property that's been well-maintained. This property presents a compelling investment opportunity in the densely populated, and thriving Compton rental market * Gross income of $101,616 annually and 6.3% Cap rate is top market revenue producer at offering price renders ideal levered and unlevered returns * Desirable Unit Mix: Two three-bedroom, two-bathroom units and two one-bedroom, one-bathroom units. * Prime Location: Conveniently situated near schools, shopping centers, and major transportation routes, ensuring strong tenant demand. * Growth Potential: Compton's growing population and rising rental rates make this property an excellent long-term investment. Investment Highlights: * Stable Cash Flow: The property's established rental history and consistent income provide a reliable return on investment. * Value-Add Potential: Explore opportunities to enhance the property's value through renovations or additional amenities. * Strong Market Demand: The growing demand for rental housing in Compton makes this property a desirable asset.

Property Details

Property Features

Property Information:

  • Year Built: 1929
  • Stories: 1

Listing Office:

  • Office Name: Executive Bankers Realty
  • Office Phone: (310) 754-0124
  • Listing Agent: Isaac Rosales

Interior Features

Interior Information:

  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Other

Directions Information:

  • Directions: Compton Blvd & Acacia Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,058,888

Tax Information:

  • Annual Amount: $7,505
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Compton, CA.

Med. Sold Price

$630K

Med. Price/SqFt

$529

Avg. Days On Market

25

# of Sold Homes

33

310 W Magnolia St vs Compton

30 DAYS ON ROCKET

+5 Days

$1,058,888

+$428.8K More

KEY TAKEAWAY

This property is $428.8K more than the Median Sold Price in Compton, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #RS24211655

Listing Office:

  • Office Name: Executive Bankers Realty
  • Office Phone: (310) 754-0124
  • Listing Agent: Isaac Rosales

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 9:21:01 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 11, 2008Home Sold
$335,000
Feb 24, 2006Home Sold
$635,000
Mar 15, 2004Home Sold
$340,000
Jul 03, 2000Home Sold
$275,000
Nov 19, 1997Home Sold
$90,000

Tax History

YEARPROP. TAXASSESSMENT
2021$7,505$398,535
2020$7,291$394,450
2019$7,068$386,717
2018$6,872$379,135
2017$6,872$371,702

History based on county public records data.

Payment Calculator

$5,352

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,241

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-363405
5
/10
  • Rosecrans Elementary School

  • 1301 N Acacia Ave

  • 0.51 miles

  • Public District Grades KG-6

school-card-donut-363406
7
/10
  • Augusta A. Mayo Elementary School

  • 915 N Mayo Ave

  • 0.89 miles

  • Public District Grades KG-5

school-card-donut-363407
6
/10
  • George Washington Elementary School

  • 1421 N Wilmington Ave

  • 0.94 miles

  • Public District Grades KG-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $30,769. Most Compton, CA residents have annual incomes less than $35k. The most common type of family is married, with kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas


Rocket HomesCaliforniaLos Angeles CountyCompton90220310 W Magnolia St

This home is located at 310 W Magnolia St in Compton, CA and zip code 90220 in the The Southeast neighborhood. This home, which was built in 1929, sits on a 0.17 acre lot. It has been listed on Rocket Homes since October 17, 2024 and is currently priced at $1,058,888.

In October 2024 more than 24 listings in Compton, CA were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 7 were sold below. Between September 2024 and October 2024, Compton, CA real estate market has seen increase in the number of listings by 8.3%. In October 2024, listings were on the market for 25 days. During the same period, the median list price in this real estate market was $630,000.

From Rocket Homes Real Estate and based on county public records data.

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