2 months on rocket

947 W Magnolia St, Compton, CA, 90220

$1,500,000

Home List Price

$10,000*

Closing Credit

10 Bedrooms
7 Full Baths
3,616 SqFt
$415/SqFt
Multi

Location

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947 W Magnolia St, Compton$1,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeTriplex
Attached Garage4 spaces
Year Built2024
CoolingNone
FireplaceNone
ViewNone
MLS #OC24162247
Lot Size0.17 Acres
StatusActive

About 947 W Magnolia St

947 W. Magnolia St presents an exceptional investment opportunity to acquire a 3-unit building in Compton, California, known as the "Hub City" for its central location within Los Angeles County and convenient access to major freeways. Situated adjacent to the Alameda Corridor, which handles 25% of all U.S. waterborne international trade, Compton is rapidly transforming into a key industrial hub for transit, distribution, business services, high-tech industries, and more. This property includes a diverse unit mix: (2) four-bedroom/three-bathroom units and (1) two-bedroom/one-bathroom unit. Additional features include spacious floorplans, 2 two car garages, and laundry in each unit. With strong potential for rent increases, this asset provides the opportunity to enhance cash flow and further boost the already impressive cash-on-cash return.

Property Details

Property Features

Property Information:

  • Year Built: 2024
  • Stories: 1
  • Living Area: 3,616 SqFt

Listing Office:

  • Office Name: KASE Real Estate, Inc.
  • Office Phone: (714) 423-8762
  • Listing Agent: Alex Pirro

Interior Features

Interior Information:

  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 7
  • Total Bedroom Count: 10

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None

Parking Information:

  • Garage Space: 4 spaces
  • Attached Garage: Yes

Lot Features

Lot Information:

  • Lot: Landscaped, Level, Sprinklers
  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Cooling: None

Other

Directions Information:

  • Directions: N Kemp Ave W. Magnolia St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,500,000
  • Price Per SqFt: $415/SqFt

Tax Information:

  • Annual Amount: $1,037
  • Tax Year: 2021
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Housing Market Comparison

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

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Compton, CA

City

Med. Sold Price

$630K

Med. Price/SqFt

$529

Avg. Days On Market

25

# of Sold Homes

33

947 W Magnolia St vs Compton

74 DAYS ON ROCKET

+49 Days

$1,500,000

+$870K More

$415/SqFt

-$114 Less

KEY TAKEAWAY

This property is $870K more than the Median Sold Price and $114/SqFt less than other homes in Compton, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #OC24162247

Listing Office:

  • Office Name: KASE Real Estate, Inc.
  • Office Phone: (714) 423-8762
  • Listing Agent: Alex Pirro

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, 8:20:56 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 09, 2021Home Sold
$485,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,037$34,368
2020$1,014$34,017
2019$992$33,351
2018$977$32,698
2017$977$32,058

History based on county public records data.

Payment Calculator

$7,554

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,564

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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-437375
6
/10

  • George Washington Elementary School

  • 1421 N Wilmington Ave

  • 0.62 miles

  • Public District Grades KG-6

school-card-donut-437376
4
/10

  • Charles W. Bursch Elementary School

  • 2505 W 156th St

  • 0.80 miles

  • Public District Grades PK-5

school-card-donut-437377
5
/10

  • Rosecrans Elementary School

  • 1301 N Acacia Ave

  • 0.93 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $47,035. The majority of Compton, CA residents have income between $35k-100k annually. Most families are married, with kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Compton›90220›947 W Magnolia St

This home is located at 947 W Magnolia St in Compton, CA and zip code 90220 in the The Southeast neighborhood. This 3,616 square foot home, which was built in 2024, sits on a 0.17 acre lot. Features: 10 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since September 03, 2024 and is currently priced at $1,500,000.

Over 24 listings were sold over their listed price in October 2024 in Compton, CA. In the same period over 7 listings were sold below the listed price and 2 listings were sold for the listed price. The number of listings in Compton, CA increased by 8.3% between September 2024 and October 2024. 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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