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438 W Magnolia St, Compton, CA 90220
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438 W Magnolia St Compton, CA 90220

$1,350,000
  • 6 Beds
  • 6 Baths
  • 3,452 Sq.Ft.
For Sale
$1,350,000 Get Pre-Qualified
Map preview of 438 W Magnolia St, Compton, CA 90220

Property Overview: 438 W Magnolia St Compton, CA has 6 bedrooms, 6 bathrooms, 3,452 living square feet and 7,192 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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 20% 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.

Listed by Harry Alexander | BRE #00664511 | Equity North Investments Inc.
Last checked: 11 minutes ago | Last updated: May 26th, 2024 | Source CRMLS | DOM: 39
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Home details

Lot Sq. Ft
7,192
HOA Dues
$0/mo
Year built
1956
Garage
6 Car
Property Type:
Apartment
Status
Active
MLS#
RS24095465
City
Compton
County
Los Angeles
Time on Site
40 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Leased Units: 6
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 6
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 6
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $110,688
  • Total Rent: $110,688
  • Pro Forma/Market Rent: $150,780
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.75%
  • Gross Rent Multiplier: 11.6
  • Gross Scheduled Income: $110,688
  • Net Operating Income: $92,567
  • Gross Operating Income: $107,368
  • Vacancy Allowance: $3,320
  • Gross Spendable Income: $92,567
Annual Expense Breakdown
  • Total Operating Expense: $14,800
  • Trash: $6,500
  • Insurance: $8,300
  • Professional Management: $0

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Property Details for 438 W Magnolia St

Interior Features
Laundry Information
  • Has Laundry
  • Common Area, Gas Dryer Hookup
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Detached Carport
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 6
  • Parcel Number: 6157022006
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Mutual Water Companies
Location / Neighborhood
Location Information
  • Directions: S of Compton E of W of Santa Fe
Neighborhood Information
  • Community Features: Curbs, Dog Park, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Compton Agent

Sale History for 438 W Magnolia St

Last sold on November 30th, 1998

  • May, 2024

  • May 17, 2024

    Date

    Active

    CRMLS: RS24095465

    $1,350,000

    Price

  • November, 1998

  • Nov 30, 1998

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • June, 1994

  • Jun 1, 1994

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 438 W Magnolia St

Assessed Value (2020): $345,366
Year Land Value Improved Value Assessed Value
2020 $100,334 $245,032 $345,366

Home Value Compared to the Market

This property vs the competition

438 W Magnolia St is listed 121.35% higher than the median list price for the city of Compton which has a median list price of $609,900. The median price per/sqft for Compton is $489 and this home is listed at $391.08 per/sqft which puts the price per square foot 20.03% lower than the median price per square foot for the city of Compton.

About 438 W Magnolia St

Detailed summary of property

438 W Magnolia St is a apartment located in Compton, CA 90220 and is currently for sale. This apartment offers 6 bedrooms, 6 bathrooms, roughly 3,452 living square feet, and sits on an approximately 7,192 square foot lot. 438 W Magnolia St was first listed on ArdentRealEstateGroup.com on May 17, 2024. The homeowner is currently asking $1,350,000. The median priced home in Compton is $609,900 with a median price per square foot of $489. Based on Ardent Real Estate Group's Compton Market Data, this home is listed 121.35% higher than the median priced home. Local competing homes currently for sale include 9004 S San Pedro St, 834 E 85th St and 1915 Nadeau St. While the average home in Compton, CA is selling in 53 days, 438 W Magnolia St has a days on market of 39 days. There are currently 143 homes for sale in the Compton real estate market and 132 of them are single family homes while 3 of them are condos and 8 are townhomes. For more information on this home for sale at 438 W Magnolia St Compton, CA 90220 contact Ardent Real Estate Group and we will put you in touch with one of our Compton agents.

Public Facts for 438 W Magnolia St

Public county record property details
Beds
6
Baths
6
Year built
1956
Sq. Ft.
3,452
Lot Size
7,189
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
7
APN
6157-022-006

The source for these homes facts are from public records.

90220 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$599,900
Median List Price/Sq.Ft.
$486
Median Sold Price
$655,000
Median Sold Price/Sq.Ft.
$608
Total Inventory
57
Median Sale to List Price %
106.5%
Avg Days on Market
43
Loan Type
Conventional (36.36%), FHA (45.45%), VA (9.09%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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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