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329 W Magnolia St
For Sale $1,650,000 ($231.35 per Sq Ft)
$1,650,000 ($231.35 per Sq Ft)
- 8 Units
- 7,132 Sq Ft
- 8,989 Sq Ft
- Unknown Cap Rate
Description
We are pleased to offer for sale an 8-unit apartment community located at 329 W Magnolia Street. The property is situated west of Alameda Street and south of Rosecrans Avenue.Located in Downtown Compton, the asset sits in close proximity to the Compton Courthouse and Compton Airport, providing convenient access to a wide range of employment opportunities. Additionally, 329 W Magnolia Street is near various local retail and dining options, making it a desirable location for tenants.Situated on a 7,132-square-foot parcel, the property consists of four one-bedroom units and four two-bedroom units. It offers on-site parking for every unit, along with additional space that may allow for potential ADU development (buyer to verify). 329 W Magnolia Street offers investors the opportunity to acquire an asset in a sought-after working-class market of Compton. The continued revitalization of the surrounding area, combined with the property's value-add potential through interior renovations, positions this asset as an excellent acquisition opportunity. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,650,000 |
| Property Type | Multi-Family |
| Usable Sqft | 7,132 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1929 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 6157017036 |
| MLS # | 25629895 |
| Property ID | 292187491 |
| Lot Sqft | 8,989 |
| Zoning | CORH* |
| Total Units | 8 |
| Days on Market | 57 |
| Original List Price | $1,650,000 |
| Date Updated | December 27, 2025 |
| Date Created | December 19, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 2 | 1.00 | $2,250 | $2,250 |
| Unit #2 | 2 | 1.00 | $2,250 | $2,250 |
| Unit #3 | 1 | 1.00 | $1,700 | $1,825 |
| Unit #4 | 1 | 1.00 | $1,785 | $1,825 |
| Unit #5 | 2 | 1.00 | $1,865 | $2,250 |
| Unit #6 | 2 | 1.00 | $2,250 | $2,250 |
| Unit #7 | 1 | 1.00 | $1,700 | $1,825 |
| Unit #8 | 1 | 1.00 | $1,700 | $1,825 |
| Gross Income (Yr) | $ 180,420 |
| Operating Expenses | $ 69,883 |
| Net Income (Yr) | $ 110,537 |
| Cap Rate | 6.70% |
Listing Provided By
Sean Rosenzweig an agent of . Lic #01406343
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Robert Crawford
REAL ESTATE AGENT