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407 W Magnolia Street

Compton, CA 90220
  • $850,000
  • STATUS: Active
  • ON SITE: 46 Days
  • ID#: WS22068974
UPDATED: 37 min ago
$850,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1996
County:

School Ratings & Info

Listing Agent(s): Vincent Yeung of Broadway Realty, Inc. (626-232-4980) and Hugo Lam of Broadway Realty, Inc.(626-232-4980)


Description

Duplex units, great deal for existing or first-time investors. This is a duplex-unit, not ADU, each with a spacious 2-car garage, automatic opener and laundry hook-up. Back unit has an extra den and two full baths. Both upgraded kitchens. All utilities have full completely separate meters and utilities paid by tenants. Retiring owner is giving up this property. Look at the cash flow and you'll see this is a rare opportunity that you must move quickly on. Easy for tenancy desirably centrally located near up and coming neighbor minutes to City Hall and Gateway Town Center.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-24T07:31:44.907. 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 deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/127497665
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407 W Magnolia Street Compton, CA 90220

  • Price: $850,000
  • Status: Active
  • On Site: 46 Days
  • Updated: 37 min ago
  • ID#: WS22068974
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1996
Built
Neighborhood:
699 - Not Defined
County:
Los Angeles
Area:
699 - Not Defined
Property Description
Duplex units, great deal for existing or first-time investors. This is a duplex-unit, not ADU, each with a spacious 2-car garage, automatic opener and laundry hook-up. Back unit has an extra den and two full baths. Both upgraded kitchens. All utilities have full completely separate meters and utilities paid by tenants. Retiring owner is giving up this property. Look at the cash flow and you'll see this is a rare opportunity that you must move quickly on. Easy for tenancy desirably centrally located near up and coming neighbor minutes to City Hall and Gateway Town Center.
Exterior Features

Carport YN Yes Lot Features Yard Number Of Separate Electric Meters 2 Parking Features Attached Carport Parking Total 4 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Tile Heating Wall Furnace Heating YN Yes Interior Features Ceiling Fan(S)All Bedrooms Down

Property Features

Additional Parcels YN No Cap Rate 5.4 Common Interest None Community Features Urban Contingency 1031 Exchange Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 63600 Gross Scheduled Income 63600 Insurance Expense 850 Land Lease YN No Laundry Features In Garage Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional1031 ExchangeFannie Mae Net Operating Income 45922 New Construction YN No New Taxes Expense 14428 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Number Of Units Leased 2 Operating Expense 17678 Other Expense 600 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All Utilities Total Actual Rent 5300 Trash Expense 0 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 0 Water Source Public Zoning Corh*



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-24T07:31:44.907. 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 deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): Vincent Yeung of Broadway Realty, Inc. (626-232-4980) and Hugo Lam of Broadway Realty, Inc.(626-232-4980)