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 moder n convenience with extraordinary amenities and low maintenance. These benefits will keep the buildings chances of operating at full occupancy, as well as fundamentally serve as a comfortable lving establishment.

Request Information
on 438 W Magnolia St
in Compton, CA
Presented by David Alexander at
Harry D. Alexander, Broker.


Property MLS #RS24095465 from CRMLS

+ Reveal additional info including schools and tax history

+ Toggle All

+ Bedrooms

Bedrooms: 6

+ Appliances

Laundry Features: Common Area, Gas Dryer Hookup

+ Bathrooms

Full Bathrooms: 6

+ Land Info

Lot Description: 6-10 Units/Acre
Lot Size Acres: 0.1651056
Lot Size Source: Assessor
Lot Size Square Feet: 7192

+ Garage and Parking

Garage Spaces: 6
Parking Features: Parking YN: Yes, Parking Features: Detached Carport
Parking Total: 6

+ Multi-Unit Info

Number of Units: 6
Bedrooms in Unit-1: 1
Total Bathrooms in Unit-1: 1
Unit-1 Garage Spaces: 6

+ Rental Info

Number of Units Leased: 6
Tenant Pays: All Utilities
Vacancy Allowance: 3320
Rent Control: Yes

+ Amenities and Community Features

Community Features: Curbs, Dog Park, Sidewalks, Storm Drains, Street Lights

+ Other Property Info

Source Listing Status: Active
County: Los Angeles
Cap Rate: 5.75
Source Property Type: Residential Income
Insurance Expense: 8300.00
Area: RP - Compton S of Rosecrans, E of Central, W of Al
Source Neighborhood: RP - Compton S of Rosecrans, E of Central, W of Ala
Number of Separate Electric Meters: 6
Number of Separate Gas Meters: 6
Number of Separate Water Meters: 6
Parcel Number: 6157022006
Postal Code Plus 4: 2049
Trash Expense: 6500.00
Zoning: COPRH
Source System Name: C2C
+ Reveal Tax History

Year	Assessments Building + Land Total	Tax
2022	$251130 + $103400 $354530	$7268
2021	$246206 + $101373 $347579	$7308
2020	$243682 + $100334 $344016	$7207
2019	$238904 + $98367 $337271	$7124
2018	$234220 + $96439 $330659	$6926
2017	$229628 + $94549 $324177	$6701
2016	$225126 + $92696 $317822	$6539
2015	$221745 + $91304 $313049	$6276
2014	$217402 + $89516 $306918	$6196
2013	$216420 + $89112 $305532	$6172
2012	$212177 + $87365 $299542	$6074
2010	$208017 + $85652 $293669	$5801
2009	$206954 + $85214 $292168	$5706
2009	$206463 + $85012 $291475	$5706
2008	$202897 + $83544 $286441	$5606
2007	$198919 + $81906 $280825	$5433

+ Reveal Property Sale History

Listed 2024-05-17
$1350000
CRMLS

---

Listing removed 2015-10-25
$769000
CRMLS

---

Listed 2015-09-23
$769000
CRMLS

---

Sold 1988-11-07
$202770
Public Record

---

Sold 1981-05-04
$102000
Public Record

+ Commercial Info

Net Operating Income: 92567.00

+ Building and Construction

Total Square Feet Living: 3452
Year Built: 1956
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: FRONT
Property Age: 68
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Assessor

+ Utilities

Sewer: Sewer: Public Sewer
Water Source: Mutual Water Companies

+ Display Complete School Details

Davis Middle School is a public middle school located approximately 0.4 miles away.
Map directions

Dickison Elementary School is a public elementary and middle school located approximately 0.4 miles away.
Map directions

Compton High School is a public high school located approximately 0.4 miles away.
Map directions

Academie Authentique School is a private middle and high school located approximately 0.1 miles away.
Map directions

Academie Bien Cultive (ABC) is a private elementary, middle and high school located approximately 0.1 miles away.
Map directions