407 W Magnolia St, Compton, CA 90220

407 W Magnolia St, Compton, CA 90220

Compton, CA
$798,000

Property Description

We are pleased to present 407 W Magnolia St, Compton. Constructed in 1996, this duplex consists of (1) 3 bedroom – 1 bathroom front unit, and (1) 3 bedroom – 2 bathroom rear unit with an extra den for a total living area of 2,050 SF situated on a 5,991 SF lot. Both units have their own two car garage, washer/dryer hookups, and have been recently updated. This property is operating at a 5.2 Cap Rate on current income. Possible ADU potential, buyer to verify.

Property Features

  • Sale Price: $798,000
  • Area Size: 2,050 Sq. Ft.
  • Land Area: 5,991 Sq. Ft.
  • Year Built: 1996
  • Listing Date: 7/21/2022
  • Units: 2
  • Current GRM: 13.10
  • Current Cap Rate: 5.20%
  • Price Per Unit: $412,500
  • Market GRM: 11.46
  • Market Cap Rate: 6.26%
  • Current NOI: $ 42,881