301 W Magnolia Street, Compton, California 90220, Compton, 90220 - bed, bath
ACTIVE$849,999
301 W Magnolia Street, Compton, California 90220
0Bed
0Bath
3,184Sqft
5,946Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Asset: This quadruplex offers a significant opportunity for residential income, featuring four units (two 1-bed/1-bath and two 2-bed/1-bath) providing diversified rental potential.
Top Cons:
Property Age: Built in 1952, the property's age suggests potential for older infrastructure (e.g., plumbing, electrical) that may require future upgrades not explicitly mentioned.
Compared to the nearby listings
Price:$850.0K vs avg $850.0K (+$0)50%
Size:3,184 sqft vs avg 2,670 sqft64%
Price/sqft:$267 vs avg $3229%
More Insights
Built in 1952 (73 years old).
Condition: Built in 1952, this property has received recent exterior updates including fresh paint, new garage doors, and a new garage roof. The interiors feature laminate flooring and tile in kitchens and bathrooms, indicating some level of renovation. However, the images reveal that the kitchens and bathrooms are significantly dated in style, featuring older cabinets, laminate countertops, and basic fixtures and appliances, suggesting these renovations occurred 15-30 years ago rather than recently. The presence of multiple window AC units also indicates a lack of central HVAC, which is an outdated cooling system. While maintained, the property requires substantial updates to its interior aesthetics and major systems to meet current quality standards.
Year Built
1952
Close
-
List price
$850K
Original List price
$1,000K
Price/Sqft
$267
HOA
-
Days on market
-
Sold On
-
MLS number
DW25145219
Home ConditionFair
Features
View-
About this home
GREAT OPPORTUNITY TO OWN 4 UNITS IN THE CITY OF COMPTON! TWO 1 BEDROOM 1 BATH AND TWO 2 BEDROOM 1 BATH. EACH UNIT HAS LAMINATE FLOORS, TILE IN KITCHEN AND BATHROOMS. EACH UNIT HAS INDIVIDUAL GARAGE. 4 CAR GARAGE WITH NEW DOORS, GARAGE HAS NEW ROOF, BUILDING FRESHLY PAINTED, CLOSE TO COMPTON COURTHOUSE, CITY HALL, CITY LIBRARY, POST OFFICE, METRO, SCHOOLS, SHOPPING.
Price History
Date
Event
Price
09/04/15
Sold
$500,000
09/16/13
Sold
$399,000
05/14/10
Sold
$300,000
06/01/07
Sold
$625,000
02/15/06
Sold
$25,000
08/12/03
Sold
$303,000
Condition Rating
Fair
Built in 1952, this property has received recent exterior updates including fresh paint, new garage doors, and a new garage roof. The interiors feature laminate flooring and tile in kitchens and bathrooms, indicating some level of renovation. However, the images reveal that the kitchens and bathrooms are significantly dated in style, featuring older cabinets, laminate countertops, and basic fixtures and appliances, suggesting these renovations occurred 15-30 years ago rather than recently. The presence of multiple window AC units also indicates a lack of central HVAC, which is an outdated cooling system. While maintained, the property requires substantial updates to its interior aesthetics and major systems to meet current quality standards.
Pros & Cons
Pros
Income-Generating Asset: This quadruplex offers a significant opportunity for residential income, featuring four units (two 1-bed/1-bath and two 2-bed/1-bath) providing diversified rental potential.
Recent Exterior Upgrades: The property benefits from recent exterior improvements including new garage doors, a new garage roof, and a freshly painted building, reducing immediate capital expenditure for the buyer.
Individual Garages: Each unit is equipped with its own individual garage, a highly desirable amenity for tenants providing secure parking and additional storage.
Strategic Location: The property boasts a prime location close to essential amenities such as Compton Courthouse, City Hall, City Library, Post Office, Metro, schools, and shopping, enhancing tenant appeal.
Modern Interior Finishes: Units feature laminate flooring and tile in kitchens and bathrooms, offering durable and aesthetically pleasing finishes that are easy to maintain.
Cons
Property Age: Built in 1952, the property's age suggests potential for older infrastructure (e.g., plumbing, electrical) that may require future upgrades not explicitly mentioned.
Significant Price Reductions: Multiple price drops from the original list price of $999,999 to $849,999 may indicate initial overpricing or challenges in attracting buyers, potentially signaling market resistance.
Lack of HVAC Information: The description does not specify the presence or condition of heating and cooling systems, which could be a concern for tenant comfort and a potential future investment for the owner.