338 W Magnolia Street, Compton, California 90220, Compton, 90220 - 0 bed, 0 bath
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Compton, California 90220
This Value-Add Residential Income Quadruplex is listed at $895,000, representing a strategic acquisition in a high-demand market with No Municipal Rent Control. While the list price is positioned above the $753,802 Fair Market Value, the property offers significant forced appreciation potential through interior upgrades to its 1939-built units. Currently holding a Fair Condition Rating, the asset features a desirable single-story layout and private gardens near major retail hubs. With the ability to deliver a vacant unit at close, this is a prime opportunity for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 338 W Magnolia Street Subject | $895,000* List Price | 0 | 0 | 2,360 | $319 | - |
A 510 S Tamarind Sold | $890,000 | 0 | 0 | 2,401 | $371 | 0.5 mi |
B 125 W Tichenor Street Sold | $800,000 | 0 | 0 | 2,490 | $321 | 0.8 mi |
C 426 W Laurel Street Pending | $670,000 List Price | 0 | 0 | 2,158 | $310 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1939, this property shows its age with visible wear on exterior elements like steps and windows, and older exposed electrical systems. The listing description and property analysis explicitly mention the age and an 'implied need for unit upgrades/maintenance,' suggesting that while the property is functional, it has not undergone recent extensive renovations. Without interior photos, it's highly probable that kitchens, bathrooms, and other interior components are significantly outdated and would require substantial updates to meet current market expectations, aligning with the 'aged but maintained' and 'major components are functional but show signs of being outdated' criteria for a 'Fair' rating.
Compton boasts a strong rental market with high demand exceeding supply, resulting in extremely low vacancy rates, ensuring consistent occupancy for the property.
The absence of municipal rent control in Compton provides landlords with greater flexibility in adjusting rental rates, optimizing potential income.
The property offers a desirable single-story layout, private garden area, and is conveniently located near major retail amenities like Target, ALDI, and Home Depot, enhancing tenant appeal.
Built in 1939, the property's age suggests potential for outdated systems, higher maintenance costs, and the need for significant capital expenditures in the near future.
The current list price of $895,000 is notably higher than the last sale price of $825,000 in March 2022, which may indicate an aggressive valuation or limited immediate equity for a new buyer.
Given the property's age and lack of specific mention of recent renovations in the description, there's an implied need for potential unit upgrades and deferred maintenance, which could impact immediate cash flow and require additional investment.
Pleased to present a fourplex in the strong rental market of Compton. The new owners will benefit from the desirable single story layout, private garden area and close proximity to retail amenities such as Target, ALDI and Home Depot. SELLER CAN PROBABLY DELIVER ONE OF THE APARTMENT UNITS VACANT AT CLOSE OF ESCROW. Compton is an excellent rental market for apartment owners with NO MUNICIPAL RENT CONTROL. Rental demand exceeds supply, resulting in extremely low vacancy rates. The property is centrally located, giving residents convenient access to major employment centers.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,360 | 2,175 | 50% |
| Lot Size | 7,203 | 6,251 | 75% |
| Price | $895.0K | $767.5K | 88% |
| Price per sq ft | $379 | $375 | 50% |
| Built year | 1939 | 1946 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 131 | 177 | 50% |
Dec 12, 2025
$895,000
Initial Listing
Mar 22, 2022
$825,000
Public Record
Sep 19, 2011
$235,000
Public Record
Aug 1, 2006
$600,000
Public Record
Jan 8, 2003
$261,500
Public Record
Dec 7, 2001
$245,000
Public Record
Feb 22, 2001
$140,000
Public Record