338 W Magnolia Street, Compton, California 90220, Compton, 90220 - bed, bath
338 W Magnolia Street
Compton, California 90220
Property Price
SUMMARY
Analysis of 338 W Magnolia Street, Compton, California 90220 is currently available with a list price of $895,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Compton Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
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Without interior photos, it's highly probable that kitchens, bathrooms, and other interior components are significantly outdated and would require substantial updates to meet current market expectations, aligning with the 'aged but maintained' and 'major components are functional but show signs of being outdated' criteria for a 'Fair' rating.
PROSSTRENGTHS & OPPORTUNITIES
- Strong Rental Market
Compton boasts a strong rental market with high demand exceeding supply, resulting in extremely low vacancy rates, ensuring consistent occupancy for the property.
- No Municipal Rent Control
The absence of municipal rent control in Compton provides landlords with greater flexibility in adjusting rental rates, optimizing potential income.
- Desirable Property Features & Amenities
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.
CONSRISKS & DEFICIENCIES
- Age of Property
Built in 1939, the property's age suggests potential for outdated systems, higher maintenance costs, and the need for significant capital expenditures in the near future.
- Aggressive Pricing Relative to Recent Sale
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.
- Implied Need for Unit Upgrades/Maintenance
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.
About 338 W Magnolia Street
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.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1939
- Lot Size
- 7,203 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,360 | 2,360 | 50% |
| Lot Size | 7,203 | 4,996 | 86% |
| Price | $895.0K | $800.0K | 86% |
| Price per sq ft | $379 | $322 | 57% |
| Built year | 1939 | 1939 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 84 | 218 | 14% |
Pricing History
Listed for Sale
Dec 12, 2025
$895,000
Initial Listing
Sold
Mar 22, 2022
$825,000
Public Record
Sold
Sep 19, 2011
$235,000
Public Record
Sold
Aug 1, 2006
$600,000
Public Record
Sold
Jan 8, 2003
$261,500
Public Record
Sold
Dec 7, 2001
$245,000
Public Record
Sold
Feb 22, 2001
$140,000
Public Record