338 W Magnolia Street, Compton, California 90220, Compton, 90220 - bed, bath
ACTIVE$895,000
338 W Magnolia Street, Compton, California 90220
0Bed
0Bath
2,360Sqft
7,203Lot
Year Built
1939
Close
-
List price
$895K
Original List price
$895K
Price/Sqft
$379
HOA
-
Days on market
-
Sold On
-
MLS number
PW25274705
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $895.0K(64th), sqft - 2360(50th), beds - undefined(50th), baths - undefined(50th).
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. 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.
Price History
Date
Event
Price
12/12/25
Listing
$895,000
03/22/22
Sold
$825,000
09/19/11
Sold
$235,000
08/01/06
Sold
$600,000
01/08/03
Sold
$261,500
12/07/01
Sold
$245,000
02/22/01
Sold
$140,000
Condition Rating
Poor
The property was built in 1939, making it 85 years old. The listing's own analysis highlights 'aging infrastructure,' 'deferred maintenance,' and 'potential for outdated systems' (e.g., plumbing, electrical). While the exterior appears maintained, the significant age and explicit weaknesses, coupled with the absence of interior photos to show any recent renovations, strongly suggest that substantial repairs and rehabilitation are required, particularly for major systems and interior components like kitchens and bathrooms, to bring the property up to modern standards.
Pros & Cons
Pros
Income-Generating Fourplex: The property is a fourplex, offering multiple rental units and a direct investment opportunity with diversified revenue streams.
Strong Rental Market: Located in Compton, a market characterized by high rental demand, extremely low vacancy rates, and the significant advantage of no municipal rent control.
Strategic Location: Centrally located with convenient access to major employment centers and close proximity to essential retail amenities like Target, ALDI, and Home Depot, enhancing tenant appeal.
Desirable Unit Features: The property benefits from a desirable single-story layout for its units and includes private garden areas, which are attractive amenities for residents.
Generous Lot Size: With a 7,203 sqft lot, the property offers ample outdoor space, potentially providing additional tenant amenities or future development flexibility.
Cons
Property Age: Built in 1939, the property is 85 years old, suggesting potential for aging infrastructure, deferred maintenance, and higher capital expenditure requirements for updates.
Lack of Unit-Specific Details: The description lacks specific information regarding the number of bedrooms/bathrooms per unit, current rental income, or interior conditions, which are crucial for a comprehensive financial analysis.
Potential for Outdated Systems: Given its age, the property likely features older building systems (e.g., plumbing, electrical) and may lack modern amenities expected by today's tenants, potentially requiring significant upgrades.