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338 W Magnolia St 4 Unit Apartment Building $1,223,671 CAD ($305,918 CAD/Unit) 4.18% Cap Rate Compton, CA 90220
Investment Highlights
- Attractive Single-Story Layout
- Enclosed Parking & Garage
- Nearby Retail Amenities Include Target, Home Depot & ALDI
- Private Fenced Common Area
- Substantial Rental Upside
Executive Summary
Morgan Skenderian Investment Real Estate Group is 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.
THE SELLER CAN PROBABLY ARRANGE TO DELIVER ONE UNIT VACANT BY 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.
THE SELLER CAN PROBABLY ARRANGE TO DELIVER ONE UNIT VACANT BY 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.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$95,159
|
$40.32
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,855
|
$1.21
|
| Effective Gross Income |
$92,304
|
$39.11
|
| Taxes |
$20,971
|
$8.89
|
| Operating Expenses |
$20,137
|
$8.53
|
| Total Expenses |
$41,107
|
$17.42
|
| Net Operating Income |
$51,197
|
$21.69
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $95,159 |
| Annual Per SF | $40.32 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $2,855 |
| Annual Per SF | $1.21 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $92,304 |
| Annual Per SF | $39.11 |
| Taxes (CAD) | |
|---|---|
| Annual | $20,971 |
| Annual Per SF | $8.89 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $20,137 |
| Annual Per SF | $8.53 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $41,107 |
| Annual Per SF | $17.42 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $51,197 |
| Annual Per SF | $21.69 |
Property Facts
| Price | $1,223,671 CAD | Apartment Style | Garden |
| Price Per Unit | $305,918 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 4.18% | Building Size | 2,360 SF |
| Gross Rent Multiplier | 12.86 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1939 |
| Property Subtype | Apartment |
| Price | $1,223,671 CAD |
| Price Per Unit | $305,918 CAD |
| Sale Type | Investment |
| Cap Rate | 4.18% |
| Gross Rent Multiplier | 12.86 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 2,360 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1939 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,982 CAD | - |
1 1
Walk Score®
Very Walkable (85)
Property Taxes
| Parcel Number | 6157-017-020 | Total Assessment | $1,215,644 CAD (2025) |
| Land Assessment | $773,592 CAD (2025) | Annual Taxes | $20,971 CAD ($8.89 CAD/SF) |
| Improvements Assessment | $442,052 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
6157-017-020
Land Assessment
$773,592 CAD (2025)
Improvements Assessment
$442,052 CAD (2025)
Total Assessment
$1,215,644 CAD (2025)
Annual Taxes
$20,971 CAD ($8.89 CAD/SF)
Tax Year
2024
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338 W Magnolia St
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