8-Unit Apartment
For Sale
$1,650,000
329 W Magnolia St, Compton, CA 90220
Four one-bedroom and four two-bedroom units are paired with on-site parking for each residence.
Property Size7,132 SF
Lot Size0.16 Acres
Days on Market150
Property Features for 329 W Magnolia St
General Information
Standard status
Active
Size
7,132 SF
Lot size
0.16 Acres
Property subtype
Multifamily
Units
Unit Mix
4 x 1BR, 4 x 2BR
Multifamily Units
8
Additional Details
Cap Rate
6.7%
Amenities
The property is well managed by the current ownership and produces a healthy 6.70% cap rate
The property provides dedicated parking for every unit, offering convenience and strong tenant appeal
Located in close proximity to Downtown Compton, Compton Airport, grocery stores, gyms, and a wide range of employment opportunities throughout Compton and Southeast LA County
The property is being offered with a seller financing option, providing buyers with the ability to secure favorable terms for acquiring the asset
An on-site leasing office provides a more straightforward opportunity for conversion into a revenue-generating unit or storage, offering immediate upside through repurposing existing space –Buyer to verify
New ownership may add detached Accessory Dwelling Units (ADUs) on excess land, creating additional income and long-term appreciation potential –Buyer to verify
Building Details
Building Size
7,132 SF
Units
8
Listing Agency:
Los Angeles Office
(213) 943-1897
Listed By:
Sean Rosenzweig · License #CA: 01406343
(213) 943-1897
Source:
Marcusmillichap
Added: Apr 3
Changed: Aug 29
Last Checked: Aug 29 at 5:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Los Angeles Office
Investment Insights
Based on property information with market context.
Located at 329 W Magnolia Street in Downtown Compton, this apartment property contains eight residences arranged as four one-bedroom units and four two-bedroom units. The property occupies a 7,132-square-foot parcel and provides on-site parking for every unit. Additional space is present on the site that may support ADU development, subject to buyer verification.
The property is west of Alameda Street and south of Rosecrans Avenue, with the Compton Courthouse and Compton Airport nearby. Local retail and dining options are also in the surrounding area, while the Downtown Compton setting provides access to nearby employment centers. Interior renovations are identified as a potential path for future improvements.
The property is west of Alameda Street and south of Rosecrans Avenue, with the Compton Courthouse and Compton Airport nearby. Local retail and dining options are also in the surrounding area, while the Downtown Compton setting provides access to nearby employment centers. Interior renovations are identified as a potential path for future improvements.
Key Highlights
- Eight‑unit apartment property with four one‑bedroom and four two‑bedroom units
- 7,132‑square‑foot parcel in Downtown Compton
- On‑site parking provided for every unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$114,760
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,295,200
$2.3M
Cap Rate 7%
$1,639,429
$1.6M
Cap Rate 9%
$1,275,111
$1.3M
Market Conditions
NOI Build-Up for 7,132 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$226.8K $31.80/SF
− Vacancy
−$18.1K −$2.54/SF
EGI
$208.7K $29.26/SF
− OpEx
−$93.9K −$13.17/SF
NOI
$114.8K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,295,200
Cap Rate 7%
$1,639,429
Cap Rate 9%
$1,275,111
Alternative Uses
Best Use
Apartment 5plus
$1.64M
$1.43M – $1.91M
NOI $114,760 @ 7.0% cap · market cap 6.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.82M
$3.34M – $4.45M
NOI $267,291 @ 7.0% cap · market cap 16.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,286
Businesses Nearby
Explore this area
Business Placement
Demographics for 90220, CA
50,412
Population
14,067
Households
3.6
Avg Household Size
33
Median Age
13%
College-Educated
68%
High-School Grad
6.9 sq mi
ZIP Area
7,306
Density / Sq Mi
$77,535
Median Household Income
$36,074
Median Earnings
$1,557
Median Rent
$514,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Four one-bedroom and four two-bedroom units are paired with on-site parking for each residence.
Where is this apartment building located?
The property is located at 329 W Magnolia St Compton, CA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Eight‑unit apartment property with four one‑bedroom and four two‑bedroom units; 7,132‑square‑foot parcel in Downtown Compton; On‑site parking provided for every unit
