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Listed by Alec Petrossian • Alex Hartounian
$ 689,000
Est. payment /mo
Active
332 W Laurel Compton, CA 90220
5 Beds
3 Baths
2,097 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,097 sqft
Price per Sqft $328
MLS Listing ID CRSR25109963
Bedrooms 5
Full Baths 3
Year Built 1938
Lot Size 7,784 Sqft
Property Sub-Type Single Family Home
Source California Regional MLS
Property Description
Hurry! Hurry! Incredible investment opportunity! This is exceptional potential for builders and developers. Don't miss out on this one. An impressive 2097 sq.ft., two-story, 5-bedroom home sits on a large 7,784 sq.ft. lot. The property provides flexibility for remodeling into a custom single-family residence or for future expansion, zoned RH-3 by the City of Compton. The property has strong potential for residential development, including multiple units and an ADU. The sellers have already completed the design, architectural, and engineering processes to divide the property into two units: a 3-bed, 2-bath unit downstairs and a 2-bed, 1-bath unit upstairs. The city has advised that it has approved the plans for such a conversion and that building permits are in Ready to Issue (RTI) status. With its prime RH-3 zoning and building permits reportedly in RTI status, it offers excellent investment potential. This property is being sold as-is, and the sellers intend to sell the property as part of a 1031 exchange.
Location
State CA
County Los Angeles
Area Rp - Compton S Of Rosecrans, E Of Central, W Of Ala
Zoning COR3*
Interior
Cooling Other
Fireplaces Type None
Laundry 30, 38
Exterior
Garage Spaces 2.0
Pool None
View City Lights
Building
Water District - Public
Others
Tax ID 6160004006
Special Listing Condition Not Applicable
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