7
See all 7 photos
$685,000
Est. payment /mo
5 Beds
3 Baths
2,097 SqFt
Active
332 W Laurel Compton, CA 90220
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Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,097 sqft
Price per Sqft $326
MLS Listing ID SR25109963
Bedrooms 5
Full Baths 3
Year Built 1938
Property Sub-Type Detached
Property Description
Huge price adjustment. Incredible investment opportunity! This is exceptional potential for builders and developers. Dont miss out on this one. An impressive 2097 sq.ft., two-story, 5-bedroom home sits on a large 7,784 sq.ft. flat 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
Zoning COR3*
Direction West Almond st. , South Olender Ave.
Interior
Cooling Other/Remarks
Fireplace No
Laundry Gas & Electric Dryer HU, Washer Hookup
Exterior
Garage Spaces 2.0
View Y/N Yes
Water Access Desc Public
View City Lights
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories 2
Others
Tax ID 6160004006
Special Listing Condition Standard
Listed by Alec Petrossian Alex Hartounian