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10605 Compton Avenue, Los Angeles, California 90002, Los Angeles, 90002 - 1 bed, 1 bath

10605 Compton Avenue, Los Angeles, California 90002 home-pic-0
ACTIVE$360,000
10605 Compton Avenue, Los Angeles, California 90002
1Bed
1Bath
1,323Sqft
3,600Lot
Year Built
1913
Close
-
List price
$360K
Original List price
$360K
Price/Sqft
$272
HOA
-
Days on market
-
Sold On
-
MLS number
DW25222954
Home ConditionPoor
Features
View-

About this home

Possibly Over-Priced:The estimated price is 34% below the list price. We found 3 Cons,5 Pros. Rank: price - $360.0K(2th), sqft - 1323(69th), beds - 1(6th), baths - 1(47th).

SELLER WILL CARRY THE LOAN FOR 1 YEAR... Excellent opportunity to own a special-use commercial property with income-generating potential. Currently operating as an auto repair shop, this 1,323 sq ft warehouse sits on a 3,600 sq ft lot, offering exceptional flexibility for investors, mechanics, or entrepreneurs looking for a turnkey operation or customizable space. A spacious warehouse with high ceilings and open floor space for vehicle service or equipment storage. Generous parking space in the rear and interior, ideal for customer vehicles, work trucks, or additional storage Zoned for special commercial use, making it suitable for a variety of industrial, mechanical, or automotive businesses Potential for owner-occupancy, leasing, or expansion of services Whether you're an owner-operator seeking a functional workspace or an investor looking to capitalize on a steady revenue stream, this property delivers versatility and strong upside potential. Don’t miss out on this rare opportunity to acquire a prime warehouse in a high-demand commercial corridor. Seller will carry the loan for 1 year. 25% Down at 7% interest only. With a balloon payment at the end of the 1 year term. Buyer must be qualified with sellers loan officer.

Price History

Date
Event
Price
09/23/25
Listing
$360,000
04/24/18
Sold
$165,000
Condition Rating
Poor
Built in 1913, this property is over a century old and is explicitly described as a 'special-use commercial property' operating as an auto repair shop, despite being listed as 'Residential'. The images confirm its industrial nature, showing a utilitarian warehouse space with exposed structural elements, basic lighting, and no visible residential kitchen or modern bathroom facilities. The '1 bath' likely refers to a basic commercial restroom. For residential purposes, the property would require substantial repairs, rehabilitation, and a complete overhaul to meet modern living standards, including the installation of a proper kitchen and updated bathrooms. Its current condition is unsuited for comfortable residential living.
Pros & Cons

Pros

Seller Financing Available: The seller is offering to carry the loan for 1 year with specific terms (25% down, 7% interest-only), which can be a significant advantage for buyers seeking flexible financing options.
Commercial Zoning & Versatility: Zoned for special commercial use, the property offers exceptional flexibility for various industrial, mechanical, or automotive businesses, suitable for owner-occupancy, leasing, or expansion.
Income-Generating Potential: Currently operating as an auto repair shop, the property presents immediate income-generating potential for investors or owner-operators looking for a turnkey business opportunity.
Functional Warehouse Space: The property features a spacious 1,323 sq ft warehouse with high ceilings, open floor space, and generous interior and rear parking, ideal for vehicle service or equipment storage.
Strategic Commercial Corridor: Located in a 'high-demand commercial corridor' in Los Angeles, suggesting good visibility, accessibility, and potential for business growth.

Cons

Challenging Loan Terms: The seller financing requires a substantial 25% down payment, is interest-only, and culminates in a balloon payment after just one year, necessitating a clear refinancing or exit strategy for the buyer.
Property Age & Potential Maintenance: Built in 1913, the property is over a century old, which may imply significant deferred maintenance, outdated systems, or the need for substantial capital improvements not detailed in the listing.
Data Inconsistency (Residential Listing): Despite being described as a 'special-use commercial property' and warehouse, the listing data categorizes it as 'Residential' and 'Single Family Residence,' which could lead to confusion or misrepresentation regarding its true nature and use.

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