201 W Raymond Street, Compton, California 90220, Compton, 90220 - 5 bed, 3 bath
ACTIVE$899,000
201 W Raymond Street, Compton, California 90220
5Beds
3Baths
1,997Sqft
7,486Lot
Year Built
1929
Close
-
List price
$899K
Original List price
$899K
Price/Sqft
$450
HOA
-
Days on market
-
Sold On
-
MLS number
CV25040328
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $899.0K(64th), sqft - 1997(45th), beds - 5(91th), baths - 3(91th).
Owner occupant + income producing, multigenerational or investment property to offset the mortgage payment. These may be delivered vacant.For now, 3 fully rented units in close proximity to everything! In times when it is difficult to come across investment property you are invited to entertain these three units with ample parking. 201, 201 1/2, 203 W Raymond St. Two separate buildings 2 bedrooms / 1 bath rent collected $1,900, 2 bedrooms / 1 bath rent collected $1,900 and a 1 bedroom / 1 bath rent collected $1,200. Seller has prepared for the sale and he is ready to go!!!
Price History
Date
Event
Price
02/24/25
Listing
$899,000
10/23/03
Sold
$275,000
02/11/03
Sold
$230,500
11/07/97
Sold
$158,000
Condition Rating
Fair
Built in 1929, this property is aged but appears to be maintained and functional, as evidenced by its current rental status. However, the interior, particularly the kitchen and bathrooms, shows significant signs of being outdated. The kitchen features painted cabinets with visible wear, basic countertops, and older tile flooring. Bathrooms have dated vanities and tile work (likely 15-30 years old). The presence of portable AC units suggests a lack of central cooling. While livable, it requires substantial cosmetic updates to meet modern standards, aligning with the 'Fair' condition criteria of being aged, maintained through regular upkeep, but with major components showing signs of being outdated.
Pros & Cons
Pros
Robust Income Stream: Currently generating $5,000/month from three fully rented units, offering immediate and substantial cash flow for investors or owner-occupants.
Versatile Investment Opportunity: Ideal for owner-occupants seeking to offset mortgage payments, multi-generational families, or pure investors, broadening its market appeal.
Desirable Triplex Configuration: A rare and highly sought-after multi-unit property type, providing diversified rental income and potential for higher returns.
Ample Parking Availability: A significant practical advantage for a multi-unit property, enhancing tenant convenience and overall property desirability.
Strategic Location for Renters: Described as 'in close proximity to everything,' suggesting convenience for tenants regarding amenities, transportation, and services.
Cons
Advanced Age of Property: Built in 1929, the property is likely to require significant capital expenditures for updating major systems (plumbing, electrical, HVAC) and addressing potential deferred maintenance.
Potential for Renovation Costs: Given its age and status as a rental property, a new owner should anticipate substantial renovation and upgrade costs to modernize units and maximize rental income.
Lack of Desirable Views: The property explicitly states 'view: None,' which may be a minor detractor for some buyers seeking aesthetic appeal or premium features.