205 W Raymond Street, Compton, California 90220, Compton, 90220 - bed, bath
ACTIVE$850,000
205 W Raymond Street, Compton, California 90220
0Bed
0Bath
1,344Sqft
7,484Lot
Year Built
1921
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
$632
HOA
-
Days on market
-
Sold On
-
MLS number
DW25103590
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $850.0K(50th), sqft - 1344(9th), beds - undefined(50th), baths - undefined(50th).
Two separate houses in a lot, large driveway. Front house 3 bedrooms 2 baths, Back house 2 Bedrooms 1 bath. Both are Tenant occupied. Large drive way and large back yard can accomodate more than 6 cars. Laundry Room Area for tenants. Garage is converted without permits. Close to shopping Centers and close to the City Hall and Police Department.
Price History
Date
Event
Price
12/19/18
Sold
$400,000
Condition Rating
Poor
Built in 1921, this property is over 100 years old. The listing explicitly notes its 'Advanced Age' and 'outdated infrastructure,' indicating a need for 'significant capital expenditures.' The exterior image shows an older, un-renovated facade, and the absence of interior photos strongly suggests that the kitchens, bathrooms, and other internal components are severely dated and require substantial rehabilitation. Furthermore, the unpermitted garage conversion points to potential structural or code compliance issues. This property requires extensive repairs and updates to meet modern living standards.
Pros & Cons
Pros
Income-Generating Duplex: The property features two separate tenant-occupied units (3 bed/2 bath and 2 bed/1 bath), providing immediate and diversified rental income as a residential income property.
Generous Lot Size: A substantial 7,484 sqft lot offers significant outdoor space, potential for future expansion, or enhanced tenant amenities.
Ample Parking: The large driveway and backyard can accommodate over 6 cars, a valuable asset for multi-unit properties and tenant convenience in an urban setting.
Strategic Location: Proximity to shopping centers, City Hall, and the Police Department enhances convenience, accessibility, and potentially perceived safety for residents.
Established Rental Income: Both units are currently tenant-occupied, ensuring immediate cash flow and reducing vacancy risk for a new owner.
Cons
Unpermitted Garage Conversion: The garage has been converted without permits, posing a legal and financial risk that may require costly remediation, impact financing, or future resale value.
Advanced Age of Property: Built in 1921, the property is over a century old, suggesting potential for outdated infrastructure, higher maintenance requirements, and the need for significant capital expenditures for upgrades.
Compact Living Spaces: With a total of 1,344 sqft distributed across two units (3 bed/2 bath and 2 bed/1 bath), the individual living spaces are relatively small, which could limit tenant appeal or rental income potential.