214 E Johnson Street, Compton, California 90220, Compton, 90220 - bed, bath
ACTIVE UNDER CONTRACT$880,000
214 E Johnson Street, Compton, California 90220
0Bed
0Bath
2,523Sqft
8,628Lot
Year Built
1950
Close
-
List price
$880K
Original List price
$880K
Price/Sqft
$349
HOA
-
Days on market
-
Sold On
-
MLS number
DW24185414
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $880.0K(64th), sqft - 2523(50th), beds - undefined(50th), baths - undefined(50th).
Great income property in the City Compton! Property has a total of 6 spacious bedrooms (2 per unit), 3 bath, parking garage, heating, and overall a comfortable living for all tenants for years to come. This property has been well maintained, plenty of parking, and each unit has their own garage. The property is close schools, shopping, and entertainment. Home is in a prime location as 91, 710, and 105 freeways are easily accessed from property. Do not miss your opportunity!
Price History
Date
Event
Price
09/06/24
Listing
$880,000
06/26/20
Sold
$699,000
09/23/08
Sold
$379,000
Condition Rating
Fair
Built in 1950, the property is aged but described as 'well maintained' and offering 'comfortable living.' The exterior images show an older structure with visible signs of age, such as a cracked driveway, older windows, and a window AC unit, indicating a lack of central cooling. While functional, the property clearly shows signs of being outdated and would benefit from minor updates and system modernizations, particularly in the absence of a central cooling system. There's no evidence of recent extensive renovations to elevate it to 'Good' or 'Excellent' status, nor is it in a state of disrepair warranting a 'Poor' rating.
Pros & Cons
Pros
Strong Income Potential: As a triplex, the property is designed for multiple rental streams, offering significant income generation for investors.
Strategic Location & Accessibility: Situated close to schools, shopping, entertainment, and major freeways (91, 710, 105), ensuring high tenant demand and convenience.
Well-Maintained Condition: The property is described as 'well maintained,' suggesting reduced immediate capital expenditures for a new owner.
Ample Parking & Individual Garages: Each unit benefits from its own garage, complemented by additional parking, a highly desirable amenity for tenants.
Spacious Living Units: With 6 spacious bedrooms (2 per unit), the property offers comfortable living spaces, appealing to a broad tenant base.
Cons
Property Age: Built in 1950, the property's age may imply potential for older infrastructure or systems requiring future maintenance or upgrades.
Active Under Contract Status: Currently 'Active Under Contract,' limiting immediate purchase opportunities for new prospective buyers unless the existing deal falls through.
Absence of Cooling System: While heating is mentioned, the description does not specify a cooling system, which could be a drawback for tenants during warmer months in California.