234 E Raymond Street, Compton, California 90220, Compton, 90220 - bed, bath
ACTIVE$939,900
234 E Raymond Street, Compton, California 90220
0Bed
0Bath
2,190Sqft
9,314Lot
Year Built
1930
Close
-
List price
$940K
Original List price
$998K
Price/Sqft
$429
HOA
-
Days on market
-
Sold On
-
MLS number
DW24171889
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $939.9K(73th), sqft - 2190(50th), beds - undefined(50th), baths - undefined(50th).
Investment opportunity in the City of Compton: This property features 3 Units: One house (2 bedroom, 1 bath) and a Duplex (1 bedroom, 1 bath each one). Additional property highlights include onsite parking, proximity to schools and shopping centers, easy access to public transportation, and major highways, and a significant rental income potential. This property is perfect for investors seeking a steady income stream or families looking to live in the growing community of Compton. Don't miss the opportunity to buy this profitable property.
Price History
Date
Event
Price
12/08/17
Sold
$516,000
11/06/01
Sold
$154,000
07/02/97
Sold
$50,000
Condition Rating
Fair
Built in 1930, this property is significantly aged. While one bathroom has been recently and tastefully renovated with modern fixtures, flooring, and lighting, there are no images of the kitchen, which is a critical component for assessing overall condition. The exterior appears maintained, and the property is marketed as an income opportunity, suggesting it's functional. However, the advanced age of the property (nearly a century old) implies that many systems and other areas likely remain outdated or will require substantial updates and maintenance, aligning with the 'Fair' condition criteria of being aged but maintained through regular upkeep and occasional updates, with major components showing signs of being outdated.
Pros & Cons
Pros
Multi-Unit Income Potential: The property features three distinct units (a 2-bedroom house and two 1-bedroom duplex units), providing diversified rental income streams and higher overall revenue potential.
Strong Investment Opportunity: Explicitly marketed for investors, offering significant rental income potential and a steady income stream, supported by historical property appreciation.
Excellent Accessibility & Amenities: Strategically located with easy access to schools, shopping centers, public transportation, and major highways, enhancing tenant desirability and convenience.
Onsite Parking: The availability of onsite parking is a valuable amenity for a multi-unit property, improving tenant satisfaction and property appeal.
Generous Lot Size: A substantial 9,314 sqft lot provides ample space for the existing units and potential for future enhancements or outdoor living areas.
Cons
Advanced Property Age: Built in 1930, the property is nearly a century old, suggesting potential for outdated systems, deferred maintenance, and higher capital expenditure for renovations or repairs.
Lack of Scenic Views: The property does not offer any specific desirable views, which might limit its appeal to certain tenants or buyers seeking aesthetic advantages.
Location Perception & Market Risk: While in a 'growing community,' Compton's historical market perception may influence tenant demographics, property valuation, and potential for future appreciation compared to other areas.