2424 E Stockwell Street, Compton, California 90222, Compton, 90222 - 1 bed, 1 bath
ACTIVE$299,000
2424 E Stockwell Street, Compton, California 90222
1Bed
1Bath
360Sqft
2,222Lot
Year Built
1930
Close
-
List price
$299K
Original List price
$299K
Price/Sqft
$831
HOA
-
Days on market
-
Sold On
-
MLS number
PW25021219
Home ConditionTear down
Features
Patio
View-
About this home
Possibly Over-Priced:The estimated price is 12% below the list price. We found 3 Cons,5 Pros. Rank: price - $299.0K(2th), sqft - 360(2th), beds - 1(7th), baths - 1(50th).
Centrally locate din the heart of Compton, property needs full rehab. Perfect for Investor or someone to build a house of their liking.
Price History
Date
Event
Price
01/29/25
Listing
$299,000
Condition Rating
Tear down
The property, built in 1930, is explicitly described as needing a 'full rehab' and is marketed for an investor 'to build a house of their liking.' The images confirm extreme disrepair throughout, including severely damaged flooring, exposed wiring, peeling paint, and a completely non-functional, dilapidated kitchen with no visible appliances and a worn wooden countertop. The overall condition suggests the structure is beyond economical repair and its value lies primarily in the land for redevelopment, aligning perfectly with the 'tear-down' criteria.
Pros & Cons
Pros
Prime Location: The property is 'Centrally located in the heart of Compton,' offering convenient access to local amenities and potential for appreciation.
Investor Opportunity: Explicitly marketed as 'Perfect for Investor,' this property presents a clear value-add proposition for those looking to capitalize on renovation.
Customization Potential: The need for a 'full rehab' allows a buyer 'to build a house of their liking,' providing a unique opportunity for complete customization and modern upgrades.
Accessible Price Point: With a list price of $299,000 for a single-family residence in Southern California, it offers a relatively accessible entry point for investors or owner-occupants willing to undertake a project.
Redevelopment Potential: The lot size of 2222 sqft, significantly larger than the 360 sqft structure, provides ample space for expansion or a complete rebuild, maximizing future value.
Cons
Extensive Renovation Required: The property 'needs full rehab,' indicating a significant financial investment and time commitment will be necessary for repairs and upgrades to make it habitable and marketable.
Extremely Small Living Space: With only 360 sqft, the current structure offers very limited living area, which is a major drawback for most buyers and will likely necessitate expansion.
Age and Condition: Built in 1930, the home is likely to have outdated systems, potential structural issues, and may require costly remediation for lead paint or asbestos, increasing renovation complexity and cost.