ACTIVE$1,199,990

322 W Palm Street A, B, C

0Bed

0Bath

3,567Sqft

7,778Lot

Year Built

1913

List price

$1.2M

Original List price

$1.2M

Price/Sqft

$336

HOA

Days on market

Sold On

MLS number

SB24246940

Home ConditionFair

Features

Patio

View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.20M(91th), sqft - 3567(73th), beds - undefined(50th), baths - undefined(50th).

Attention future investors, 9 bedrooms & 4 baths! Great opportunity to own this well maintained triplex located just west of the Compton Courthouse. The original SFR craftsman style home, Unit "A" is a bright 3 bedroom, 1 bath house originally built in 1913 & was remodeled in 2006. The front unit has an enclosed front yard. Also in 2006, a 2 story building was added with two additional units and three 2-car garages. The middle unit "B" is a 3 bedroom, 1 bath unit located on the upper level. The rear unit "C" is a townhouse style unit with 3 bedrooms, 1.5 bath. Each unit comes with its own 2-car garage with laundry hookups for washer and dryer. There's easy access to public library, city services, Post office, public transportation & freeways.

Condition Rating

Fair

The property consists of an original 1913 structure remodeled in 2006, and new units added in 2006. While the exterior appears well-maintained, the 2006 renovation and construction date means that interior components, particularly kitchens and bathrooms, are now 18 years old. Without interior images, it's reasonable to assume these areas, along with appliances, light fixtures, and flooring, likely show signs of being outdated in style and may require minor updates or cosmetic renovations to meet current aesthetic standards, even if functional. This aligns with the 'Fair' criteria of being renovated between 15 to 30 years ago and showing signs of being outdated.

Pros & Cons

Pros

Income-Generating Triplex: The property is a well-maintained triplex, explicitly designed as a residential income property, offering multiple rental streams from three distinct units.

Significant Renovation & Expansion: The original 1913 home was remodeled in 2006, and a new two-story building with two additional units and three 2-car garages was added in the same year, enhancing its modernity and capacity.

Dedicated Parking & Laundry: Each of the three units benefits from its own 2-car garage, providing ample parking, and includes laundry hookups, a highly desirable amenity for tenants.

High Unit Count & Configuration: With a total of 9 bedrooms and 4 bathrooms across the three units (3/1, 3/1, 3/1.5), the property offers versatile rental options and maximizes potential occupancy.

Strategic Location & Accessibility: Located just west of the Compton Courthouse, the property offers easy access to public services, transportation, and freeways, enhancing tenant convenience and appeal.

Cons

Age of Original Structure: Despite a 2006 remodel, the original Unit 'A' was built in 1913, which may imply potential for older underlying infrastructure or systems that could require future maintenance.

Lack of Specific Views: The property description indicates no notable views, which could be a drawback for tenants or buyers prioritizing scenic surroundings.

Potential for Inconsistent Unit Quality: With units built/remodeled at different times (1913 original, 2006 addition), there might be inconsistencies in finishes, age of appliances, or overall condition across the three units.

About this home

Pros

Cons

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322 W Palm Street A, B, C, Compton, 90220 - bed, bath

About this home

Pros

Cons

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI