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332 W Laurel, Compton, California 90220, Compton, 90220 - 5 bed, 3 bath

332 W Laurel, Compton, California 90220 home-pic-0
ACTIVE$649,000
332 W Laurel, Compton, California 90220
5Beds
3Baths
2,097Sqft
7,784Lot
Year Built
1938
Close
-
List price
$649K
Original List price
$689K
Price/Sqft
$309
HOA
-
Days on market
-
Sold On
-
MLS number
SR25109963
Home ConditionPoor
Features
Good View: City Lights
Deck
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $649.0K(48th), sqft - 2097(96th), beds - 5(92th), baths - 3(85th).

Huge price adjustment. Rare fixer opportunity in Inglewood! Your dream home, your way. An impressive 2097 sq.ft., two-story, 5-bedroom home sits on a large 7,784 sq.ft. flat lot. The property provides flexibility for remodeling into a custom single-family residence or, for future expansion, zoned RH-3 by the City of Compton. The property has strong potential for residential development, including multiple units and an ADU. The sellers have already completed the design, architectural, and engineering processes to divide the property into two units: a 3-bed, 2-bath unit downstairs and a 2-bed, 1-bath unit upstairs. The city has advised that it has approved the plans for such a conversion and that building permits are in Ready to Issue (RTI) status. With its prime RH-3 zoning and building permits reportedly in RTI status, it offers excellent investment potential. This property is being sold as-is, and the sellers intend to sell the property as part of a 1031 exchange. Don’t miss out on this one.

Price History

Date
Event
Price
08/03/25
$649,000
05/16/25
$689,000
07/16/21
Sold
$476,000
Condition Rating
Poor
Built in 1938, this property is explicitly marketed as a 'fixer opportunity' and is being sold 'as-is.' The images confirm a severely outdated interior with an old-style chandelier, worn tile flooring, and a kitchen featuring very old, worn cabinets. The exterior also shows signs of deferred maintenance. There is no evidence of recent renovations, and the description implies the need for substantial rehabilitation, including potential conversion into multiple units, which typically necessitates major structural and system overhauls. This aligns with the 'Poor' condition criteria, indicating significant defects and the need for extensive repairs and rehabilitation.
Pros & Cons

Pros

Development Potential & Zoning: The property boasts RH-3 zoning by the City of Compton, offering strong potential for residential development, including multiple units and an ADU, making it highly attractive for investors.
Approved Plans (RTI Status): Sellers have completed design, architectural, and engineering processes for a 2-unit conversion (3-bed/2-bath downstairs, 2-bed/1-bath upstairs), with city approval and building permits in Ready to Issue (RTI) status, significantly de-risking and accelerating future development.
Large Flat Lot: Situated on an impressive 7,784 sq.ft. flat lot, providing ample space for the existing structure and future expansion or additional units.
Substantial Property Size: The existing 2097 sq.ft., 5-bedroom home offers a large footprint, providing a solid foundation for the planned conversion or a spacious single-family residence.
Recent Price Adjustment: A 'huge price adjustment' has been made, indicating increased value and a more attractive entry point for potential buyers and investors.

Cons

Fixer Opportunity & As-Is Condition: Explicitly marketed as a 'rare fixer opportunity' and 'sold as-is,' indicating the property requires significant renovation, repairs, and investment from the buyer.
Age of Property: Built in 1938, the property is likely to have outdated systems, infrastructure, and general wear and tear, necessitating comprehensive upgrades beyond the planned conversion.
Required Investment & Project Management: While plans are approved, the actual conversion into two units will require substantial financial investment and active project management from the buyer to realize its full potential.

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