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3704 E Iva Street, Compton, California 90221, Compton, 90221 - 2 bed, 1 bath

3704 E Iva Street, Compton, California 90221 home-pic-0
ACTIVE$650,000
3704 E Iva Street, Compton, California 90221
2Beds
1Bath
991Sqft
4,327Lot
Year Built
1940
Close
-
List price
$650K
Original List price
$650K
Price/Sqft
$656
HOA
-
Days on market
-
Sold On
-
MLS number
DW25077861
Home ConditionFair
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 36% below the list price. We found 3 Cons,5 Pros. Rank: price - $650.0K(59th), sqft - 991(26th), beds - 2(36th), baths - 1(48th).

COZY AND UPDATED 2-BEDROOM HOME-MOVE-IN READY... Step into comfort with this beautifully updated 2-bedroom, 1 bath home, perfect for anyone looking for a move-in-ready space. Recent remodeling brings a fresh touch to the kitchen and bathroom, blending modern finishes with classic charm. The layout is functional and welcoming, ideal for small families, couples. or anyone looking to downsize without sacrificing style. Enjoy a peaceful neighborhood setting just minutes from shopping, dinning and schools. There re additional, non-permitted rooms located at the rear of the property, with access through the garage. These spaces offer great potential for a rental unit or guest suite-perfect for families looking to generate additional income (Buyer to verify use and permits.)

Price History

Date
Event
Price
03/02/21
Sold
$470,000
08/27/01
Sold
$116,000
Condition Rating
Fair
The property, built in 1940, is described as 'move-in ready' with 'recent remodeling' in the kitchen and bathroom, and images show updated flooring and a modern mini-split AC unit in one interior room. However, the exterior photos reveal unfinished stucco/paintwork, indicating deferred maintenance or incomplete renovations. Crucially, the listing mentions 'additional, non-permitted rooms,' which represents a significant legal and potential structural issue for a buyer to resolve. While some cosmetic updates are present, the property's age, visible exterior condition, and the non-permitted additions prevent it from achieving a 'good' score, placing it in the 'fair' category due to required repairs and updates beyond minor cosmetic fixes.
Pros & Cons

Pros

Move-in Ready Condition: The property is explicitly described as 'move-in ready' with recent remodeling in the kitchen and bathroom, offering modern finishes and classic charm.
Income/ADU Potential: Additional, non-permitted rooms at the rear of the property offer significant potential for a rental unit or guest suite, providing a valuable income-generating opportunity.
Desirable Neighborhood Location: The home is situated in a peaceful neighborhood setting, conveniently located just minutes from shopping, dining, and schools.
Functional Layout: The layout is described as functional and welcoming, making it ideal for small families, couples, or those looking to downsize.
Updated Key Areas: The kitchen and bathroom have been recently remodeled, providing updated aesthetics and functionality in two of the most important areas of a home.

Cons

Significant Overpricing: The current list price of $650,000 is substantially higher than the estimated property value of $412,982.09, suggesting a potential overvaluation compared to market data.
Non-Permitted Additions: The presence of 'additional, non-permitted rooms' creates a legal and financial risk, requiring the buyer to verify use and permits, which could lead to additional costs or compliance issues.
Older Core Structure: Built in 1940, the property's age implies potential for underlying infrastructure components (e.g., plumbing, electrical, foundation) that may not have been fully updated despite cosmetic remodels, potentially leading to future maintenance needs.

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