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4810 E San Luis Street, Compton, California 90221, Compton, 90221 - 3 bed, 1 bath

4810 E San Luis Street, Compton, California 90221 home-pic-0
ACTIVE UNDER CONTRACT$629,000
4810 E San Luis Street, Compton, California 90221
3Beds
1Bath
1,017Sqft
5,434Lot
Year Built
1947
Close
-
List price
$629K
Original List price
$649K
Price/Sqft
$618
HOA
-
Days on market
-
Sold On
-
MLS number
MB25068389
Home ConditionFair
Features
Good View: City Lights
Patio
ViewCity Lights

About this home

Possibly Over-Priced:The estimated price is 34% below the list price. We found 3 Cons,5 Pros. Rank: price - $629.0K(50th), sqft - 1017(28th), beds - 3(50th), baths - 1(48th).

**Welcome Home, First-Time Buyers!**Discover this charming 3-bedroom, 1-bath home perfectly situated in Compton, CA. Step into a spacious living room illuminated by an abundance of windows, filling your home with warm, natural sunlight—ideal for enjoying spring and summer sunsets. The home boasts stylish laminate flooring throughout, offering durability and a modern look. The inviting kitchen comes equipped with ample cabinetry, providing plenty of storage and space for all your cooking needs. An exceptional bonus feature of this property is the additional living structure, ideal for use as an Accessory Dwelling Unit (ADU) for potential rental income, making this not just a home, but a smart investment. Conveniently located near shopping centers and offering easy access to major freeways like the 710 and 105, this property simplifies your daily commute and enhances your living experience. Priced competitively, this wonderful home won't be on the market for long. Stop paying rent and start building equity today!

Condition Rating
Fair
Built in 1947, the property shows a mix of updates and original/older features. The main house kitchen has dated wood cabinets, basic countertops, and mixed appliances, indicating it has not been extensively renovated recently. While the bathroom appears updated with a modern vanity and fixtures, and laminate flooring is present throughout, the overall condition, especially the kitchen, suggests the home is aged but maintained through regular upkeep and occasional updates rather than a comprehensive recent renovation. The description does not mention updates to major systems (HVAC, electrical, plumbing) for the main house, which is common for a property of this age.
Pros & Cons

Pros

ADU Potential: The property features an additional living structure, ideal for use as an Accessory Dwelling Unit (ADU), offering significant potential for rental income or multi-generational living.
Strategic Location: Conveniently located near shopping centers and offers easy access to major freeways (710 and 105), enhancing daily commute and accessibility.
Natural Light & Modern Flooring: The spacious living room is filled with abundant natural sunlight, complemented by stylish and durable laminate flooring throughout the home.
Desirable View: The property boasts a desirable 'City Lights' view, adding to its aesthetic appeal and potential value.
First-Time Buyer Appeal: Marketed as an ideal opportunity for first-time buyers to build equity, appealing to a broad segment of the market.

Cons

Significant Overpricing: The current list price of $629,000 is substantially higher than the property's estimated value of $414,470 and comparable sales, indicating it may be overpriced for its condition and market.
Single Bathroom: A 3-bedroom home with only one bathroom can be a functional limitation and a significant deterrent for families or multiple occupants, especially compared to properties with more bathrooms in a similar price range.
Age & Limited Comprehensive Updates: Built in 1947, and while laminate flooring is mentioned, the description does not highlight comprehensive modern renovations (e.g., HVAC, electrical, plumbing, windows) that many buyers expect at this price point, suggesting potential for future investment in major systems.

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