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905 N Hickory Avenue, Compton, California 90220, Compton, 90220 - bed, bath

905 N Hickory Avenue, Compton, California 90220 home-pic-0
ACTIVE$960,000
905 N Hickory Avenue, Compton, California 90220
0Bed
0Bath
2,396Sqft
13,723Lot
Year Built
1959
Close
-
List price
$960K
Original List price
$1.1M
Price/Sqft
$401
HOA
-
Days on market
-
Sold On
-
MLS number
PW23164614
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $960.0K(73th), sqft - 2396(50th), beds - undefined(50th), baths - undefined(50th).

This 3 Unit Multi-Residential Property Features a Front Single Family House with 4 Bedrooms, 2 Bathrooms, a Detached 2 Car Garage with its own separate Driveway Entrance. The Rear 2 Units are Detached from the front house and also have their Separate Driveway. The Rear 2 Units Feature 1 Bedroom 1 Bath Each in addition there are 2 One Car attached Garages for each unit. All 3 Units Sit on a Huge 13,723 Square Foot Lot .32 Acres. The Property is Multi-Family Residential but is Zoned CORM. Check with the City of Compton to confirm Current Zoning. The property has ample Parking. The rents appear to be below market. Potential Buyers May Increase the Rent in compliance with the governing Laws. Information is Deemed reliable. Agents to do your due diligence to confirm accuracy of information. Compton is known for its revitalization, Public Transportation, Schools, Shops, Restaurants and much more. Don't Let This Great Opportunity Pass You By!!!

Condition Rating
Poor
Built in 1959, this property is 65 years old with no indication of recent major renovations. The MLS listing explicitly notes the 'Age of Construction (1959)' as a weakness, implying 'the need for significant capital expenditures for system upgrades, deferred maintenance, or cosmetic renovations.' While no interior photos are provided, the age and the stated need for substantial upgrades strongly suggest that kitchens, bathrooms, and other major systems are outdated and require significant rehabilitation to meet current standards and maximize rental potential. The exterior appears aged but not dilapidated, however, the overall condition points to substantial deferred maintenance and necessary capital improvements.
Pros & Cons

Pros

Diversified Income Stream: As a triplex featuring a 4-bedroom front house and two 1-bedroom rear units, the property offers a diversified and robust income stream, appealing to a wide range of tenants.
Significant Value-Add Potential: The current rents are explicitly noted as being below market, presenting a clear opportunity for a new owner to increase rental income and boost the property's overall cash flow and return on investment.
Expansive Lot & Abundant Parking: Situated on a large 13,723 sqft lot, the property boasts ample parking with separate driveways and multiple garages, enhancing tenant convenience and offering potential for future expansion or accessory dwelling units (ADUs).
Strategic Location in Revitalizing Compton: Located in Compton, an area undergoing revitalization with improving public transportation, schools, and amenities, the property benefits from a growing demand and increasing desirability for both residents and investors.
Favorable Multi-Family Zoning (CORM): Zoned CORM (Commercial/Residential Mixed), this property offers flexibility and potential for future development or alternative uses beyond standard residential, subject to city verification, which could enhance long-term value.

Cons

Prolonged Market Exposure & Price Adjustment: The property has been on the market since September 2023 and has undergone a substantial price reduction, suggesting potential challenges in market appeal or an initial overvaluation.
Age of Construction (1959): Built in 1959, the property is over six decades old, which may imply the need for significant capital expenditures for system upgrades, deferred maintenance, or cosmetic renovations to maximize rental potential.
Zoning Verification Contingency: The listing explicitly requires buyers to verify the CORM zoning with the City of Compton, introducing a due diligence contingency that could uncover unforeseen restrictions or limitations.

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