For sale
  • Listing Provided by: 

    Alec Petrossian DRE #01864433 818-613-5471,

    Alex Hartounian

    Price cut: $36K (7/26)
    $649,000

    332 W Laurel St, Compton, CA 90220

    5beds
    2,097sqft
    : 
    Single Family Residence
    Built in 1938
    7,784 Square Feet Lot
    $658,200 Zestimate®
    $309/sqft
    $-- HOA

    What's special

    Future expansion
    Huge price adjustment. Incredible investment opportunity! This is exceptional potential for builders and developers. Don’t miss out on this one. 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.
    67 days
    on Zillow
    |
    1,499
    |
    91
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