332 W Laurel Street
Compton, CA 90220
2097 sqft | 5 beds | 3 baths | 0.18 acres | #SR25030910
Description
This impressive 2097 sq.ft., two-story, 5-bedroom home sits on a large 7,784 sq.ft. 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.
This is exceptional potential for builders and developers. Don’t miss out on this opportunity!
Property Details
- Property SubtypeSingleFamilyResidence
- Lot DescriptionBackYard, FrontYard
- School DistrictCompton Unified
- Sewer InformationPublicSewer
- CountyLos Angeles
- ViewCityLights
- MLS #SR25030910
- MLS #SR25030910
- Property TypePurchase
- Original List Price$729,000
- Acres0.1787
- Utility SourcePublic
- Cost729000
- Structure TypeHouse
- Square Feet2097
- Year Built1938
- Bedrooms5
- Bathrooms3
- Full Baths3
- Stories2
- Parking Spaces2
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Alec Petrossian (#SR157522073)
Listing Office: Alex Hartounian (#SR0250900)
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