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$729,000

Est. payment - /mo

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5 BD

3 BA

2,097 SqFt

New

332 W Laurel ST Compton, CA 90220

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Nick Ospina

nickospina.re@gmail.com +1(858) 228-0144

UPDATED:

02/15/2025 02:43 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,097 sqft

Price per Sqft $347

MLS Listing ID SR25030910

Bedrooms 5

Full Baths 3

HOA Y/N No

Year Built 1938

Lot Size 7,784 Sqft

Property Sub-Type Single Family Residence

Property 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!

Location

State CA

County Los Angeles

Area Rp - Compton S Of Rosecrans, E Of Central, W Of Ala

Zoning COR3*

Rooms

Main Level Bedrooms 2

Interior

Heating Floor Furnace

Cooling None

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Sidewalks

View Y/N Yes

View City Lights

Attached Garage Yes

Total Parking Spaces 2

Private Pool No

Building

Lot Description Back Yard, Front Yard

Dwelling Type House

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Schools

School District Compton Unified

Others

Senior Community No

Tax ID 6160004006

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

Listed by Alec Petrossian • Alex Hartounian • 818-613-5471

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Nick Ospina

Agent | License ID: 02062323

+1(858) 228-0144