Listing Agent: Alec Petrossian      Broker/Office: Alex Hartounian
332 Laurel W Compton CA 90220
$ 689,000
  5   |    3   |    2097 Sq Feet

Listing ID

#SR25109963

Status

Active

Property Type

Single Family Residence

County

Los Angeles

Year Built

1938

Days on website

2

Description
Hurry! Hurry! 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. 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.
Location
Financial Information
List Price:  $ 689000
Property Features
Community Features:  Sidewalks
High School District:  Los Angeles Unified
Levels:  Two
Senior Community YN:  false
Structure Type:  House
Water Source:  Public
High School District:  Los Angeles Unified
Senior Community YN:  false
MLS Area Major:  RP - Compton S of Rosecrans, E of Central,W of Ala
City:  Compton
Listed By:   Alec Petrossian   Alex Hartounian 
CA Lic#