332 W Laurel Street, Compton, CA 90220
-
Listed Price :
$729,000
-
Beds :
5
-
Baths :
3
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Property Size :
2,097 sqft
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Year Built :
1938
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!
Interior Features
| Laundry Information |
| Location(s) |
None |
| Bedroom Information |
| Bedrooms |
5 |
| Bathroom Information |
| Bathrooms |
3 |
| Interior Information |
| Cooling Type |
None |
| Heating Type |
Floor Furnace |
Listing Information
| Address |
332 W Laurel Street |
| City |
Compton |
| State |
CA |
| Zip |
90220 |
| County |
Los Angeles |
| Listing Agent |
Alec Petrossian DRE #01864433 |
| Courtesy Of |
Alex Hartounian |
| List Price |
$729,000 |
| Status |
Active |
| Type |
Residential |
| Subtype |
Single Family Residence |
| Structure Size |
2,097 |
| Lot Size |
7,784 |
| Year Built |
1938 |
Listing information courtesy of: Alec Petrossian, Alex Hartounian. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 15th, 2025 at 2:43 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
