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10605 Compton Avenue, Los Angeles, California 90002, Los Angeles, 90002 - 1 bed, 1 bath

10605 Compton Avenue, Los Angeles, California 90002 home-pic-0
ACTIVE$375,000
10605 Compton Avenue, Los Angeles, California 90002
1Bed
1Bath
1,323Sqft
3,600Lot

Price Vs. Estimate

The estimated value ($240,148.615) is $134,851.385 (35%) lower than the list price ($375,000). This property may be overpriced.

Key pros and cons

Top Pros:
Commercial Zoning & Versatility: Zoned for special commercial use, making it suitable for a variety of industrial, mechanical, or automotive businesses, offering exceptional flexibility for investors or owner-operators.
Top Cons:
Property Type Discrepancy: The MLS listing classifies the property as 'Residential' and 'Single Family Residence' despite the description clearly stating it's a 'special-use commercial property' and warehouse, which could lead to financing or zoning complications.

Compared to the nearby listings

Price:$375.0K vs avg $590.0K ($-215,000)2%
Size:1,323 sqft vs avg 1,055.5 sqft71%
Price/sqft:$283 vs avg $5327%

More Insights

Built in 1913 (112 years old).
Condition: This property, built in 1913, is over 110 years old with no visible signs of recent major renovations. While described as a 'turnkey' auto repair shop, its condition is utilitarian and dated. There is no residential-style kitchen, and any bathroom would be basic and old. The exposed structural elements and general appearance suggest that major systems (electrical, plumbing, roof) are likely original or very old, requiring substantial repairs and rehabilitation to meet modern standards or for any alternative use. The property's age and lack of updates place it firmly in the 'Poor' category, despite its current commercial functionality.
Year Built
1913
Close
-
List price
$375K
Original List price
$375K
Price/Sqft
$283
HOA
-
Days on market
-
Sold On
-
MLS number
DW25177061
Home ConditionPoor
Features
View-

About this home

Excellent opportunity to own a special-use commercial property with income-generating potential. Currently operating as an auto repair shop, this 1,323 sq ft warehouse sits on a 3,600 sq ft lot, offering exceptional flexibility for investors, mechanics, or entrepreneurs looking for a turnkey operation or customizable space. A spacious warehouse with high ceilings and open floor space for vehicle service or equipment storage Generous parking space in the rear and interior, ideal for customer vehicles, work trucks, or additional storage Zoned for special commercial use, making it suitable for a variety of industrial, mechanical, or automotive businesses Potential for owner-occupancy, leasing, or expansion of services Whether you're an owner-operator seeking a functional workspace or an investor looking to capitalize on a steady revenue stream, this property delivers versatility and strong upside potential. Don’t miss out on this rare opportunity to acquire a prime warehouse in a high-demand commercial corridor.

Price History

Date
Event
Price
04/24/18
Sold
$165,000
Condition Rating
Poor
This property, built in 1913, is over 110 years old with no visible signs of recent major renovations. While described as a 'turnkey' auto repair shop, its condition is utilitarian and dated. There is no residential-style kitchen, and any bathroom would be basic and old. The exposed structural elements and general appearance suggest that major systems (electrical, plumbing, roof) are likely original or very old, requiring substantial repairs and rehabilitation to meet modern standards or for any alternative use. The property's age and lack of updates place it firmly in the 'Poor' category, despite its current commercial functionality.
Pros & Cons

Pros

Commercial Zoning & Versatility: Zoned for special commercial use, making it suitable for a variety of industrial, mechanical, or automotive businesses, offering exceptional flexibility for investors or owner-operators.
Income-Generating Potential: Presented as an excellent opportunity with income-generating potential, currently operating as an auto repair shop, and offering a steady revenue stream.
Turnkey Operation: Currently operating as an auto repair shop, this property offers a turnkey solution for mechanics or entrepreneurs seeking an immediate functional workspace.
Ample Parking: Features generous parking space in the rear and interior, ideal for customer vehicles, work trucks, or additional storage, which is valuable for commercial operations.
Strategic Location: Described as a prime warehouse in a high-demand commercial corridor, suggesting good visibility and accessibility for business operations.

Cons

Property Type Discrepancy: The MLS listing classifies the property as 'Residential' and 'Single Family Residence' despite the description clearly stating it's a 'special-use commercial property' and warehouse, which could lead to financing or zoning complications.
Age of Property: Built in 1913, the property is over a century old, indicating potential for significant deferred maintenance, outdated infrastructure, and higher costs for renovations or system upgrades to meet modern commercial standards.
Potential Environmental Concerns: As a property currently operating as an auto repair shop, there is an inherent risk of soil contamination or hazardous waste issues, which could necessitate costly environmental assessments and remediation.

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