109 W Glencoe, Compton, California 90220, Compton, 90220 - 3 bed, 2 bath
ACTIVE$759,999
109 W Glencoe, Compton, California 90220
3Beds
2Baths
1,512Sqft
7,149Lot
Price Vs. Estimate
The estimated value ($755,244.795) is $4,754.205 (0%) lower than the list price ($759,999). This property may be overpriced.
Key pros and cons
Top Pros:
Significant Income Potential: The property is explicitly designed for generating multiple income streams, featuring a thoughtfully divided third bedroom/bathroom with a separate entrance and a bonus structure with an additional bedroom and bathroom, offering potential for up to three rental units or an ADU setup.
Top Cons:
Age of Property: Built in 1961, the home is over 60 years old, which may suggest that major systems (e.g., plumbing, electrical, HVAC, roof) could be nearing the end of their lifespan and may require future investment for upgrades or replacement.
Compared to the nearby listings
Price:$760.0K vs avg $650.5K (+$109,499)89%
Size:1,512 sqft vs avg 1,169 sqft79%
Price/sqft:$503 vs avg $56438%
More Insights
Built in 1961 (64 years old).
Condition: Built in 1961, the property shows a mix of updates and original features. While some areas like the living room and certain bedrooms have newer laminate flooring and fresh paint, and the bonus structure boasts a modern, updated kitchen, the main kitchen is significantly outdated with tile countertops, tile backsplash, and older cabinets. The main bathroom is also dated but functional. The property is maintained but requires substantial updates to the main kitchen to align with current styles and standards, fitting the 'Fair' category of being aged but maintained with major components showing signs of being outdated.
Year Built
1961
Close
-
List price
$760K
Original List price
$760K
Price/Sqft
$503
HOA
-
Days on market
-
Sold On
-
MLS number
DW25239740
Home ConditionFair
Features
Patio
ViewNeighborhood
About this home
Welcome to this beautifully maintained 3-bedroom, 3-bath home! This property offers a flexible layout perfect for first-time homebuyers or savvy investors. The third bedroom and bathroom have been thoughtfully divided with a separate back entrance, creating potential for additional rental income or a private guest suite. In addition, there is a bonus structure at the rear featuring 1 bedroom and 1 bathroom, along with a spacious 2-car garage and a long driveway providing ample parking. Full of potential, this home can easily be converted into an ADU setup, offering the opportunity to generate up to three separate income streams each month. Don’t miss this versatile property with endless possibilities!
Price History
Date
Event
Price
04/17/18
Sold
$425,000
Condition Rating
Fair
Built in 1961, the property shows a mix of updates and original features. While some areas like the living room and certain bedrooms have newer laminate flooring and fresh paint, and the bonus structure boasts a modern, updated kitchen, the main kitchen is significantly outdated with tile countertops, tile backsplash, and older cabinets. The main bathroom is also dated but functional. The property is maintained but requires substantial updates to the main kitchen to align with current styles and standards, fitting the 'Fair' category of being aged but maintained with major components showing signs of being outdated.
Pros & Cons
Pros
Significant Income Potential: The property is explicitly designed for generating multiple income streams, featuring a thoughtfully divided third bedroom/bathroom with a separate entrance and a bonus structure with an additional bedroom and bathroom, offering potential for up to three rental units or an ADU setup.
Flexible Living Arrangements: Its versatile layout caters to a broad range of buyers, from first-time homebuyers seeking rental income to savvy investors or those needing multi-generational living solutions.
Ample Parking & Garage: A spacious 2-car garage combined with a long driveway provides substantial off-street parking, a highly desirable amenity in urban areas.
Well-Maintained Condition: Described as 'beautifully maintained,' indicating the property is in good condition and likely ready for immediate occupancy without significant upfront repairs.
Generous Lot Size: The 7,149 sqft lot offers ample outdoor space, providing opportunities for landscaping, recreation, or potential future expansion.
Cons
Age of Property: Built in 1961, the home is over 60 years old, which may suggest that major systems (e.g., plumbing, electrical, HVAC, roof) could be nearing the end of their lifespan and may require future investment for upgrades or replacement.
Location Perception: While Compton is undergoing revitalization, the city's historical perception might be a consideration for some potential buyers, potentially influencing market demand or resale value compared to adjacent communities.
Increased Management Complexity: The multi-unit configuration, while offering income potential, introduces greater complexity in terms of tenant management, property maintenance, and adherence to landlord-tenant regulations, especially for first-time landlords.