15118 S Frailey Avenue, Compton, California 90221, Compton, 90221 - 2 bed, 1 bath
ACTIVE$745,000
15118 S Frailey Avenue, Compton, California 90221
2Beds
1Bath
935Sqft
4,965Lot
Year Built
1960
Close
-
List price
$745K
Original List price
$745K
Price/Sqft
$797
HOA
-
Days on market
-
Sold On
-
MLS number
WS25024574
Home ConditionPoor
Features
View-
About this home
Possibly Over-Priced:The estimated price is 39% below the list price. We found 3 Cons,5 Pros. Rank: price - $745.0K(87th), sqft - 935(20th), beds - 2(36th), baths - 1(48th).
Great investment opportunity, additional house built in the back. non permitted. current tenant occupied. Possible Adu can be built. Additional Parking available for 2 cars in the back. Fireplace in the back house. Only noting sq ft per assessor's buyer to verify additional. Front house is in process of renovation. Due to the renovation not complete seller is flexible.
Condition Rating
Poor
The property, built in 1960, is explicitly stated to be 'in process of renovation' and 'not complete' for the front house, indicating it is not move-in ready and requires substantial work to finish. Furthermore, there is a 'non permitted' additional house in the back, which presents significant legal and potential structural issues. The single exterior image shows an older home with security bars, not reflecting modern updates. Without any interior images or details on the kitchen and bathrooms, and given the incomplete renovation, it's highly probable these key areas are either unfinished, outdated, or in need of significant repair, making the property uncomfortable or unsafe to live in its current state.
Pros & Cons
Pros
Investment Opportunity: The property is explicitly marketed as a 'Great investment opportunity,' suggesting potential for appreciation or rental income.
Income-Generating Unit: An 'additional house built in the back' is 'current tenant occupied,' providing immediate rental income for the buyer.
ADU Potential: The presence of an existing 'additional house' and the note 'Possible Adu can be built' indicates strong potential for future Accessory Dwelling Unit development or expansion.
Additional Parking: The property offers 'Additional Parking available for 2 cars in the back,' a valuable amenity in many urban areas.
Seller Flexibility: The seller is 'flexible' due to the 'renovation not complete,' which may open opportunities for negotiation on price or terms.
Cons
Non-Permitted Structure: The 'additional house built in the back' is 'non permitted,' posing significant legal, financial, and compliance risks for the buyer, potentially requiring costly legalization or removal.
Incomplete Renovation: The 'Front house is in process of renovation' and 'not complete,' meaning the buyer will need to invest additional time and capital to finish the work.
Significant Valuation Discrepancy: The list price of $745,000 is substantially higher than the estimated property value of $448,181.05 (a -39% estimation ratio), suggesting the property may be significantly overpriced relative to market expectations.