2133 E Lucien Street, Compton, California 90222, Compton, 90222 - 5 bed, 2 bath
ACTIVE$739,900
2133 E Lucien Street, Compton, California 90222
5Beds
2Baths
1,044Sqft
4,936Lot
Price Vs. Estimate
The estimated value ($644,666.87) is $95,233.13 (12%) lower than the list price ($739,900). This property may be overpriced.
Key pros and cons
Top Pros:
Multi-Unit Income Potential: The property features two separate units on one lot, offering a strong investment opportunity for rental income or a flexible live-in-one, rent-the-other arrangement.
Top Cons:
Limited Access for Showings: The property is tenant-occupied, and showings are subject to interior inspection, which can complicate the viewing process and due diligence for potential buyers.
Compared to the nearby listings
Price:$739.9K vs avg $615.0K (+$124,900)81%
Size:1,044 sqft vs avg 1,092 sqft44%
Price/sqft:$709 vs avg $53080%
More Insights
Built in 1957 (68 years old).
Condition: The property was built in 1957, making it 67 years old. While the listing mentions recent exterior paint, a new roof, and new windows, these are primarily exterior updates. The interior features 'Tile and Laminate Flooring,' 'Wall Furnace,' and 'Window AC,' which suggest functional but outdated systems and finishes. Without interior photos, especially of the kitchen and bathrooms, it's difficult to assess their specific condition and style. However, given the age of the property and the focus on it being a 'Rental Opportunity' with 'Long Term Tenants,' it's highly probable that the kitchen and bathrooms are functional but likely outdated, requiring minor updates or cosmetic repairs to meet current aesthetic standards. The heating/cooling systems are also not modern central units. This aligns with the 'Fair' category, indicating an aged but maintained home where major components are functional but show signs of being outdated.
Year Built
1957
Close
-
List price
$740K
Original List price
$740K
Price/Sqft
$709
HOA
-
Days on market
-
Sold On
-
MLS number
PW25139880
Home ConditionFair
Features
View-
About this home
Investment Rental Opportunity, This Property Offers 2 Separate Units 2 on a Lot. This Property Offers 2 Separate Units. Front House features 3 Bedrooms, 1 Bathroom, Tile and Laminate Flooring, Wall Furnace and 1 Car Garage. The ADU - 714 sqft. Offers 2 Bedrooms, 1 Bath, Tile Flooring, Wall Furnace. ( Total 5 bedrooms, 2 baths). Recent Exterior Paint, New Roof, New Windows, Ceiling Fans, Window AC. The property can be your next Rental Income or Live in One and Lease the other. Tenant Occupied, Showing Subject to Interior Inspection. Long Term Tenants. Inquire about Loan Programs with Seller Concessions, ITIN as low as 3.5%. Thank you!
Price History
Date
Event
Price
02/24/21
Sold
$450,000
03/21/14
Sold
$285,000
10/03/13
Sold
$190,000
Condition Rating
Fair
The property was built in 1957, making it 67 years old. While the listing mentions recent exterior paint, a new roof, and new windows, these are primarily exterior updates. The interior features 'Tile and Laminate Flooring,' 'Wall Furnace,' and 'Window AC,' which suggest functional but outdated systems and finishes. Without interior photos, especially of the kitchen and bathrooms, it's difficult to assess their specific condition and style. However, given the age of the property and the focus on it being a 'Rental Opportunity' with 'Long Term Tenants,' it's highly probable that the kitchen and bathrooms are functional but likely outdated, requiring minor updates or cosmetic repairs to meet current aesthetic standards. The heating/cooling systems are also not modern central units. This aligns with the 'Fair' category, indicating an aged but maintained home where major components are functional but show signs of being outdated.
Pros & Cons
Pros
Multi-Unit Income Potential: The property features two separate units on one lot, offering a strong investment opportunity for rental income or a flexible live-in-one, rent-the-other arrangement.
Recent Capital Improvements: Significant upgrades including recent exterior paint, a new roof, and new windows have been completed, reducing immediate maintenance and capital expenditure for the new owner.
Established Rental Income: Currently tenant-occupied with long-term tenants, providing immediate and stable rental income for investors without the need to find new occupants.
Flexible Financing Options: The listing highlights available loan programs with seller concessions and ITIN options, potentially broadening the buyer pool and making financing more accessible.
Individual Unit Amenities: Each unit is equipped with a wall furnace, and the ADU includes window AC and tile flooring, providing basic comfort and durable finishes for tenants.
Cons
Limited Access for Showings: The property is tenant-occupied, and showings are subject to interior inspection, which can complicate the viewing process and due diligence for potential buyers.
Lack of Central Air Conditioning: Only window AC is mentioned for the ADU, implying neither unit has central air conditioning, which could be a significant comfort drawback in warmer months.
Compact Living Spaces: With a total of 1044 sqft for 5 bedrooms and 2 bathrooms across two units, the individual living spaces are likely quite compact, potentially limiting appeal to buyers seeking more spacious homes.