2401 E Hatchway Street, Compton, California 90222, Compton, 90222 - bed, bath
ACTIVE$599,000
2401 E Hatchway Street, Compton, California 90222
0Bed
0Bath
1,128Sqft
2,497Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Asset: As a duplex, this property offers two distinct units, providing excellent potential for dual rental income streams or an owner-occupant to live in one unit and rent out the other, significantly offsetting housing costs.
Top Cons:
Advanced Age & Potential for Extensive Renovation: Constructed in 1929, the property is very old, suggesting the likelihood of outdated systems (plumbing, electrical, HVAC) and significant deferred maintenance, which will require substantial capital investment for modernization and repairs to meet current standards and maximize rental income.
Compared to the nearby listings
Price:$599.0K vs avg $720.0K ($-121,000)25%
Size:1,128 sqft vs avg 1,250 sqft25%
Price/sqft:$531 vs avg $54650%
More Insights
Built in 1929 (96 years old).
Condition: Built in 1929, this property is 95 years old and shows significant signs of age and neglect. The images reveal a highly outdated kitchen with old cabinets and countertops, and a bathroom with very dated fixtures, both requiring complete renovation. The exterior features chain-link fencing and tarps, indicating deferred maintenance and a lack of curb appeal. Overall, the property requires substantial repairs and rehabilitation, including likely extensive system replacements (electrical, plumbing, HVAC) to meet modern standards and comfort, aligning with the 'Poor' condition criteria.
Year Built
1929
Close
-
List price
$599K
Original List price
$599K
Price/Sqft
$531
HOA
-
Days on market
-
Sold On
-
MLS number
OC25053683
Home ConditionPoor
Features
View-
About this home
Condition Rating
Poor
Built in 1929, this property is 95 years old and shows significant signs of age and neglect. The images reveal a highly outdated kitchen with old cabinets and countertops, and a bathroom with very dated fixtures, both requiring complete renovation. The exterior features chain-link fencing and tarps, indicating deferred maintenance and a lack of curb appeal. Overall, the property requires substantial repairs and rehabilitation, including likely extensive system replacements (electrical, plumbing, HVAC) to meet modern standards and comfort, aligning with the 'Poor' condition criteria.
Pros & Cons
Pros
Income-Generating Asset: As a duplex, this property offers two distinct units, providing excellent potential for dual rental income streams or an owner-occupant to live in one unit and rent out the other, significantly offsetting housing costs.
Strategic Southern California Location: Located in Compton, the property benefits from its position within the expansive Los Angeles County market, offering a relatively accessible entry point for multi-unit investment compared to more expensive adjacent cities, with ongoing community development.
Competitive Price Point for Duplex: Priced at $599,000, this duplex presents a competitive and attractive investment opportunity for a two-unit property in the Southern California market, appealing to both first-time investors and seasoned landlords.
Investment & Value-Add Potential: The property's type (Residential Income/Duplex) inherently offers strong investment potential for cash flow and long-term appreciation, with significant opportunities for value enhancement through strategic renovations and updates.
Historical Character: Built in 1929, the property possesses a unique historical charm and architectural character that can appeal to buyers seeking a home with distinct personality and a sense of history, differentiating it from newer constructions.
Cons
Advanced Age & Potential for Extensive Renovation: Constructed in 1929, the property is very old, suggesting the likelihood of outdated systems (plumbing, electrical, HVAC) and significant deferred maintenance, which will require substantial capital investment for modernization and repairs to meet current standards and maximize rental income.
Limited Lot Size: With a lot size of only 2497 sqft, the property offers minimal outdoor space, potentially limiting amenities like private yards, ample parking, or future expansion possibilities, which could be a drawback for some tenants or buyers.
Neighborhood Perception: While Compton is undergoing revitalization, historical perceptions of the area can still influence buyer interest and property values, potentially affecting marketability and the speed of appreciation compared to other, more established submarkets.