2623 E 127th, Compton, California 90222, Compton, 90222 - 2 bed, 1 bath
ACTIVE UNDER CONTRACT$250,000$764/sqft
Est. Value: $277,789
11%
BelowEstimate
2623 E 127th, Compton, California 90222
2Beds
1Bath
764Sqft
3,319Lot
Price Vs. Estimate
The estimated value ($277,789.065) is $27,789.065 (11%) higher than the list price ($250,000). This property may be underpriced.
Key pros and cons
Top Pros:
Attractive Price Point: Listed at $250,000, explicitly described as a 'low low price' and 'easy on your budget,' making it accessible for investors or budget-conscious buyers.
Top Cons:
Extensive Renovation Required: Explicitly described as a 'fixer upper,' indicating the need for significant financial and time investment to bring the property to a modern, livable standard.
Compared to the nearby listings
Price:$250.0K vs avg $600.0K ($-350,000)2%
Size:764 sqft vs avg 1,076 sqft20%
Price/sqft:$327 vs avg $5488%
More Insights
Built in 1924 (102 years old).
Condition: Built in 1924 and explicitly described as a 'fixer upper,' this property is in a state of significant disrepair. The kitchen features extensive peeling paint, exposed walls, dated tile flooring, and old appliances. The bathroom also shows peeling paint and visible signs of neglect. Throughout the home, there is widespread wear and tear, outdated finishes, visible wiring, and a general lack of maintenance. The exterior is also in poor condition. The property requires substantial repairs and rehabilitation, with likely defects affecting safety and soundness, making it uncomfortable to live in its current state.
Year Built
1924
Close
-
List price
$250K
Original List price
$250K
Price/Sqft
$327
HOA
-
Days on market
-
Sold On
-
MLS number
TR25279979
Home ConditionPoor
Features
Patio
View-
About this home
Probate Sale-Investor opportunity! Easy on your budget! This is a fixer upper 2-bedroom, 764 square foot home make it into something special. Easy access to downtown Los Angeles, freeways and shopping nearby. Take advantage of this low low price. This is a probate property but don't let this opportunity pass by you. Let me help you! call me today!
J
Jeffrey Milner
Listing Agent
Price History
Date
Event
Price
09/07/72
Sold
$1,500
Condition Rating
Poor
Built in 1924 and explicitly described as a 'fixer upper,' this property is in a state of significant disrepair. The kitchen features extensive peeling paint, exposed walls, dated tile flooring, and old appliances. The bathroom also shows peeling paint and visible signs of neglect. Throughout the home, there is widespread wear and tear, outdated finishes, visible wiring, and a general lack of maintenance. The exterior is also in poor condition. The property requires substantial repairs and rehabilitation, with likely defects affecting safety and soundness, making it uncomfortable to live in its current state.
Pros & Cons
Pros
Attractive Price Point: Listed at $250,000, explicitly described as a 'low low price' and 'easy on your budget,' making it accessible for investors or budget-conscious buyers.
Investor Opportunity: Clearly marketed as an 'Investor opportunity' due to its fixer-upper status and probate sale nature, indicating potential for significant return on investment after renovation.
Probate Sale Advantage: Probate sales often present opportunities for buyers to acquire properties at competitive prices, especially for those willing to navigate the process and invest in a renovation.
Convenient Location: Offers 'Easy access to downtown Los Angeles, freeways and shopping nearby,' providing desirable connectivity and access to urban amenities.
Value-Add Potential: As a 'fixer upper,' the property offers substantial potential for customization, modernization, and increasing its market value through strategic renovations.
Cons
Extensive Renovation Required: Explicitly described as a 'fixer upper,' indicating the need for significant financial and time investment to bring the property to a modern, livable standard.
Limited Living Space: With only 764 square feet and 2 bedrooms, the property offers very compact living quarters, which may not meet the needs of many potential buyers or families.
Advanced Age of Property: Built in 1924, the home is nearly a century old, likely implying outdated infrastructure, systems, and potential for unforeseen maintenance issues typical of older constructions.