2623 E 127th Street, Compton, California 90222, Compton, 90222 - 2 bed, 1 bath
ACTIVE$360,000$764/sqft
Est. Value: $247,600
-31%
AboveEstimate
2623 E 127th Street, Compton, California 90222
2Beds
1Bath
764Sqft
3,319Lot
Price Vs. Estimate
The estimated value ($247,600.335) is $112,399.665 (31%) lower than the list price ($360,000). This property may be overpriced.
Key pros and cons
Top Pros:
Investment/Renovation Potential: Explicitly marketed as a 'Fixer' and 'Investor opportunity,' this property allows for significant value addition through renovation and customization.
Top Cons:
Extensive Renovation Required: Explicitly described as a 'Fixer,' the property requires substantial work and investment beyond cosmetic updates, limiting the buyer pool.
Compared to the nearby listings
Price:$360.0K vs avg $600.0K ($-240,000)4%
Size:764 sqft vs avg 1,076 sqft20%
Price/sqft:$471 vs avg $54833%
More Insights
Built in 1924 (102 years old).
Condition: This property, built in 1924, is explicitly marketed as a 'Fixer' and requires 'Extensive Renovation,' indicating substantial repairs and rehabilitation are needed. The exterior images show significant deferred maintenance, including a worn roof, siding, and general neglect. Given its age and the lack of any mentioned recent renovations, it's highly probable that major systems (plumbing, electrical, HVAC) and key areas like the kitchen and bathroom are outdated, non-functional, or in need of complete replacement. The property is not move-in ready and would require significant investment to be safe and comfortable.
Year Built
1924
Close
-
List price
$360K
Original List price
$360K
Price/Sqft
$471
HOA
-
Days on market
-
Sold On
-
MLS number
TR25063326
Home ConditionPoor
Features
View-
About this home
Probate Sale-Investor Fixer-or First-time buyer opportunity! WOW! look at that great price! This is a Fixer 2-bedroom, 1 bathroom, 764 square foot home you could make it into something special. Easy access to downtown Los Angeles, freeways and shopping, take advantage of this price! Because this is a probate property don't let this opportunity pass you by probate is easier than you think, let me help! Call me today!
J
Jeffrey Milner
Listing Agent
Price History
Date
Event
Price
09/07/72
Sold
$1,500
Condition Rating
Poor
This property, built in 1924, is explicitly marketed as a 'Fixer' and requires 'Extensive Renovation,' indicating substantial repairs and rehabilitation are needed. The exterior images show significant deferred maintenance, including a worn roof, siding, and general neglect. Given its age and the lack of any mentioned recent renovations, it's highly probable that major systems (plumbing, electrical, HVAC) and key areas like the kitchen and bathroom are outdated, non-functional, or in need of complete replacement. The property is not move-in ready and would require significant investment to be safe and comfortable.
Pros & Cons
Pros
Investment/Renovation Potential: Explicitly marketed as a 'Fixer' and 'Investor opportunity,' this property allows for significant value addition through renovation and customization.
First-Time Buyer Opportunity: Positioned as an entry-level home, it offers an accessible opportunity for first-time homebuyers to enter the market, despite its condition.
Strategic Location: The property boasts 'easy access to downtown Los Angeles, freeways and shopping,' providing convenience for commuters and daily errands.
Probate Sale Advantage: While often complex, probate sales can attract buyers seeking motivated sellers or unique acquisition opportunities, especially with agent assistance.
Decent Lot Size: With a 3319 sqft lot for a 764 sqft home, there is valuable outdoor space or potential for future expansion, enhancing its long-term appeal.
Cons
Extensive Renovation Required: Explicitly described as a 'Fixer,' the property requires substantial work and investment beyond cosmetic updates, limiting the buyer pool.
Significant Overpricing: The current list price of $360,000 is considerably higher than the estimated value ($247,600) and a comparable active listing for the same property ($305,000), indicating it may not be competitively priced for its condition.
Probate Sale Complexities: Probate sales typically involve longer timelines, court approval, and 'as-is' conditions, which can deter some buyers and add transactional hurdles.