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316 N Maie Avenue, Compton, California 90220, Compton, 90220 - bed, bath

316 N Maie Avenue, Compton, California 90220 home-pic-0
ACTIVE$1,099,000
316 N Maie Avenue, Compton, California 90220
0Bed
0Bath
2,358Sqft
5,256Lot
Year Built
1950
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
$466
HOA
-
Days on market
-
Sold On
-
MLS number
DW24133080
Home ConditionExcellent
Features
Good View: City Lights
Patio
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $1.10M(73th), sqft - 2358(50th), beds - undefined(50th), baths - undefined(50th).

***NICE TRIPLEX FOR SALE***PERFECT INCOME PROPERTY, LIVE IN ONE AND RENT THE OTHER TWO. Luis ONE SFR (2 BED/ 1 BA + LAUNDRY),1048 sqft, ATTACHED ONE SFR (1 BE/ 1 BA)540 sqft AND ONE DETACHED SFR (2 BE / 1BA) 770 sqft NEW CONSTRUCTION, WITH THREE DIFFERENT ADDRESSES, UNIT 1, COMPLETED REMODELED, RECESS LIGHTS ALL AROUND, WOOD FLOORING, NEW WINDOWS DOUBLE PANE, NEW TANKLESS WATER HEATER UNIT 2 AND 3 ARE NEW CONSTRUCTION, ALL AROUND THE PROPERTY IS SOLD IN ITS CURRENT CONDITION, THE SELLER WILL NOT DO OR PAY FOR ANY INSPECTION OR REPAIRS, AND THE INFORMATION IS DEEMED RELIABLE BUT NO GUARANTEE IMPLIED OR EXPLICIT AGENTS AND BUYERS ARE ENCOURAGED TO DO THEIR OWN FINDINGS

Price History

Date
Event
Price
02/03/17
Sold
$8,000
02/03/17
Sold
$8,000
02/03/17
Sold
$8,000
10/24/16
Sold
$55,000
10/13/16
Sold
$45,000
Condition Rating
Excellent
Despite the original build year of 1950, the listing explicitly states that two units are 'NEW CONSTRUCTION' and the third unit has been 'COMPLETED REMODELED' with new windows, wood flooring, recessed lighting, and a new tankless water heater. The images confirm this, showcasing modern kitchens with white shaker cabinets, stainless steel appliances, light countertops, subway tile backsplashes, and contemporary bathrooms with new vanities and tiling. All visible components appear new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'excellent' condition criteria for a recently built or extensively renovated property.
Pros & Cons

Pros

Strong Income Potential: The property is a triplex, explicitly marketed as a 'perfect income property' with the flexibility for an owner to live in one unit and rent out the other two, maximizing cash flow.
Extensive Modernization: Two of the three units are new construction, and the third unit has been completely remodeled with modern upgrades including recessed lighting, wood flooring, new double-pane windows, and a new tankless water heater.
Independent Units: The property features three distinct units, each with its own separate address, which can simplify tenant management, utility billing, and potentially offer greater financing flexibility.
Turnkey for Tenants: The new construction and recent remodeling ensure that tenants will benefit from modern, updated living spaces, likely attracting higher rental rates and quality occupants.
Desirable View: The property offers a 'City Lights' view, which is an attractive amenity that can enhance desirability and potential rental value.

Cons

Strict As-Is Sale: The property is sold in its current condition, with the seller explicitly stating they will not do or pay for any inspections or repairs, placing all responsibility and potential costs on the buyer.
Significant Buyer Due Diligence Required: Given the 'as-is' clause, buyers are heavily encouraged to conduct their own thorough inspections and findings, which could involve additional time and expense to uncover potential hidden issues.
Original Building Age: Despite new construction and remodeling of units, the original structure dates back to 1950, which may imply potential underlying issues or maintenance requirements for components not covered by recent renovations.

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