319 W Almond, Compton, California 90220, Compton, 90220 - bed, bath
ACTIVE$875,000$3,300/sqft
319 W Almond, Compton, California 90220
0Bed
0Bath
3,300Sqft
7,769Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Income Potential: A fully occupied 5-unit building with significant potential to increase rents to market average, offering strong cash flow for investors.
Top Cons:
Property Age & Potential Maintenance: Built in 1955, the property is over 65 years old, which may indicate a need for ongoing maintenance, system updates, or potential deferred repairs not fully covered by recent upgrades.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1955 (71 years old).
Condition: Built in 1955, this property is aged. While the listing mentions 'some upgrades recently,' the scope and quality are unspecified, and no interior images are provided to assess critical areas like kitchens and bathrooms. The exterior appears maintained with possibly updated windows, but the overall style, metal staircase, and older garage doors suggest an older building that has received upkeep rather than a comprehensive, modern renovation. It's likely functional but would require minor updates to major components and interior finishes to meet current standards, aligning with a 'Fair' condition.
Year Built
1955
Close
-
List price
$875K
Original List price
$875K
Price/Sqft
$265
HOA
-
Days on market
-
Sold On
-
MLS number
DW26008470
Home ConditionFair
Features
View-
About this home
Tremendous potential Income Property projected,with plenty of space to increase the rent to the present average rentals in the area, with this 5 unit building, fully occupied; In a desirable strategic location in the City of Compton, right behind the City Hall, Fire Department, Police Department, Shopping Centers, 5 minutes walking distance to New state of the Art High School,Los Angeles Metro Rail Line A Running from Long Beach to Downtown Los Angeles.Property features long Driveway with a 5 car garage, one for each apartment, Cul-De-Sac Street, Some upgrades had been done to the property recently.
A
Alejandro Salazar
Listing Agent
Price History
Date
Event
Price
09/05/23
Sold
$820,000
Condition Rating
Fair
Built in 1955, this property is aged. While the listing mentions 'some upgrades recently,' the scope and quality are unspecified, and no interior images are provided to assess critical areas like kitchens and bathrooms. The exterior appears maintained with possibly updated windows, but the overall style, metal staircase, and older garage doors suggest an older building that has received upkeep rather than a comprehensive, modern renovation. It's likely functional but would require minor updates to major components and interior finishes to meet current standards, aligning with a 'Fair' condition.
Pros & Cons
Pros
High Income Potential: A fully occupied 5-unit building with significant potential to increase rents to market average, offering strong cash flow for investors.
Strategic Urban Location: Situated directly behind key civic amenities like City Hall, Fire Department, and Police Department, enhancing convenience and perceived safety.
Exceptional Transit & School Access: Within 5 minutes walking distance to a new state-of-the-art high school and the Los Angeles Metro Rail Line A, providing excellent connectivity for tenants.
Ample Dedicated Parking: Features a long driveway and a 5-car garage, ensuring one dedicated parking space per apartment, a valuable amenity in an urban setting.
Recent Property Enhancements: The property has undergone 'some upgrades recently,' suggesting a degree of modernization and potentially reducing immediate capital expenditure for a new owner.
Cons
Property Age & Potential Maintenance: Built in 1955, the property is over 65 years old, which may indicate a need for ongoing maintenance, system updates, or potential deferred repairs not fully covered by recent upgrades.
Unspecified Upgrades: The description mentions 'some upgrades' without detailing their scope or quality, creating uncertainty for buyers regarding the true condition and future capital expenditure requirements.
Recent Price Appreciation: Listed at $875,000, a notable increase from its last sale price of $820,000 in September 2023, which may require strong justification to potential buyers given the short time frame.