348 W Peach Street, Compton, California 90222, Compton, 90222 - bed, bath
ACTIVE$749,000
348 W Peach Street, Compton, California 90222
0Bed
0Bath
1,632Sqft
2,071Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Investment Potential: Explicitly marketed as a 'Great investment property' and classified as 'Residential Income' (Duplex), offering multiple income streams.
Top Cons:
Mandatory Paired Purchase: Requires simultaneous acquisition of an adjacent property, significantly increasing the total investment and potentially narrowing the buyer pool.
Compared to the nearby listings
Price:$749.0K vs avg $757.0K ($-8,000)50%
Size:1,632 sqft vs avg 1,464 sqft50%
Price/sqft:$459 vs avg $51050%
More Insights
Built in 1964 (61 years old).
Condition: The property was built in 1964, making it 60 years old. There are no interior images or descriptions of any renovations, particularly for the kitchen and bathrooms. For a property of this age, the absence of such information strongly suggests that these critical areas are significantly outdated and likely require substantial repairs and rehabilitation to meet current standards. The exterior images show an aged property with a cracked driveway, consistent with its build year, but do not indicate recent major updates. While it is currently occupied, implying livability, the lack of modern features and the age of the major systems likely necessitate significant investment for modernization.
Year Built
1964
Close
-
List price
$749K
Original List price
$749K
Price/Sqft
$459
HOA
-
Days on market
-
Sold On
-
MLS number
SR25118191
Home ConditionPoor
Features
View-
About this home
Welcome to the exclusive opportunity to own a unique duplex property. This property must be purchased at the same time with the property next door: #SR25118232 352 W Peach St., also 2 units (2 bed 1 bath each unit). Duplex is located at the end of a cul-de-sac street. Great investment property! Close to freeways, shopping, parks, schools, and more. Property being sold with occupants.
Price History
Date
Event
Price
10/10/17
Sold
$315,000
Condition Rating
Poor
The property was built in 1964, making it 60 years old. There are no interior images or descriptions of any renovations, particularly for the kitchen and bathrooms. For a property of this age, the absence of such information strongly suggests that these critical areas are significantly outdated and likely require substantial repairs and rehabilitation to meet current standards. The exterior images show an aged property with a cracked driveway, consistent with its build year, but do not indicate recent major updates. While it is currently occupied, implying livability, the lack of modern features and the age of the major systems likely necessitate significant investment for modernization.
Pros & Cons
Pros
Strong Investment Potential: Explicitly marketed as a 'Great investment property' and classified as 'Residential Income' (Duplex), offering multiple income streams.
Portfolio Expansion Opportunity: The mandatory simultaneous purchase of the adjacent duplex (SR25118232) allows for immediate acquisition of a 4-unit portfolio, appealing to serious investors.
Cul-de-Sac Location: Located at the end of a cul-de-sac street, which typically offers enhanced privacy, reduced traffic, and a quieter environment.
Convenient Accessibility: Proximity to freeways, shopping, parks, and schools enhances desirability for tenants and future resale value.
Duplex Configuration: As a duplex, the property provides two separate units, offering diversified income streams or the flexibility of owner-occupancy with rental income.
Cons
Mandatory Paired Purchase: Requires simultaneous acquisition of an adjacent property, significantly increasing the total investment and potentially narrowing the buyer pool.
Occupied Property: Being sold with existing occupants presents potential challenges related to tenant management, lease agreements, and the ability for immediate owner-occupancy or renovation.
Limited Outdoor Space/Lot Size: The lot size of 2071 sqft for a duplex is relatively small, which may limit outdoor amenities or future expansion possibilities.