348 W Peach Street, Compton, California 90222, Compton, 90222 - 4 bed, 2 bath
ACTIVE$749,000
348 W Peach Street, Compton, California 90222
4Beds
2Baths
1,632Sqft
2,071Lot
Year Built
1964
Close
-
List price
$749K
Original List price
$749K
Price/Sqft
$459
HOA
-
Days on market
-
Sold On
-
MLS number
SR25119284
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $749.0K(50th), sqft - 1632(50th), beds - 4(75th), baths - 2(50th).
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: #SR25119305 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
05/30/25
Listing
$749,000
10/10/17
Sold
$315,000
Condition Rating
Poor
The property was built in 1964, making it 60 years old. The listing explicitly states 'Older Construction' and notes that it 'may require updates to its systems (e.g., plumbing, electrical, HVAC) and cosmetic renovations.' This indicates a need for substantial repairs and rehabilitation, aligning with the 'poor' condition criteria. The complete absence of interior images, particularly for the kitchen and bathrooms, strongly suggests these areas are significantly outdated and would require major renovation to meet current standards. While occupied, the property's age and described needs point to a condition requiring significant investment beyond minor updates.
Pros & Cons
Pros
Multi-Unit Income Potential: As a duplex, the property offers two separate units, providing diversified rental income streams and making it an attractive investment for cash flow.
Cul-de-Sac Location: Situated at the end of a cul-de-sac street, the property benefits from reduced traffic, enhanced privacy, and a quieter residential environment.
Convenient Location: The property boasts excellent proximity to essential amenities including freeways, shopping centers, parks, and schools, appealing to a broad tenant base.
Strong Appreciation History: The significant increase in value from its 2017 sale price of $315,000 to the current list price of $749,000 indicates robust market appreciation and potential for future equity growth.
Designated Investment Property: Explicitly categorized as 'Residential Income,' this property is ideally suited for investors seeking to expand their portfolio with a purpose-built rental asset.
Cons
Mandatory Paired Purchase: The requirement to purchase this property simultaneously with the adjacent duplex (352 W Peach St.) significantly increases the total capital outlay and limits the pool of potential buyers.
Occupied Property: Being sold with existing occupants presents potential challenges related to tenant management, lease agreements, and restricted access for showings or inspections during the due diligence phase.
Older Construction: Built in 1964, the property may require updates to its systems (e.g., plumbing, electrical, HVAC) and cosmetic renovations, potentially incurring additional capital expenditures for a new owner.