418 W Spruce Street, Compton, California 90220, Compton, 90220 - 2 bed, 1 bath
418 W Spruce Street
Compton, California 90220
Property Price
SUMMARY
Analysis of 418 W Spruce Street, Compton, California 90220 reveals a property with a current list price of $600,000, which is 37% above the estimated $372,094 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Compton Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 418 W Spruce Street Subject | $600,000* List Price | 2 | 1 | 931 | $400 | - |
A 339 W Poplar Street Pending | $560,000 List Price | 3 | 1 | 1,006 | $557 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1958, the property's exterior shows significant signs of age and deferred maintenance, including a worn roof, peeling garage door, and cracked driveway. With no interior photos or mention of recent renovations, especially for the kitchen and bathroom, it's highly probable these key areas are original or severely outdated, requiring substantial repairs and rehabilitation. The listing's own analysis highlights 'potential for outdated systems and deferred maintenance, which could lead to considerable renovation costs'.
PROSSTRENGTHS & OPPORTUNITIES
- Gated Front Yard
The property features a nice gated front yard, enhancing security and curb appeal, which is a desirable amenity for many buyers.
- Ideal for Small Families/First-Time Buyers
With 2 bedrooms and 1 bath, the property is perfectly suited for small families or individuals looking for an entry-level home.
- Established Location
Located in Compton, an established community with access to local amenities, schools, and major transportation routes.
CONSRISKS & DEFICIENCIES
- Significant Overpricing
The list price of $600,000 is substantially higher than the estimated property value of $372,094 and recent comparable sales, indicating a potential valuation mismatch.
- Older Construction & Unknown Condition
Built in 1958 with no mention of recent upgrades, suggesting potential for outdated systems and deferred maintenance, which could lead to considerable renovation costs.
- Limited Living Space
With only 931 sqft, 2 bedrooms, and 1 bathroom, the property offers restricted living space, potentially limiting its appeal to a broader buyer pool, especially compared to larger, similarly priced alternatives.
About 418 W Spruce Street
Property has 2 bedrooms with 1 bath. Perfect for small family. Nice gated front yard.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1958
- Lot Size
- 2,496 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 17% |
| Baths | 1.0 | 2.0 | 42% |
| Square foot | 931 | 1,157 | 13% |
| Lot Size | 2,496 | 5,501 | 3% |
| Price | $600.0K | $657.5K | 24% |
| Price per sq ft | $644 | $568 | 79% |
| Built year | 1958 | 1950 | 89% |
| HOA | $0 | $0 | 50% |
| Days on market | 277 | 185 | 88% |
Pricing History
Sold
Sep 8, 2014
$230,000
Public Record
Sold
Aug 28, 2013
$135,000
Public Record
Sold
Jul 8, 2005
$313,000
Public Record
Sold
Oct 31, 2003
$159,000
Public Record
Sold
May 8, 2003
$85,000
Public Record