531 W Palmer, Compton, California 90220, Compton, 90220 - 2 bed, 1 bath
531 W Palmer
Compton, California 90220
Property Price
SUMMARY
Analysis of 531 W Palmer, Compton, California 90220 reveals a property with a current list price of $650,000, which is 4% above the estimated $622,731 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 531 W Palmer Subject | $650,000* List Price | 2 | 1 | 1,089 | $572 | - |
A 531 W Arbutus Street Sold | $635,805 | 2 | 1 | 1,153 | $551 | 0.1 mi |
B 1410 W School Sold | $551,000 | 3 | 2 | 1,196 | $461 | 0.8 mi |
C 1445 W 155th Street Sold | $610,000 | 3 | 1 | 1,036 | $589 | 0.9 mi |
D 425 S Cliveden Avenue Sold | $730,000 | 3 | 1 | 1,044 | $699 | 0.8 mi |
E 803 N Grandee Active | $550,000 List Price | 3 | 1 | 1,087 | $506 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1941, this home is well-maintained and move-in ready but shows signs of being outdated. The kitchen features older cabinetry and tile countertops, and the single bathroom retains a vintage style. While the original hardwood floors appear to be in good condition, the property lacks recent major renovations, and the systems and fixtures are aged, meeting the criteria for a fair condition score.
PROSSTRENGTHS & OPPORTUNITIES
- ADU & Expansion Potential
The generous 5,992 sq. ft. lot provides significant space for outdoor living or the addition of an Accessory Dwelling Unit (ADU), offering excellent value-add potential for investors or multi-generational families.
- Strategic Central Location
Situated in the 'Hub City,' this property offers prime access to major Los Angeles transportation corridors, local schools, and shopping, making it an ideal location for commuters.
- Functional Living Space
The 1,089 sq. ft. floor plan is well-proportioned for a two-bedroom home, featuring a practical layout with abundant natural light and a large backyard perfect for entertaining.
CONSRISKS & DEFICIENCIES
- Vintage Condition
Built in 1941, the property likely requires updates to its original systems and finishes to meet modern standards, as suggested by the 'potential for personalization' description.
- Limited Bathroom Count
With only one bathroom for over 1,000 square feet of living space, the home may face functional limitations for families and could be less competitive than modern multi-bath residences.
About 531 W Palmer
Welcome to this charming single-family home located in the heart of Compton, a historic Los Angeles County community often referred to as the “Hub City” due to its central location in Southern California. This inviting 2-bedroom, 1-bathroom residence offers approximately 1,089 square feet of living space on a generous 5,992 sq. ft. lot, providing a comfortable layout with plenty of potential for personalization or future expansion. Built in 1941, the home showcases classic single-family architecture and sits on a spacious lot that allows room for outdoor living, gardening, or possible ADU opportunities (buyer to verify). Inside, the home features a functional floor plan designed for everyday living, with ample natural light and practical living spaces. The property also includes garage parking and a sizeable backyard area, making it ideal for entertaining, relaxing, or creating your own outdoor retreat. Situated within a well-established residential neighborhood, this home offers convenient access to local schools, parks, shopping, and major transportation corridors throughout Los Angeles County. Compton itself is a vibrant and diverse city of nearly 96,000 residents, rich in culture and history, and centrally located near neighboring communities such as Long Beach, Lynwood, and Paramount. Whether you're a first-time buyer, investor, or homeowner looking to add your personal touch, this property presents an excellent opportunity to own in a centrally located Southern California community. Don’t miss the chance to explore the potential of this Compton gem.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1941
- Lot Size
- 5,992 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 | 1,089 | 1,157 | 41% |
| Lot Size | 5,992 | 5,511.5 | 61% |
| Price | $650.0K | $657.5K | 49% |
| Price per sq ft | $597 | $568 | 63% |
| Built year | 1941 | 1950 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 180 | 1% |
Pricing History
Listed for Sale
Feb 27, 2026
$650,000
Initial Listing