620 S Poinsettia Avenue, Compton, California 90221, Compton, 90221 - 4 bed, 2 bath
ACTIVE$799,000
620 S Poinsettia Avenue, Compton, California 90221
4Beds
2Baths
2,270Sqft
6,988Lot
Price Vs. Estimate
The estimated value ($458,669.565) is $340,330.435 (42%) lower than the list price ($799,000). This property may be overpriced.
Key pros and cons
Top Pros:
Multi-Unit Income Potential: The property is configured as three distinct units (7 bedrooms, 4 bathrooms, 3 kitchens, plus a laundry room and bonus enclosed patio/storage), offering significant rental income opportunities for investors.
Top Cons:
Significant Price Discrepancy: The current listing price of $799,000 is substantially higher than the estimated property value of $458,669.565 and the last recorded sale price of $455,000 in 2018, suggesting potential overpricing or a need for a thorough valuation to justify the asking price.
Compared to the nearby listings
Price:$799.0K vs avg $629.0K (+$170,000)96%
Size:2,270 sqft vs avg 1,222 sqft94%
Price/sqft:$352 vs avg $52712%
More Insights
Built in 1947 (78 years old).
Condition: Despite being built in 1947, this property has undergone extensive and modern renovations, particularly evident in the three kitchens and four bathrooms. The images showcase updated shaker-style cabinets, granite/stone countertops, modern mosaic backsplashes, stainless steel appliances, contemporary light fixtures, and stylish tile flooring throughout. These updates make the property move-in ready with no immediate renovation required. While the 'as-is' clause and the age of the original structure suggest potential for older underlying systems, the visible components are well-maintained and meet current quality standards, aligning with a 'Good' condition score.
Year Built
1947
Close
-
List price
$799K
Original List price
$830K
Price/Sqft
$352
HOA
-
Days on market
-
Sold On
-
MLS number
DW25073552
Home ConditionGood
Features
ViewNeighborhood
About this home
Take advantage of a great opportunity to own an investment property, with three units! This single-family home was originally a single family 4 bedroom 2-bathroom home, boasting over 2,100 square feet and two fireplaces / two living rooms. This beautiful home now has a total 7 bedrooms, 4 full bathrooms, 3 kitchens, laundry room, and a bonus enclosed patio/storage room. Unit #1 is the beautiful main/front house which is over 1600 square feet featuring a large living room, large kitchen, oversized 3 bedrooms and 2 full bathrooms. Unit #2 has 2 bedrooms and 1 bath, a kitchen and a fireplace. Unit #3 is the converted garage ADU, with 2 bedrooms and 1 bathroom. The home has a wonderful layout, the corner lot allows each unit to have separate entrance and plenty of parking. Schedule a private showing, do not miss out on a multi-family home, the opportunities are endless! Property is being delivered without tenants, as-is.
Price History
Date
Event
Price
08/15/18
Sold
$455,000
Condition Rating
Good
Despite being built in 1947, this property has undergone extensive and modern renovations, particularly evident in the three kitchens and four bathrooms. The images showcase updated shaker-style cabinets, granite/stone countertops, modern mosaic backsplashes, stainless steel appliances, contemporary light fixtures, and stylish tile flooring throughout. These updates make the property move-in ready with no immediate renovation required. While the 'as-is' clause and the age of the original structure suggest potential for older underlying systems, the visible components are well-maintained and meet current quality standards, aligning with a 'Good' condition score.
Pros & Cons
Pros
Multi-Unit Income Potential: The property is configured as three distinct units (7 bedrooms, 4 bathrooms, 3 kitchens, plus a laundry room and bonus enclosed patio/storage), offering significant rental income opportunities for investors.
Delivered Vacant: Being delivered without tenants provides immediate flexibility for the new owner to set market-rate rents and select their preferred occupants.
Converted Garage ADU: The inclusion of a converted garage ADU (Unit #3) adds a valuable, separate income-generating unit, enhancing the property's overall value and versatility.
Corner Lot with Practical Layout: Situated on a corner lot, the property boasts a 'wonderful layout' allowing each unit to have a separate entrance and providing ample parking, which is highly desirable for multi-unit properties.
Spacious Main Unit: Unit #1, the main house, is over 1600 square feet with a large living room, large kitchen, and oversized 3 bedrooms and 2 full bathrooms, offering a comfortable and attractive living space.
Cons
Significant Price Discrepancy: The current listing price of $799,000 is substantially higher than the estimated property value of $458,669.565 and the last recorded sale price of $455,000 in 2018, suggesting potential overpricing or a need for a thorough valuation to justify the asking price.
As-Is Condition: The property is being sold 'as-is,' indicating that the buyer will be responsible for any necessary repairs, upgrades, or potential code compliance issues, which could lead to unforeseen additional costs.
Age of Property: Built in 1947, the property is an older construction (77 years old), which may imply outdated systems, potential for deferred maintenance, or a need for significant modernization to meet current standards and tenant expectations.