640 W Palmer, Compton, California 90220, Compton, 90220 - 4 bed, 2 bath

640 W Palmer, Compton, California 90220 home-pic-0

640 W Palmer

Compton, California 90220

ACTIVE
CONDITION: FAIR
4Beds
2Baths
1,660Sq Ft
11,278Lot Size

Property Price

LIST PRICE$850,000
EST. MARKET VALUE
$882,771
3% BelowMARKET VALUE

SUMMARY

Analysis of 640 W Palmer, Compton, California 90220 reveals a Prime Investment Opportunity with a current list price of $850,000—significantly undercutting the $882,771 Fair Market Value by 3%. This valuation gap indicates a +$32,771 Instant Equity potential for buyers. 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

$882,771 +$32,771 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Compton.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
640 W Palmer
Subject
$850,000*
List Price
421,660$532-
A
925 W Raymond Street
Sold
$614,000321,431$4290.8 mi
B
409 W Almond
Pending
$600,000
List Price
321,300$4620.5 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

The property is a well-maintained 1941 residence that has been under the same ownership for over 54 years. While the exterior and grounds are manicured, the interior is significantly dated and requires comprehensive cosmetic and functional upgrades to the kitchen, bathrooms, and systems to meet modern standards. It is functional and lived-in but lacks recent renovations.

PROSSTRENGTHS & OPPORTUNITIES

  • High Available Lot Utilization

    The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11278, living area = 1660.

  • Expansive Lot & ADU Potential

    The massive 11,275 sq. ft. corner lot is a rare find in this area, providing ample space for expansion or the construction of an Additional Dwelling Unit (ADU) to maximize property value.

  • Versatile 3-Car Garage

    The attached three-car garage with a pass-through door offers unique flexibility, serving as a workshop, creative studio, or additional storage space with easy backyard access.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.

  • Dated Interior Condition

    Maintained by the same family for over 54 years, the home requires significant cosmetic and functional upgrades to meet modern buyer expectations and design standards.

  • Vintage Infrastructure

    Built in 1941, the property may necessitate costly updates to aging systems such as plumbing, electrical, or insulation to ensure long-term efficiency and code compliance.

About 640 W Palmer

Prime Location with Exceptional Potential - This is a rare opportunity to unlock tremendous value in a highly desirable neighborhood. Built in 1941, this single-story, four-bedroom corner-lot home offers 1,660 sq. ft. of living space and sits on an expansive 11,275 sq. ft. (.26-acre) lot, providing endless possibilities for renovation, expansion, or redevelopment. The exterior is just as impressive, with a manicured, landscaped backyard enriched by a mature orange tree—an ideal setting for outdoor dining, entertaining, gardening, or quiet afternoons in your own natural oasis. The home has been well maintained for more than 54+ years and does require some upgrading, making it a true blank canvas ready for your vision. Inside, you’ll find a spacious living room featuring a cozy fireplace with gas starter, formal dining room, a large den/family room, a generously sized kitchen with a dedicated dinette area. This property blends original charm with outstanding potential. The attached three-car garage with a pass-through garage door to the back yard and can offer additional flex space—ideal for a studio, or creative use. The expansive backyard is an entertainer’s dream. The lot can possibly support an Additional Dwelling Unit (ADU), adding even more value and opportunity. Proudly owned by the same family for over 54+ years, this is the first time the property has been offered for sale—an opportunity that rarely comes along. This expansive and inviting home, offering exceptional comfort, versatility, and charm. Nestled on a charming street, the home is conveniently located near schools, shopping, parks, and local amenities, with quick access to the 110, 105, 710 and 91 freeways, making commuting and daily errands effortless. Whether you’re seeking a smart investment or the chance to create your dream home, this gem delivers location, lot size, and limitless potential. Opportunities like this do not last—schedule your private showing today and imagine what you can create.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1941
Lot Size
11,278 Sq. Ft.

Interior

Total Bedrooms
4
Total Bathrooms
2 (2 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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.03.0
75%
Baths2.02.0
50%
Square foot1,6601,166.5
87%
Lot Size11,2785,511.5
97%
Price$850.0K$662.5K
95%
Price per sq ft$512$561
39%
Built year19411950
8%
HOA$0$0
50%
Days on market10180
1%

Pricing History

Listed for Sale

Feb 24, 2026

$850,000

Initial Listing

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