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705 S Corlett Avenue, Compton, California 90220, Compton, 90220 - 3 bed, 2 bath

705 S Corlett Avenue, Compton, California 90220 home-pic-0
ACTIVE$575,000$1,110/sqft
Est. Value: $525,883
-8%
AboveEstimate
705 S Corlett Avenue, Compton, California 90220
3Beds
2Baths
1,110Sqft
5,998Lot

Price Vs. Estimate

The estimated value ($525,882.825) is $49,117.175 (8%) lower than the list price ($575,000). This property may be overpriced.

Key pros and cons

Top Pros:
ADU Potential & Expansive Lot: The property boasts a generous 5,998 sq. ft. lot with significant potential for adding a detached Accessory Dwelling Unit (ADU), offering future income or expanded living space.
Top Cons:
Extensive Interior Renovation Required: The interior, including the kitchen and other areas, is noted as requiring significant attention and renovation, indicating a substantial investment of time and capital for modernization.

Compared to the nearby listings

Price:$575.0K vs avg $655.0K ($-80,000)19%
Size:1,110 sqft vs avg 1,157 sqft42%
Price/sqft:$518 vs avg $56839%

More Insights

Built in 1950 (76 years old).
Condition: Built in 1950, this property requires extensive interior renovation, particularly in the kitchen and other areas, as explicitly stated in the description. While the electrical panel has been upgraded, the overall condition of the interior, including likely outdated systems and finishes, points to a need for substantial rehabilitation rather than minor updates. It is habitable but far from move-in ready by modern standards, aligning with the 'poor' condition criteria.
Year Built
1950
Close
-
List price
$575K
Original List price
$575K
Price/Sqft
$518
HOA
-
Days on market
-
Sold On
-
MLS number
DW26001623
Home ConditionPoor
Features
View-

About this home

Secured this 3 Beds, 2 bathrooms Gem on a massive 5,998 sq. ft. Ft. lot, with an incredible upside. This home features unseen upgrades, including a fully permitted and upgraded electrical panel built to city codes, a massive start on any renovation project. The interior is a functional blank canvas, while the kitchen and certain areas of the home require some attention; however, it is habitable with a spacious floor plan. The primary bedroom is oversized, and the laundry hookups are conveniently located in the attached 1-car garage. The true Gold Mine is the expansive backyard perfect for a detached ADU. Located in the prime pocket of Compton, near local amenities. Don't miss this chance to restore a classic and build your dream out of this Gem—close to 110 and 91 Fwys. Please Read the Private Remarks & Supplement Docs Field.

R
Ramon Pereira
Listing Agent

Price History

Date
Event
Price
12/23/21
Sold
$550,000
Condition Rating
Poor
Built in 1950, this property requires extensive interior renovation, particularly in the kitchen and other areas, as explicitly stated in the description. While the electrical panel has been upgraded, the overall condition of the interior, including likely outdated systems and finishes, points to a need for substantial rehabilitation rather than minor updates. It is habitable but far from move-in ready by modern standards, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

ADU Potential & Expansive Lot: The property boasts a generous 5,998 sq. ft. lot with significant potential for adding a detached Accessory Dwelling Unit (ADU), offering future income or expanded living space.
Major Electrical System Upgrade: A fully permitted and upgraded electrical panel, built to city codes, has already been completed, providing a crucial and costly foundation for any future renovations.
Desirable Location & Freeway Access: Situated in a prime pocket of Compton, the home offers convenient access to local amenities and major freeways (110 and 91), enhancing its appeal and connectivity.
Spacious & Functional Layout: The home features a spacious and functional floor plan, including an oversized primary bedroom, providing a comfortable living environment even before extensive renovations.
Significant Renovation Upside: Described as a 'functional blank canvas' with 'incredible upside,' this property presents an excellent opportunity for buyers to customize and add substantial value through renovation.

Cons

Extensive Interior Renovation Required: The interior, including the kitchen and other areas, is noted as requiring significant attention and renovation, indicating a substantial investment of time and capital for modernization.
Older Home Systems & Finishes: Built in 1950, the property likely features outdated systems (e.g., plumbing, potential lack of central AC) and finishes, which will need updating to meet contemporary standards and comfort.
Limited Garage Capacity: The property includes an attached 1-car garage, which may be insufficient for households with multiple vehicles or those requiring additional storage space.
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