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918 W Cedar Street, Compton, California 90220, Compton, 90220 - 3 bed, 2 bath

918 W Cedar Street, Compton, California 90220 home-pic-0
ACTIVE$575,000
918 W Cedar Street, Compton, California 90220
3Beds
2Baths
1,425Sqft
2,497Lot

Price Vs. Estimate

The estimated value ($470,755.565) is $104,244.435 (18%) lower than the list price ($575,000). This property may be overpriced.

Key pros and cons

Top Pros:
Cul-de-Sac Location: Nestled in a quiet cul-de-sac, offering a more private and safer living environment.
Top Cons:
Requires Renovation: The property 'will need some TLC,' indicating a need for immediate investment in repairs and upgrades.

Compared to the nearby listings

Price:$575.0K vs avg $650.0K ($-75,000)19%
Size:1,425 sqft vs avg 1,169 sqft68%
Price/sqft:$404 vs avg $56415%

More Insights

Built in 1983 (42 years old).
Condition: The property was built in 1983, making it 42 years old. The description explicitly states it 'will need some TLC' and 'may not qualify for traditional financing,' which are strong indicators of significant deferred maintenance and the need for substantial repairs and rehabilitation. While it mentions 'good bones,' the financing issue suggests major components (e.g., systems, roof, or other critical elements) are likely in poor condition, requiring more than just minor updates. The absence of interior photos, especially of the kitchen and bathrooms, further supports the assumption that these areas are likely severely outdated and in need of full renovation, aligning with the 'Poor' condition criteria.
Year Built
1983
Close
-
List price
$575K
Original List price
$575K
Price/Sqft
$404
HOA
-
Days on market
-
Sold On
-
MLS number
DW25172737
Home ConditionPoor
Features
Patio
View-

About this home

Two-Story Home on a Cul-de-Sac – Great Potential in Compton. Nestled in a quiet cul-de-sac in Compton, this two-story single-family residence offers a great opportunity for buyers looking to add their personal touch. Featuring 3 bedrooms, 2 bathrooms, a 2-car garage, and two additional parking spaces in front, this home provides both space and potential. The property includes paid-off solar panels, a wrought iron fence for added security, and is conveniently located near schools, shopping centers, and public transportation. With good bones and plenty of upside, this home is perfect for buyers or investors seeking a property they can improve over time. The home will need some TLC and may not qualify for traditional financing, ideal for cash buyers or those using renovation loans.

Price History

Date
Event
Price
07/16/99
Sold
$115,000
01/21/99
Sold
$74,000
09/11/09
Sold
$137,500
06/15/06
Sold
$395,000
08/26/04
Sold
$265,000
05/03/04
Sold
$230,000
03/31/03
Sold
$170,000
Condition Rating
Poor
The property was built in 1983, making it 42 years old. The description explicitly states it 'will need some TLC' and 'may not qualify for traditional financing,' which are strong indicators of significant deferred maintenance and the need for substantial repairs and rehabilitation. While it mentions 'good bones,' the financing issue suggests major components (e.g., systems, roof, or other critical elements) are likely in poor condition, requiring more than just minor updates. The absence of interior photos, especially of the kitchen and bathrooms, further supports the assumption that these areas are likely severely outdated and in need of full renovation, aligning with the 'Poor' condition criteria.
Pros & Cons

Pros

Cul-de-Sac Location: Nestled in a quiet cul-de-sac, offering a more private and safer living environment.
Paid-Off Solar Panels: Includes paid-off solar panels, providing significant long-term energy cost savings and environmental benefits.
Value-Add Potential: Described as having 'good bones' and 'plenty of upside,' making it ideal for buyers or investors looking to improve and increase equity.
Convenient Location: Conveniently located near schools, shopping centers, and public transportation, enhancing daily accessibility.
Enhanced Security: Features a wrought iron fence for added security and peace of mind.

Cons

Requires Renovation: The property 'will need some TLC,' indicating a need for immediate investment in repairs and upgrades.
Limited Financing Options: May not qualify for traditional financing, restricting the buyer pool primarily to cash buyers or those using renovation loans.
Smaller Lot Size: With a lot size of 2497 sqft, the outdoor space is relatively limited for a single-family residence.

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