9538 Compton Avenue, Los Angeles, California 90002, Los Angeles, 90002 - bed, bath
ACTIVE$770,000
9538 Compton Avenue, Los Angeles, California 90002
0Bed
0Bath
1,780Sqft
3,430Lot
Year Built
1930
Close
-
List price
$770K
Original List price
$850K
Price/Sqft
$433
HOA
-
Days on market
-
Sold On
-
MLS number
IG24109638
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $770.0K(50th), sqft - 1780(50th), beds - undefined(50th), baths - undefined(50th).
These units offer an excellent unit mix of (2) Two Bedroom 1 Bathroom units, and (2) 1 Bedroom 1 Bathroom units. Three units will be occupied at close, and the fourth will be delivered vacant. Within 6.4 miles from CSU Dominguez Hills, 6.5 miles from USC and 8.6 miles from LAX. Buyer and Buyer's Agent are advised to do their own due diligence to satisfy all information. The monthly rents are as follows: 2/1-2400.00, 2/1-1800.00, 1/1-794.00, 1/1-$1700.
Price History
Date
Event
Price
12/01/22
Sold
$695,000
05/18/17
Sold
$460,000
05/08/13
Sold
$270,000
11/25/08
Sold
$175,000
Condition Rating
Poor
Built in 1930, this property features visibly very dated kitchens and bathrooms, likely last renovated 30-50+ years ago. The kitchens have older cabinets, laminate countertops, and white appliances, while bathrooms show older fixtures and tile. Hardwood floors are present in living areas, but major systems (plumbing, electrical) are likely outdated, requiring substantial repairs and rehabilitation to meet current standards, as indicated by the property analysis.
Pros & Cons
Pros
Income-Generating Property: As a quadruplex, the property offers multiple rental income streams, making it an attractive investment for cash flow.
Favorable Unit Mix: The combination of two 2-bedroom/1-bathroom units and two 1-bedroom/1-bathroom units caters to a diverse tenant pool and market demand.
Vacant Unit at Close: One unit will be delivered vacant, providing immediate flexibility for an owner-occupant or the opportunity to set market-rate rent without tenant turnover challenges.
Strategic Location: Proximity to major educational institutions (CSU Dominguez Hills, USC) and LAX enhances rental demand and tenant appeal, particularly for students or airport employees.
Recent Price Adjustment: The property has seen a significant price reduction from its original list price of $850,000 to $770,000, potentially offering a more competitive entry point for buyers.
Cons
Age of Property: Built in 1930, the property is nearly a century old, which may lead to significant deferred maintenance, outdated systems (plumbing, electrical), and higher repair costs.
Rent Discrepancy & Potential Rent Control: One 1-bedroom unit is rented significantly below market value ($794 vs $1700 for another 1-bed), suggesting potential rent control limitations or long-term tenants, which could hinder immediate income optimization.
Small Lot Size: The 3,430 sqft lot is relatively small for a quadruplex, potentially limiting outdoor amenities, parking, or future development opportunities.