332 W Laurel Street, Compton, CA, US, 90220
332 W Laurel Street, Compton, CA, US, 90220Basics
- Date added: Added 3 days ago
- Category: Residential
- Type: SingleFamilyResidence
- Status: Active
- Bedrooms: 5
- Bathrooms: 3
- Floors: 2, 2
- Area: 2097 sq ft
- Lot size: 7784, 7784 sq ft
- Year built: 1938
- View: CityLights
- Zoning: COR3*
- County: Los Angeles
- MLS ID: SR25030910
Description
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Description:
This impressive 2097 sq.ft., two-story, 5-bedroom home sits on a large 7,784 sq.ft. lot. The property provides flexibility for remodeling into a custom single-family residence or for future expansion, zoned RH-3 by the City of Compton. The property has strong potential for residential development, including multiple units and an ADU. The sellers have already completed the design, architectural, and engineering processes to divide the property into two units: a 3-bed, 2-bath unit downstairs and a 2-bed, 1-bath unit upstairs. The city has advised that it has approved the plans for such a conversion and that building permits are in Ready To Issue (RTI) status. With its prime RH-3 zoning and building permits reportedly in RTI status, it offers excellent investment potential. This property is being sold as-is, and the sellers intend to sell the property as part of a 1031 exchange.
This is exceptional potential for builders and developers. Don’t miss out on this opportunity!
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Location
- Directions: West Almond st. , South Oleander Ave.
- Lot Size Acres: 0.1787 acres
Building Details
- Structure Type: House
- Water Source: Public
- Lot Features: BackYard,FrontYard
- Sewer: PublicSewer
- Common Walls: NoCommonWalls
- Garage Spaces: 2
- Levels: Two
Amenities & Features
- Pool Features: None
- Parking Total: 2
- Cooling: None
- Fireplace Features: None
- Heating: FloorFurnace
- Laundry Features: None
Nearby Schools
- High School District: Compton Unified
Expenses, Fees & Taxes
- Association Fee: 0
Miscellaneous
- List Office Name: Alex Hartounian
- Listing Terms: Exchange1031
- Common Interest: None
- Community Features: Sidewalks
- Attribution Contact: 818-613-5471