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!
The income description goes here to explain
List Price | $729,000 |
Property Type | Single Family Homes |
Usable Sqft | 2,097 |
Number of Stories | 2 stories |
Parking Spots | 2 spots |
Year Built | 1938 |
Last Sold | Unknown |
Sold Price | Unknown |
HOA Fees: | $0 |
Association Name: | Unknown |
Association Amenities: | Unknown |
APN # | 6160004006 |
MLS # | SR25030910 |
Property ID | 292188343 |
Lot Sqft | 7,784 |
Zoning | COR3* |
Total Units | 1 |
Days on Market | 7 |
Original List Price | $729,000 |
Date Updated | February 15, 2025 |
Date Created | February 11, 2025 |
Alec Petrossian an agent of . Lic #01864433
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of February 15, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
2708 Wilshire Blvd #197
Santa Monica, CA 90403
California ## 01956587
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT