Huge price adjustment. Incredible investment opportunity! This is exceptional potential for builders and developers. Don’t miss out on this one. An impressive 2097 sq.ft., two-story, 5-bedroom home sits on a large 7,784 sq.ft. flat 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.
Property Details
Price:
$649,000
MLS #:
SR25109963
Status:
Active
Beds:
5
Baths:
3
Address:
332 W Laurel
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
rpcomptonsofrosecranseofcentralwofala
City:
Compton
Listed Date:
May 16, 2025
State:
CA
Finished Sq Ft:
2,097
ZIP:
90220
Lot Size:
7,784 sqft / 0.18 acres (approx)
Year Built:
1938
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Schools
School District:
Los Angeles Unified
Interior
Cooling
See Remarks
Fireplace Features
None
Exterior
Community Features
Sidewalks
Garage Spaces
2.00
Lot Features
Back Yard
Parking Spots
2.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
View
City Lights
Water Source
Public
Financial
Association Fee
0.00
Map
Community
- Address332 W Laurel Compton CA
- AreaRP – Compton S of Rosecrans, E of Central,W of Ala
- CityCompton
- CountyLos Angeles
- Zip Code90220
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332 W Laurel
Compton, CA
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