332 W Laurel Street

Compton, CA 90220

$729,000

List Price

5

bed Beds

3

shower Baths

2,097 sqft

straighten / sqft

1938

calendar_month Built

Property 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!

Listing Information

List Price $729,000
Status Active
MLS SR25030910
HOA $0
Type Residential
Subtype Single Family Residence
Year Built 1938
Lot Size 7,784
Structure Size 2,097
DOM 1
Courtesy Of Alex Hartounian
Listing Agent Alec Petrossian DRE#01864433

Interior Features

Laundry Information
Location(s) None
Total Bedroom
Bedrooms 5
Total Bathroom
Bathrooms 3
Fireplace Information
Features None
Cooling Type
Cooling Type None
Heating Type
Heating Type Floor Furnace

Exterior Information

Other Structures
Views City Lights

Maps

home_work Nearby Properties

Listing information courtesy of: Alec Petrossian, Alex Hartounian 818-613-5471. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 15th, 2025 at 2:43 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.