REO fever is taking Compton, in the Los Angeles area, by storm these days. This cute 1920s Compton bungalow is listed for $159,900, well under half of its $353,000 sale price of not quite two years ago (11/7/2006). Zillow.com estimates the current value of this house to be $296,000.This house needs some minor renovation and cosmetic updating, but after about $10,000 of work, this place will really shine. It is located in a clean and quiet part of Compton, and would be a good place for an owner-occupant. It could also be a potential buy for an investor, as it could rent for $1,300 to $1,500 per month. If you’re looking for an entry-level house to occupy or an investment property in the LA area, check out this REO.
The basics...
Address: 718 West Palmer Street, Compton, CA 90220
Current Listing Price: $159,900
PREVIOUS Sale Price: $353,000 (11/7/2006)
Size: 2 Bedrooms, 1 Bathroom; 1,023 square feet
Lot: .13 acres
http://www.realtor.com/realestate/compton-ca-90220-1101989358/
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