tomo logo

$699,900

Beds
5
sq ft
2,724

709 N Burris Ave, Compton, CA 90221

709 N Burris Ave

Compton, CA 90221

  • 45 days on market
    • Price drop $15,000↓
PRIME DUPLEX, PERFECT FOR INCOME, START MAKING $2,000.00 IMMEDIATELY. This duplex is a fantastic investment opportunity! Live in one unit while renting out the other and convert the 2-car garage for an additional $2,000/mo in just 15 days. Located in the heart of Compton, CA, this property features two spacious units, offering the ideal set-up for both homeowners and investors. With easy access to 91, 105, and 710 Freeways, this duplex boasts 2,074 sq. ft. of well-constructed living space on a generous 6,540 sq. ft. lot. Step inside the front unit to discover an inviting open floor plan, seamlessly connecting the living room, family room, dining room, and kitchen perfect for both intimate gatherings and grand entertainment. The front features 3 bedrooms and 2 bathrooms, providing comfort and convenience for family members or guests. The rear unit includes a large kitchen that flows into the living room, with stairs leading to 2 private bedrooms and 1 bathroom. An ample laundry room adds convenience for the family. This duplex accommodates up to 8 cars with garages, a carport, and additional parking in front, ensuring vehicle safety and accessibility. Don't miss out on this fantastic opportunity to own a versatile property in a prime location. Contact us today to schedule a viewing!

Details

Property type

Est. home value

$838,086

Lot size

6,542 sq ft

Price per sq ft

$257

Year built

1927

HOA

No

Price History

10/22/2024
CLAW

CLAW #24450463

Price change
$699,900
-2.1%
10/08/2024
CLAW

CLAW #24450463

Listed
$714,900
+2.14%
08/13/2024
CLAW

CLAW #24363809

Removed
$699,900

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$368,243
Asking price
$699,900
Closing costs (~8% of asking)
-$55,992
Est. remaining loan balance
-$275,665
Cash to seller
$368,243

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

April 2022

Original loan amount

$290,000

Est. remaining balance

$275,665

Interest rate

3.69%

Loan type

New Conventional, 30 year

Seller

Dionicio Cisneros and Magdalena Cisneros

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/22/2024 at 1:10 PM

Listing updated: 10/21/2024 at 10:55 PM

Listed by: Jorge Guerrero, Big Block Platinum Phone #: (310) 912-7515

MLS: CLAW #24450463

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