Home for Sale at 1109 N Mulberry Avenue, Compton, CA 90222

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1109 N Mulberry Avenue
Compton, CA 90222

Maria Olmos with Y Realty, original listing - (877) 976-5348

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Property Details

List Price:	$1,525,000
Beds:	10
Baths:	Full: 7
Status:	Active
SqFt:	4027 Square Feet
Agency:	Y Realty
Agency Phone:	(877) 976-5348

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Description/Comments

Lot Size:	0 acre(s)
Property Type:	Residential Multi Family-Duplex
Year Built:	2021
Notes:	READY TO MOVE IN. This gorgeous newer built, incredibly efficient, and modern duplex with approx 3,328 sq ft of living space and a brand new ADU with approx 800sq ft is now Move-in ready! Each townhome-style unit offers 1614 SF of living space with 4 large bedrooms 3 baths and inside laundry. One of the bedrooms is on the main floor. Each unit has a fabulous open floor plan with an abundance of natural light, central A/C & forced heating, and an in-unit laundry room. The open kitchen includes a stove, dishwasher, and microwave. The ample granite counter space and the deep self-closing cabinets make this kitchen a phenomenal and effective place to cook in. Recessed lighting throughout the homes gives each unit a very modern and sleek look. The ADU is approx 800sq ft. and has 2 bedrooms , 1 bath and inside laundry it also includes new appliances, Fridge, stove, and microwave. This building and ADU are highly efficient, with paid solar panels to help reduce electricity costs and all individually metered utilities! 4 parking spots inside the rolling gate and plenty of off-street parking. Don't miss out on this incredible opportunity to live in one of these remarkable newly built units and rent the rest! This unique property feels like a single-family house waiting for you to make it a home! Centrally located and easy access to the 710, 91, and 105 freeways! Take advantage of this amazing opportunity and start the year in your dream home.
MlsNumber:	--
ListingId:	PW24207001

Listing Provided By:	Y Realty, original listing
Phone:	(562) 824-6227
Office Phone:	(877) 976-5348
Agent Name:	Maria Olmos
Disclaimer:	Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

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Property Details

Map Details Show Map | Show StreetView

Description/Comments

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HUD Foreclosures

Foreclosure Listings Increasing