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505 S Mayo Ave, Compton, CA, 90221

$875,000

Home List Price

$10,000*

Closing Credit

6 Bedrooms
3 Full Baths
1,852 SqFt
$472/SqFt
House

Location

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505 S Mayo Ave, Compton$875,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Garage1 space
Year Built1924
HeatingCentral
CoolingCentral Air
FireplaceGas, Living Room, Wood Burning
ViewNeighborhood
Private PoolYes
MLS #IV24219694
Lot Size0.15 Acres
StatusActive

About 505 S Mayo Ave

This charming cottage in Compton offers appealing features for both large families and investors. Here’s a closer look at the key aspects: Property Highlights: Cottage Charm: The cozy design of the main cottage creates a welcoming atmosphere, ideal for family living or entertaining guests. Detached ADU (Accessory Dwelling Unit): This separate living space provides additional privacy and versatility, whether for guests, extended family, or rental income. Pool: A pool enhances outdoor living, providing a perfect spot for relaxation, recreation, and summer gatherings. Spacious Layout: With six bedrooms and three bathrooms, this single-story home accommodates larger families comfortably and offers plenty of room for personal space. Ideal for: Large Families: The ample bedrooms and bathrooms cater to family needs, ensuring comfort and convenience. Investment Opportunities: The ADU can serve as a rental unit, increasing potential income, while the main home provides a sizable living space for tenants or a larger family. Location Benefits: Quiet Neighborhood: Nestled in a peaceful area, it offers a serene environment, while still being accessible to local amenities and services. If you’re considering this property for your family or as an investment, think about how you might utilize the space. Would you prioritize indoor living, outdoor entertaining by the pool, or generating rental income from the ADU? Such considerations can help maximize the benefits of this property.

Property Details

Property Features

Property Information:

  • Year Built: 1924
  • Stories: 1
  • Living Area: 1,852 SqFt

Listing Office:

  • Office Name: EXP REALTY OF SOUTHERN CALIFORNIA INC.
  • Office Phone: (714) 404-1722
  • Listing Agent: JAMIE DAVIS

Interior Features

Interior Information:

  • Interior: All Bedrooms Down
  • Fireplace: Gas, Living Room, Wood Burning

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • View: Neighborhood

Parking Information:

  • Garage Space: 1 space

Lot Features

Lot Information:

  • Lot: Back Yard, Front Yard
  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: LONG BEACH BLVD LEFT ON ALONDRA, MAKE A RIGHT ON MAYO AND THE HOME IS ON THE LEFT

Price Information

Listing Price Info

Price Summary:

  • List Price: $875,000
  • Price Per SqFt: $472/SqFt

Tax Information:

  • Annual Amount: $1,533
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Compton, CA.

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Compton, CA

City

Med. Sold Price

$630.3K

Med. Price/SqFt

$529

Avg. Days On Market

21

# of Sold Homes

29

505 S Mayo Ave vs Compton

59 DAYS ON ROCKET

+38 Days

$875,000

+$244.6K More

$472/SqFt

-$57 Less

KEY TAKEAWAY

This property is $244.6K more than the Median Sold Price and $57/SqFt less than other homes in Compton, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #IV24219694

Listing Office:

  • Office Name: EXP REALTY OF SOUTHERN CALIFORNIA INC.
  • Office Phone: (714) 404-1722
  • Listing Agent: JAMIE DAVIS

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 7:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$1,533$51,571
2020$6,777$384,700
2019$1,212$377,158
2018$1,188$49,064
2017$1,188$48,103

History based on county public records data.

Payment Calculator

$4,435

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,690

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-909347
4
/10

  • Ralph Waldo Emerson Elementary School

  • 1011 E Caldwell St

  • 0.50 miles

  • Public District Grades PK-6

school-card-donut-909348
7
/10

  • Augusta A. Mayo Elementary School

  • 915 N Mayo Ave

  • 0.75 miles

  • Public District Grades KG-5

school-card-donut-909349
6
/10

  • Stephen C. Foster Elementary School

  • 1620 N Pannes Ave

  • 1.14 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $63,462. The majority of Compton, CA residents have income between $35k-100k annually. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 505 S Mayo Ave

What is the listing price of this property?

The listing price of 505 S Mayo Ave property is $875,000.

What type of property is this?

The property 505 S Mayo Ave is a house located in Compton, California, 90221.

Is this property for sale now?

Active Listing: 505 S Mayo Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,533 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 505 S Mayo Ave has 6 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 505 S Mayo Ave is 1,852 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 505 S Mayo Ave is 1924.

Rocket Homes›California›Los Angeles County›Compton›90221›505 S Mayo Ave

This home is located at 505 S Mayo Ave in Compton, CA and zip code 90221 in the The Southeast neighborhood. This 1,852 square foot home, which was built in 1924, sits on a 0.15 acre lot. Features: 6 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 23, 2024 and is currently priced at $875,000.

While more than 21 listings in Compton, CA in November 2024 were sold above asking price, there were more than 0 listings sold at asking price, and more than 8 were sold below. Between October 2024 and November 2024, Compton, CA real estate market has seen decrease in the number of listings by 1.1%. While the average time on the market in November 2024 was 21 days, the median list price was $630,375.

From Rocket Homes Real Estate and based on county public records data.

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