229 E Reeve
Compton, CA, 90220
$619,900
MLS: PW26060502
Beds
3
Baths
1
Sq Ft
1,008
Lot
0.16 ac
Year Built
1945
MLS #
PW26060502
Days on Market
1
Listed
Mar 19, 2026
Description
Welcome Home! This charming starter home is full of potential and perfect for a first-time homebuyer in the city of Compton. Featuring 3 bedrooms and 1 bath, the home offers a bright living room filled with natural light and beautiful wood flooring. The spacious kitchen includes a dedicated dining area and convenient access to a long driveway that leads to the backyard. The property also features a 2-car garage and a generously large 6,781 sized backyard—ideal for entertaining or creating your own outdoor retreat. There’s also excellent potential to add a detached ADU for additional living space or rental income. A must-see to truly appreciate the opportunity this home offers!
Location
Compton, Los Angeles County, CA 90220
Open on Google Maps ↗Listed by: Rodney Klines · Onyx Realty & Finc. Serv., Inc
Payment estimate
$4,606
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $61,990 · Loan: $557,910
- Principal & Interest
- $3,428
- Property tax (1.25%)
- $646
- Homeowners insurance
- $300
- Mortgage insurance
- $232
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Compton home with as little as 3.5% down using an FHA loan — roughly $21,697 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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