705 S Thorson Avenue
Compton, CA, 90221
$580,000
MLS: CV26051467
Beds
3
Baths
1
Sq Ft
973
Lot
0.12 ac
Year Built
1948
MLS #
CV26051467
Days on Market
14
Listed
Mar 24, 2026
Description
Charming 3-bedroom, 1-bathroom home located in the city of Compton, just minutes from the 710 Freeway, making commuting convenient. This home offers just under 1,000 square feet of living space and sits on a lot of over 5,000 square feet, providing a spacious backyard with plenty of potential to create your own outdoor retreat. Built in 1948, the property features a 1-car attached garage and is a great opportunity for buyers looking to add their personal touch. With a little TLC, this home can truly shine. Whether you're a first-time buyer, investor, or someone looking to customize a home to your taste, this property offers great potential in a convenient location.
Location
Compton, Los Angeles County, CA 90221
Open on Google Maps ↗Listed by: Katrina Yanez · ROA California Inc
Payment estimate
$4,329
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $58,000 · Loan: $522,000
- Principal & Interest
- $3,207
- Property tax (1.25%)
- $604
- Homeowners insurance
- $300
- Mortgage insurance
- $218
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 $20,300 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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