2402 E 126th Street
Compton, CA 90222
0.46 acres | #SR25027342
Description
Affordable Housing Development Opportunity – 101 Units in Compton
2402 E 126th St presents a fully entitled 101-unit affordable housing project in a prime Compton location. The development includes 12 studio units and 89 one-bedroom units within a five-story wood-frame structure designed for efficiency, with no parking requirements, reducing both construction time and costs. Developers may also benefit from higher rental income by leasing to Section 8 tenants.
Ideally located one block north of El Segundo Blvd, between Alameda St and Willowbrook Ave, the site offers convenient freeway access, including the 105 Freeway (1 mile north) and the 110 Freeway (2 miles west). The property is also just minutes from the Earvin "Magic" Johnson Recreation Area, a 104-acre park featuring picnic areas, soccer fields, and fishing lakes.
Compton is undergoing a significant transformation through its Transit-Oriented Development (TOD) Specific Plan, aimed at revitalizing the Compton Transit Station into a vibrant mixed-use district with enhanced public spaces. With ongoing housing expansion and urban improvements, Compton is positioned as an attractive investment opportunity.
The remaining architect and engineer contract costs, approximately $300,000, will be fully paid by the seller, ensuring a smoother development process. Estimated RTI approval: 5 to 8 months.
Property Details
- CountyLos Angeles
- Original List Price$2,900,000
- MLS #SR25027342
- MLS #SR25027342
- Property TypePurchase
- Cost2900000
- Acres0.4553
- Utility SourcePublic
- Property SubtypeLand
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Massi Torabi (#SR165116000)
Listing Office: Nest Seekers CA Corp. (#SR0208200)
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