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$ 4,675,000
Est. payment /mo
Active
403 S Santa Fe AVE Compton, CA 90221
1.83 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25085142
HOA Y/N No
Year Built 1948
Lot Size 1.828 Acres
Property Sub-Type Multi Family
Property Description
We are pleased to present a unique investment and redevelopment opportunity consisting of four contiguous properties strategically located within the Compton Station Transit-Oriented Development (TOD) Specific Plan, which aims to transform the area surrounding the Metro A Line Compton Station into a vibrant, mixed-use, transit-friendly community.
Together, the 4 lots span nearly an entire city block, extending to the prominent, signalized corner of S. Santa Fe Avenue and Myrrh Street.
Property Breakdown:
+ Eko Multipurpose Center – 403 S. Santa Fe Ave: Approximately 20,001 SF
+ Eko Multipurpose Center – 411 S. Santa Fe Ave: Approximately 30,004 SF
+ KSI Communications – 435 S. Santa Fe Ave: Approximately 9,999 SF
+ KSI Communications – 445 S. Santa Fe Ave: Approximately 19,622 SF
Key Highlights:
+ +/-145 Units By-Right: Per the City of Compton, the location allows for 80 units per acre to be built and even more if density bonuses are applied for.
+ Zero Capital Gains Tax: The property is located within an opportunity zone, and provides developers the ability to avoid some or all of the Capital Gains upon the sale depending on the hold period.
+ Expedited Approval: Per the City of Compton, projects under 80 units only go through an Administrative Review, which allows for faster approval.
+ Transit Oriented Development: Compton's TOD areas benefit from financial incentives, tax credits, density bonuses, and grants, as well as streamlined approvals.
+ $120,000 in Annual Income: One of the lots is currently leased until July 2026 and the income can assist developers offset the planning costs.
+ Must Sell - Motivated Seller: All reasonable offers will be presented and considered by ownership.
The City of Compton has been actively pursuing transit-oriented development (TOD) plans to revitalize areas adjacent to its Metro stations. Two significant initiatives in this regard are the Artesia Station Specific Plan and the Compton Station Transit-Oriented Development Specific Plan.
Compton Station Transit-Oriented Development Plan: Cover approximately 570 acres around the Compton Station at Willowbrook Avenue and Compton Boulevard, focusing on three key "Downtown" nodes: Civic Center, Commercial Core, and Historic Core/Compton Boulevard East.
Together, the 4 lots span nearly an entire city block, extending to the prominent, signalized corner of S. Santa Fe Avenue and Myrrh Street.
Property Breakdown:
+ Eko Multipurpose Center – 403 S. Santa Fe Ave: Approximately 20,001 SF
+ Eko Multipurpose Center – 411 S. Santa Fe Ave: Approximately 30,004 SF
+ KSI Communications – 435 S. Santa Fe Ave: Approximately 9,999 SF
+ KSI Communications – 445 S. Santa Fe Ave: Approximately 19,622 SF
Key Highlights:
+ +/-145 Units By-Right: Per the City of Compton, the location allows for 80 units per acre to be built and even more if density bonuses are applied for.
+ Zero Capital Gains Tax: The property is located within an opportunity zone, and provides developers the ability to avoid some or all of the Capital Gains upon the sale depending on the hold period.
+ Expedited Approval: Per the City of Compton, projects under 80 units only go through an Administrative Review, which allows for faster approval.
+ Transit Oriented Development: Compton's TOD areas benefit from financial incentives, tax credits, density bonuses, and grants, as well as streamlined approvals.
+ $120,000 in Annual Income: One of the lots is currently leased until July 2026 and the income can assist developers offset the planning costs.
+ Must Sell - Motivated Seller: All reasonable offers will be presented and considered by ownership.
The City of Compton has been actively pursuing transit-oriented development (TOD) plans to revitalize areas adjacent to its Metro stations. Two significant initiatives in this regard are the Artesia Station Specific Plan and the Compton Station Transit-Oriented Development Specific Plan.
Compton Station Transit-Oriented Development Plan: Cover approximately 570 acres around the Compton Station at Willowbrook Avenue and Compton Boulevard, focusing on three key "Downtown" nodes: Civic Center, Commercial Core, and Historic Core/Compton Boulevard East.
Location
State CA
County Los Angeles
Area Ro - Compton S Of Rosecrans, E Of Alameda
Interior
Fireplace No
Laundry None
Building
Lot Description Lot Over 40000 Sqft
Story 1
Water Public
Others
Tax ID 6179004030
Acceptable Financing Cash, Cash to New Loan, Conventional, Contract
Listing Terms Cash, Cash to New Loan, Conventional, Contract
Special Listing Condition Standard
Virtual Tour https://youtu.be/0apeUlMSwRY
Lease Land No
Listed by Raymond Rodriguez • Equity Union • 818-581-5829