CA > Compton
Compton, CA 90222,2402 E 126th ST
$2,900,000
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0.46 Acres Lot
Active

2402 E 126th ST Compton, CA 90222

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Jenny Wu

Jenny Wu

+1(909) 569-8888

UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR25027342

HOA Y/N No

Lot Size 0.455 Acres

Property Description

Affordable Housing Development Opportunity – 101 Units in Compton
2402 E 126th St presents a 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.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Zoning LCR1YY

Interior

Fireplace No

Exterior

Community Features Park, Sidewalks, Urban

View Y/N No

View None

Building

Water Public

New Construction No

Others

Senior Community No

Tax ID 6154001020

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Massi Torabi • Nest Seekers CA Corp. • 818-268-8869

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agent

Jenny Wu

Agent | License ID: 01817291

+1(909) 569-8888

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2402 E 126th ST

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