2402 E 126th Street

Compton, CA 90222

  • 0 Sqft
  • 19833
    Sqft(Lot)
$2,900,000

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 Type

    Land

  • County

    Los Angeles

  • Style

    Land

  • AD ID

    48533066

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Property Details

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.4553
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 19833

  • Listing Price Information

    • Original List Price: 2,900,000
    • Listing Contract Date: 2025-02-05

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 6154001020

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 699 - Not Defined
    • Postal Code Plus 4: 1508
    • Directions: Take I-105 East, exit at Central Avenue, head north for about 2 miles, turn right onto E 126th Street, and the destination will be on your left.
    • Zoning: LCR1YY
    • Source Property Type: Land
    • Area: 699 - Not Defined

    Building and Construction

    • Year Built Source: Vendor Enhanced
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BuyOwner last updated this listing 02/21/2025 @ 11:02

  • MLS: SR25027342
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Land, with 0 bedrooms which is for sale, it has 0 sqft, 19,833 sized lot, and 0 parking. A comparable Land, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Compton , in zip code 90222, this Los Angeles County Land are nearby neighborhoods.