403 S Santa Fe AVE Active Save Request In-Person Tour Request Virtual Tour
Compton,CA 90221
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.
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