2402 E 126Th Street, Compton, CA 90222
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Listed Price :
$2,900,000
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Beds :
N/A
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Baths :
N/A
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Property Size :
N/A sqft
Property 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.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
2402 E 126Th Street |
| City |
Compton |
| State |
CA |
| Zip |
90222 |
| County |
Los Angeles |
| Listing Agent |
Massi Torabi DRE #02178819 |
| Co-Listing Agent |
Imra Behnam DRE #01912569 |
| Courtesy Of |
Nest Seekers CA Corp. |
| List Price |
$2,900,000 |
| Status |
Active |
| Type |
Land |
| Structure Size |
N/A |
| Lot Size |
19,833 |
Listing information courtesy of: Massi Torabi, Imra Behnam, Nest Seekers CA Corp.. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 7th, 2025 at 12:39 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
