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.
The income description goes here to explain
List Price | $2,900,000 |
Property Type | Lots/Land |
Usable Sqft | Unknown |
Number of Stories | 0 stories |
Parking Spots | 0 spots |
Year Built | 0 |
Last Sold | Unknown |
Sold Price | Unknown |
HOA Fees: | $0 |
Association Name: | Unknown |
Association Amenities: | Unknown |
APN # | 6154001020 |
MLS # | SR25027342 |
Property ID | 292190769 |
Lot Sqft | 19,833 |
Zoning | LCR1YY |
Days on Market | 74 |
Original List Price | $2,900,000 |
Date Updated | February 06, 2025 |
Date Created | February 05, 2025 |
Massi Torabi an agent of Nest Seekers. Lic #02178819
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of February 06, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
2708 Wilshire Blvd #197
Santa Monica, CA 90403
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REAL ESTATE AGENT