Property Detail

Description

We are pleased to present a unique investment and redevelopment opportunity consisting of four contiguous parcels strategically located within the Compton Station Transit-Oriented Development (TOD) Specific Plan. This Specific Plan is designed to transform the area surrounding the Metro A Line Compton Station into a vibrant, mixed-use, transit-friendly community. Together, the properties encompass ±1.83 acres across nearly an entire city block, prominently located at the signalized intersection of S. Santa Fe Avenue and Myrrh Street. Existing improvements total ±15,156 square feet, comprised of two serviceable school facilities and an office/house, with one parcel currently not developed. This offering presents investors with the rare opportunity to combine short-term income stability with long-term value creation in one of Los Angeles County’s most promising transit-oriented growth corridors. Property Breakdown: 403 S. Santa Fe Ave – Multipurpose Facility Building: ±9,438 SF Construction: Brick & Concrete Condition: Serviceable Lot Size: ±20,001 SF (±0.46 AC) 411 S. Santa Fe Ave – Multipurpose Facility Building: ±4,402 SF Construction: Wood & Stucco Condition: Serviceable Lot Size: ±30,004 SF (±0.69 AC) 435 S. Santa Fe Ave – Office/House Building: ±1,316 SF Construction: Wood & Stucco Lot Size: ±9,999 SF (±0.23 AC) 445 S. Santa Fe Ave – Undeveloped Parcel Building: 0 SF Lot Size: ±19,622 SF (±0.45 AC) Totals: Existing Building Area: ±15,156 SF Total Land Area: ±79,626 SF (±1.83 AC) 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. + The property includes an income-producing component, helping offset predevelopment costs for investors + Must Sell - Motivated Seller