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403 Santa Fe Avenue, Compton, CA 90221
Priced at Only: $3,500,000
For more Information Call Mobile: 714.478.6676
Address: 403 Santa Fe Avenue, Compton, CA 90221
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  • MLS#: SR25085142 ( Multi Family )
  • Street Address: 403 Santa Fe Avenue
  • Viewed: 16
  • Price: $3,500,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1948
  • Bldg sqft: 0
  • Days On Market: 152
  • Additional Information
  • County: LOS ANGELES
  • City: Compton
  • Zipcode: 90221
  • Provided by: Equity Union
  • Contact: Raymond Raymond
  • California Regional MLS IDX
  • DMCA Notice
  • 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 countys 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: comptons 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
Features
Additional Parcels Description
  1. 6179-004-020
  2. 6179-004-021
  3. 6179-004-022
Building Area Total
  1. 13840.00
Commoninterest
  1. Community Apartment
Country
  1. US
Laundry Features
  1. None
Parcel Number
  1. 6179004030
Postalcodeplus4
  1. 3243
Property Type
  1. Multi Family
Views
  1. 16
Water Source
  1. Public
Year Built
  1. 1948
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
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