403 S Santa Fe Avenue, Compton, CA, 90221

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$4,675,000
50 Days On Site

403 S Santa Fe Avenue
Compton, CA 90221

For Sale|Multi Family|Active
0
Beds
0
Total Baths
13,840
SqFt
$338
/SqFt
1948
Built
County:
Los Angeles
Listed by Raymond Rodriguez of Equity Union [email protected]
403 S Santa Fe Avenue403 S Santa Fe Avenue403 S Santa Fe Avenue403 S Santa Fe Avenue
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Monthly Payment (Est.)

$21,329
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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.

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Listing Snapshot
Price 
$4,675,000
Days On Site 
50 Days
Bedrooms 
N/A
Inside Area (SqFt) 
13,840 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
1.828 Acres
Year Built 
1948
MLS® Number 
SR25085142
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
2 months agoListing first seen on site
2 months agoListing updated with changes from the MLS®
General Features
Acres 
1.828
Number Of Stories 
1
Property Sub Type 
Multi Family
Special Circumstances 
Standard
SqFt Total 
13840
Water Source 
Public
Interior Features
Laundry Features 
None
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Community Features
Financing Terms Available 
CashConventionalContract
MLS Area 
RO - Compton S of Rosecrans, E of Alameda


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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