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Listed by Raymond Rodriguez • Equity Union
$ 4,675,000
Est. payment | /mo
13,840 SqFt
$ 4,675,000
Est. payment | /mo
13,840 SqFt
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 13,840 sqft
Price per Sqft $337
MLS Listing ID CRSR25085142
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1948
Lot Size 1.828 Acres
Property Sub-Type Comm Ind For Sale
Property Description
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 f
Location
State CA
County Los Angeles
Interior
Fireplace No
Building
Water Public
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