2402 126th Street

Compton, CA 90222

$1,695,000

Listed Price
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straighten $85 / sqft

calendar_month Built

Property Description

We are pleased to present 2402 E 126th St, a 100% affordable development project for 101 units in Compton, CA. The project comprises 12 studio units and 89 one-bedroom units, designed with 5 wooden frame stories, with no parking requirements. This will reduce both the time and cost to build. The developer can potentially rent to Section 8 tenants, which will generate higher rents.The location of the project is ideal, as it is situated one block north of El Segundo Blvd, midway between Alameda Street and Willowbrook Avenue. The Century (105) Freeway is just a mile to the north, and the Harbor (110) Freeway is two miles to the west. The Earvin "Magic" Johnson Recreation Area, which spans 104 acres, is also just minutes away. It offers family picnic areas, soccer fields, and beautiful fishing lakes.The City of Compton is currently working on a Transit Oriented Development (TOD) Specific Plan. This plan aims to turn the Compton Transit Station area into a dynamic mixed-use village with access to improved public spaces. By developing TOD communities and additional housing projects, Compton is set to become an appealing location to purchase a home. The city is located in a central area with ample space for future expansion.

Interior Features

Bedroom Information
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Listing Information

Address 2402 126th Street
City Compton
State CA
Zip 90222
County Los Angeles
Listing Agent Filip Niculete DRE#01905352
Co-Listing Agent Glen Scher DRE#01962976
Courtesy Of Marcus & Millichap
MLS 24348857
List Price $1,695,000
Status Active
Type Land
Structure Size N/A
Lot Size 19,828
DOM 48

Exterior Information

Maps

Listing information courtesy of: Filip Niculete, Glen Scher, Marcus & Millichap . *Based on information from the Association of REALTORS/Multiple Listing as of Mar 18th, 2024 at 4:16 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.