±1.82 Acre Development Opportunity 403,411,435,445 S Santa Fe Ave Terrain 0,74 ha À vendre 4 097 778 € Compton, CA 90221

Lucrum Real Estate Group is 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.
The plan envisions transforming the area into a compact, transit-oriented neighborhood with key projections that include:
+ Housing: Approximately 4,803 new residential units
+ Retail Space: Around 219,187 square feet
+ Cultural Facilities: About 129,000 square feet
+ Office Space: Approximately 217,073 square feet
The plan emphasizes improving public spaces, enhancing safety, introducing new open areas, and closing existing gaps in the bicycle and pedestrian networks to promote a pedestrian-friendly environment.
Promoting New Development and Rehabilitation: Encouraging the construction of new buildings and the renovation of existing structures to boost economic activity.
Increasing Transit Ridership: Enhancing accessibility and convenience to encourage more residents to utilize public transit.
Strengthening Local Identity: Creating a unique sense of place that reflects Compton's cultural heritage.
Creating Employment Opportunities: Fostering job creation and career advancement for residents.
Enhancing Pedestrian and Bicycle-Friendly Environments: Developing infrastructure that supports walking and cycling to reduce reliance on automobiles.
Implementation strategies may include establishing a property-based business improvement district, developing affordable housing and business incubation spaces on publicly owned land, and instituting local hire requirements for large projects.
Implementation Timeline: The implementation of these plans is expected to occur over an extended period, potentially spanning 20 to 25 years. Development on private land will depend on individual landowners' timelines, while public land improvements will proceed as resources and circumstances allow.
These initiatives reflect Compton's commitment to leveraging its transit assets to foster sustainable, community-focused development.