$1,200,000
For Sale

1301 N Willowbrook Avenue

Compton, CA 90222
Listing OfficeCompass
Browse 6 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

*** $92 Land PPSF & $126 Building PPSF *** 1301 N. Willowbrook Ave is a unique development opportunity and commercial property situated on a 15,038 SF lot, zoned COCM*, located 1 block north of Rosecrans and Alameda, and only 0.5 miles from the Compton Station/Metro A-Line and downtown Compton. This property offers exceptional potential for investors and developers alike. The existing improvements include an occupied 9,509 SF 2-story, courtyard-style residential/commercial building. Currently, the property is being used as a probation home with approximately 8 rooms, an operating kitchen, meeting rooms, a secured waiting room, and multiple offices. Property can be used for similar uses or for other similar uses like transitional housing (Buyer to verify). Current rent is approx. $5800. This location benefits from excellent accessibility to public transportation, key commercial corridors, and the vibrant urban growth of Compton. According to a development report by BrickWork, the new owner can develop 9 units by-right or expand the project to 20 units by leveraging AB-1287 density bonus incentives, making this an attractive prospect for maximizing residential density in a rapidly growing area. For full details regarding the development potential, please refer to the marketing package, which includes the comprehensive development report by BrickWork.

  • Property Details
      • CountyLos Angeles
      • Original List Price$1,650,000
      • Property TypePurchase
      • MLS #24454155
      • MLS #24454155
      • Cost1200000
      • Acres0.3452
      • Property SubtypeLand

Location

Camille ElminoufiReal Estate Group

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