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$1,390,000
Est. payment /mo
0.35 Acres Lot
UPDATED:
02/18/2025 09:57 PM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24454155
HOA Y/N No
Lot Size 0.345 Acres
Property Description
*** $260,000 price reduction - $92 Land PPSF *** 1301 N. Willowbrook Ave is a unique development opportunity situated on a 15,038 SF lot, zoned COCM*, located just one 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. 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. The existing improvements include an occupied 9,509 SF two-story, courtyard-style office building. Current rent is $5800. This location benefits from excellent accessibility to public transportation, key commercial corridors, and the vibrant urban growth of Compton. For full details regarding the development potential, please refer to the marketing package, which includes the comprehensive development report by BrickWork.
Location
State CA
County Los Angeles
Area Rn - Compton N Of Rosecrans, E Of Central
Zoning COCM*
Interior
Fireplace No
Exterior
View Y/N No
View None
Building
New Construction No
Others
Senior Community No
Tax ID 6153025031
Special Listing Condition Standard
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Listed by Max Berger • Compass