*** $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.
Property Details
Price:
$1,390,000
MLS #:
24454155
Status:
Active
Baths:
0
Address:
1301 N Willowbrook Avenue 6153025031
Type:
Land
Neighborhood:
rncomptonnofrosecranseofcentral
City:
Compton
Listed Date:
Oct 17, 2024
State:
CA
ZIP:
90222
Lot Size:
15,038 sqft / 0.35 acres (approx)
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- Address1301 N Willowbrook Avenue 6153025031 Compton CA
- AreaRN – Compton N of Rosecrans, E of Central
- CityCompton
- CountyLos Angeles
- Zip Code90222
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1301 N Willowbrook Avenue 6153025031
Compton, CA
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