$599,999
For Sale

1220 S Long Beach Boulevard

Compton, CA 90221
0.18 acres | #DW24164829
Listing OfficeCentury 21 Allstars
Browse 5 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

Attention builders and investors! Here's your chance to unlock the potential of a prime lot in a high-demand area. This property comes with a valuable Conditional Use Permit, allowing you to transform the commercially zoned land into a multi-family development.
The approved project envisions a three-story building featuring four spacious 2-bedroom units and an attached 2-bedroom ADU. The first floor is designed to include six private car garages, providing ample parking, along with the ADU, offering flexibility and potential rental income. The second and third floors each house two well-designed 2-bedroom units, catering to modern living needs.
This is an excellent opportunity for those looking to develop a property with great potential in a desirable location. With the Conditional Use Permit in hand, you're already ahead of the curve—now it's time to bring this project to life and maximize your return on investment.
Don’t miss out on this chance to create a standout multi-family development. The groundwork is set; all it needs is your vision and expertise!

  • Property Details
      • CountyLos Angeles
      • MLS #DW24164829
      • MLS #DW24164829
      • Lot DescriptionCornerLot
      • Property TypePurchase
      • Original List Price$599,999
      • Acres0.1784
      • Utility SourcePublic
      • Cost599999
      • Property SubtypeLand

Location

Gary ElminoufiReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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