$1,900,000
$1M PRICE DROP

Estimated payment $11,201/month

Total Views 5,914
0.46 Acre
$4,173,073 Price per Acre
19,833 Sq Ft Lot

Highlights

  • 0.46 Acre Lot
  • No HOA
  • Park

About This Lot

2402 E 126th St presents a well-designed multifamily development offering 47 units in total, including 37 residential apartments and 10 market-rate ADUs, in a prime Compton location. The residential apartment mix features 15 market-rate units (including the manager’s unit) alongside 22 moderate-income units restricted at 80% Area Median Income (AMI), providing a balanced income profile for diverse renters. The 10 ADUs are all market-rate, enhancing flexibility and rental potential.

The project is thoughtfully planned as a three-story building with modern amenities, located near major freeways and the Magic Johnson Recreation Area, offering residents convenient access to transit and recreational facilities. The site benefits from transit proximity, and no parking is required per local incentives.

This opportunity appeals to developers and investors seeking a mix of income-restricted and market-rate housing in a growing Southern California market.

Disclaimer:
Plans are conceptual and not yet approved. Buyer is responsible for verifying all zoning, permits, and development feasibility independently.

Listing Agent

Massi Torabi

Nest Seekers CA Corp. Brokerage Phone: 818-268-8869 License #02178819 Listed on: 02/06/2025

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $11,153

Lot Details

  • 0.46 Acre Lot
  • Property is zoned LCR1YY

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 340
  • Assessor Parcel Number 6154001020
  • $816,000 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association

Recreation

  • Park

Property Details

Property Type

Land

Est. Annual Taxes

$11,153

Lot Details

0

Listing Details

  • Other Phone Description: Ben Behnam
  • Other Phone Number: 213-926-5932
  • View: No
  • Zoning: LCR1YY
  • Property Type: Land
  • Parcel Number: 6154001020
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 95.80

Utilities

  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Park, Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 19833.00
  • Lot Size Acres: 0.4553

Multi Family

  • Lot Size Area: 19833.0000 Square Feet

Tax Info

  • Tax Census Tract: 5415.00
  • Tax Lot: 340
  • TaxOtherAnnualAssessmentAmount: 816000.00

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,153 $1,480,000 $1,480,000 --
2024 $11,153 $816,000 $612,000 $204,000
2023 $7,728 $536,419 $465,190 $71,229
2022 $7,216 $525,902 $456,069 $69,833
2021 $7,354 $515,591 $447,127 $68,464
2020 $7,212 $510,565 $442,543 $68,022
2019 $7,154 $500,560 $433,866 $66,694
2018 $6,759 $490,751 $425,359 $65,392
2016 $6,123 $452,700 $396,117 $56,583
2015 $5,804 $445,901 $390,167 $55,734
2014 $6,397 $388,583 $321,262 $67,321
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2025 09/08/25 Price Changed $1,900,000 -34.5% --
02/06/2025 02/06/25 For Sale $2,900,000 +262.5% --
06/28/2023 06/28/23 Sold $800,000 +14.4% $543 / Sq Ft
05/25/2023 05/25/23 Pending -- -- --
05/11/2023 05/11/23 For Sale $699,000 -- $475 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,480,000 Chicago Title Company
Grant Deed $800,000 Provident Title Company
Interfamily Deed Transfer -- Provident Title Co
Gift Deed -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $860,000 New Conventional
Previous Owner $600,000 New Conventional
Previous Owner $350,000 New Conventional
Previous Owner $175,000 Stand Alone Second
Previous Owner $100,000 Stand Alone Second
Previous Owner $110,000 Purchase Money Mortgage
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25027342

California Regional Multiple Listing Service (CRMLS)

APN: 6154-001-020