2320 Parmelee Ave, Compton, CA 90222
4.59 Acres of Residential Land Offered at $6,500,000 USD in Compton, CA 90222
For Sale
Active
Asking Price $6,500,000
- Property Type
-
Land
- Square Feet
- 199,940 SF
Listing Contacts
Bradley Luster
Property Overview
Compton development opportunity: 4.59 acres of land. Buildable area: 3.90 acres (169,884± SF). Zoned COML. Former Compton Parmelee Armory. County Assessor shows Limited Manufacturing zoning. Compton’s zoning map reflects Low Density Residential. Phase 1 and 2 environmental completed in 2014-15. NEPA (National Environmental Protection Act) completed in 2016. Environmental review for CEQA (California Environmental Quality Act) compliance completed in 2020. The City of Compton is in the process of preparing a Transit Oriented Development (TOD) Specific Plan to transform the Compton Transit Station area into a vibrant mixed-use village with access to enhanced public spaces. With TOD communities and some additional housing projects currently in the works, Compton is poised to become an attractive area to buy a home. The property is located directly across Parmelee Avenue from Centennial High School and is across Compton Creek from Dr Ronald E McNair Elementary School.
The site is one block south of El Segundo Blvd and is midway between Central Avenue and Compton Avenue. The Century (105) Freeway is situated one-mile to the north and the Harbor (110) Freeway is two-miles to the west. The 104-acre Earvin “Magic” Johnson Recreation Area is also just minutes away, and offers family picnic areas, soccer fields and beautiful fishing lakes. The city is centrally located and has abundant room for future growth. Buyer to verify accuracy of any and all information.
The site is one block south of El Segundo Blvd and is midway between Central Avenue and Compton Avenue. The Century (105) Freeway is situated one-mile to the north and the Harbor (110) Freeway is two-miles to the west. The 104-acre Earvin “Magic” Johnson Recreation Area is also just minutes away, and offers family picnic areas, soccer fields and beautiful fishing lakes. The city is centrally located and has abundant room for future growth. Buyer to verify accuracy of any and all information.
Property Details
- Property Subtype
- Residential/Multifamily
Highlights
- Compton Residential Development Site
- 4.59 Acres of Land
- Across From Centennial High School
All available spaces
- Space
- Lot 1
- Size
- 199,940 SF
- Price
- $6,500,000
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