Condominium buy in Compton California

This opportunity consisting of 6 contiguous parcels of property zoned Limited Commercial "CL", consisting of a total of 24,185+/- square feet of semi-improved land, with two (2) Free Standing buildings that consist of one Single-Story 2,334+/- square feet - corner commercial building & one (2) Two-Story 4,800+/- square feet inline commercial building. APN: 6181-031-029; 6181-031-030; 6181-031-031; 6181-031-032; 6181-031-033; 6181-031-039. Developable land with 276+/- feet of frontage on the Alondra Boulevard. Developable land with 276+/- feet of frontage on the Alondra Boulevard. The subject property provides an annual rental income being the greater of $1,800 per year or 25% of the revenue per year for the existing billboard. ENTITLEMENTS: The Subject Property is currently unentitled and will require a landowner and/or land developer to apply for entitlements. Current zoning is Limited Commercial Zone (C-L) and provides for neighborhood, community, and regional retail business with a wide range of uses from Auto supply stores, Auto parking lots to Live work units. Subject Property is also located in an Opportunity Zone; Census Tract 5421.06. LOCATION: 4603-4617 E. Alondra Blvd ('Subject Property') is Centrally located along Alondra Blvd west of 710 Long Beach Freeway, south of south of Interstate 105, less minutes of the 91 and with access to employment centers throughout the Los Angeles, Orange and San Diego counties. Property is subject to the termination of existing escrow and pending legal matter with current Buyer. MLS® ID: CV20172522 Listed: 8/21/20 Updated: 10/17/22 Interior Features Total Bedrooms: 0 Total Bathrooms: 0 Laundry Description: None Exterior/Building Features Lot Size: 0.56 acres lot Lot Details: Corner Lot, Level, Near Public Transit, Rectangular Lot, Value In Land, Walkstreet Other Property Details Area Name: RO - Compton S of Rosecrans, E of Alameda Garage: No Parking: N View: N County: Los Angeles Utilities: Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available Water Source: Public Pool: No Total Stories: 2 Zoning: Limited Commercial Property History Date Event Price Value 9/28/22 Active - - 9/28/22 Price Change $2,100,000 119% 7/26/22 Active Under Contract - - 7/14/22 Price Change $1,754,000 -16% 3/19/22 Active - - 11/24/21 Active Under Contract - - 10/12/21 Price Change $2,100,000 119% 10/12/21 Active - - Courtesy of CHAVEZ & ASSOCIATES REBF, INC, ERIC CHAVEZ, Listing Contact: Based on information from California Regional Multiple Listing Service, Inc. as of 10/17/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.