11003 Compton Ave, Los Angeles, CA 90059

Property Description

Now being offering For Sale for the first time in over 60 years! Currently, the property features a modest improvement across an underdeveloped lot, along with a rare and active billboard lease. The building is "grandfathered in" as commercial but the land has since been re-zoned for residential use (LAR2); offering a variety of options for redevelopment. Additionally, this property is being offered for sale at the same time as property directly "next door" offering a savvy investor the ability to purchase both. Thus increasing the potential for what may be built or done to the properties if acquired together. The Watts area is under rapid re-development including the recent building of Freedom Plaza, to compliment the rebuilding 100s of new units at the Jordan Downs Housing Complex. The nearby Nickerson Gardens and Imperial Courts are slated for similar development as well, furthering the economic activity in the area and providing much needed new housing. Located just minutes away from Downtown Los Angeles with close proximity to 105, 110, 710 and 605 Freeways; making it ideal for transit to area employers and attractions. Contact me today to set up your showings or with any questions! Additionally, the adjacent property at 1570 E. 110th St is listed for sale at the same time, offering the chance to assemble both properties. See MLS Listing #26767937 for more information.