2001 Saturn Street presents a rare and compelling investment opportunity in the heart of Monterey Park, one of the most dynamic and desirable submarkets in Los Angeles County. On January 21, 2026, the Monterey Park City Council adopted Urgency Ordinance No. 2272. This ordinance specifically impacts the Saturn Park Innovation/Technology Zone (SPITZ), where this property is located. 1. The Data Center Moratorium The City Council passed an interim moratorium that prohibits the city from processing or accepting any new applications for data center land uses within Saturn Park. 2. Implementation of Measure JJ (Ordinance No. 2270) In addition to the emergency moratorium, the city has been moving forward with Ordinance No. 2270, which updates the zoning for the entire Saturn Park area to reflect Measure JJ New Allowed Uses: The zoning has been broadened to allow for a mix of "innovation and technology" uses, including potential mixed-use residential, retail, and entertainment, rather than just traditional industrial or warehouse use. The city wants to transform the area from a quiet office/industrial park into a more dynamic "innovation hub." 3. Current Status of 2001 Saturn St The property at 2001 Saturn St (a ~50,000 sq. ft. flex/warehouse building) has recently been marketed for sale with a focus on its redevelopment potential. Current Zoning: Officially S-P (Saturn Park). Future Potential: Under the new ordinance updates, it is viewed as a prime candidate for conversion into high-density residential (R3/R4) or Mixed-Use development. he "new zoning" (Ordinance 2270) passed to allow for more diverse uses, but a "stop-gap" ordinance (Ordinance 2272) was just enacted to specifically block any data center projects while the city fine-tunes the permanent rules.