We are proud to present a 12,000 square foot R3-1 Tier 3 TOC Opportunity Zone development site (2938 & 2942 S Orange Dr) located adjacent to a larger 39,902 square foot C1.5-1/R3-1 parcel that is also available for sale. In total, there is 51,902 SF of C1.5-1/ R3-1 zoned land… Read More available for sale in a contiguous assemblage in one of the hottest real estate markets in Los Angeles, West Adams. Located along the Northwest corner of Jefferson Blvd and La Brea Ave, the property is approximately 500ft away from the Exposition/La Brea Ave Metro Rail Line that provides easy access to Santa Monica, DTLA, Crenshaw, and LAX! With its proximity to public transportation, the site is zoned for Tier 3 TOC, providing developers a 70% density bonus and additional incentives for a new construction multi-family development. If you are unfamiliar with the West Adams neighborhood, nearby developments and tenants include the 1,200-unit Cumulus Development, the Apple Campus, Nike, Amazon Studios, Sony, and the +/-500,000 SF Ivy Station development. There continues to be strong development and leasing activity throughout the community with numerous sites in planning or development. If you're seeking a trendy up-and-coming neighborhood with ease of access to transportation, this is it. Read Less
Property listed by Kidder Mathews of California, Inc., Casey Lins 858-369-3010
Listing Snapshot
Days Online
190
Last Updated
Property Type
Other
Beds
3
Square Ft.
1,980
Lot Size
0.14 Acres
Year Built
1922
MLS Number
24355367
30 Days Snapshot Of 90016
$1,028k
+38%
(avg) sold price
14
+55%
homes sold
65
-55%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1922, Building area total: 1,980, Levels: One, Living area: 1980, 1 story, 2 buildings
Lot
0.1377 acres, 6,000 square feet, Size: 6,000
Parking
3 totals parking, Driveway
Property
Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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