Thank you
Casey Lins
Kidder Mathews of California, Inc.
858-369-3010
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 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.
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Total Bedrooms : 4
Total Baths: 3
Full Baths: 0
Half Baths: 0
Year Built: 1930
Building Area Total: 2,173
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1378
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6001
Original List Price: 2,495,000
Listing Contract Date: 2024-02-05
Listing Agreement: Seller Reserved
Parcel Number: 5049032044
Garage Description: Driveway
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C16 - Mid Los Angeles
Postal Code Plus 4: 3804
Directions: Google Maps: 2938 S Orange Dr. Los Angeles, CA 90016
Zoning: LAR3
Source Property Type: Residential Income
Area: C16 - Mid Los Angeles
Property Age: 94
Year Built Source: Vendor Enhanced
Total Square Feet Living: 2173
Levels or Stories: One
Building Total Stories: 1
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
2636 Virginia Road, Los Angeles, CA,90016 | $3,250,000 | 16 | -- | 6,936 | 6550 Sqft |
1943 S Spaulding Avenue, Los Angeles, CA,90016 | $1,060,000 | 2 | 1 | 1,095 | 6734 Sqft |
3043 S La Brea Avenue, Los Angeles, CA,90016 | $10,000,000 | -- | -- | -- | 39901 Sqft |
4120 W Jefferson Boulev.., Los Angeles, CA,90016 | $1,499,000 | -- | -- | -- | 5490 Sqft |
2155 S West View Street, Los Angeles, CA,90016 | $3,400,000 | -- | -- | 5,985 | 6000 Sqft |
5735 Bowesfield Street, Los Angeles, CA,90016 | $1,005,000 | 2 | 2 | 1,590 | 6316 Sqft |
2121 Thurman Avenue, Los Angeles, CA,90016 | $899,000 | 3 | -- | 1,412 | 5004 Sqft |
2531 Hillcrest Drive, Los Angeles, CA,90016 | $1,295,000 | 6 | -- | 3,122 | 6217 Sqft |
5700 Clemson Street, Los Angeles, CA,90016 | $3,750,000 | 12 | -- | 6,604 | 17996 Sqft |
5259 Village, Los Angeles, CA,90016 | $579,000 | 1 | 1 | 896 | 529424 Sqft |
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ByOwner last updated this listing 05/15/2024 @ 20:38
MLS: 24355364
LISTED BY: Casey Lins, Kidder Mathews of California, Inc.
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.