• 2942 S Orange Drive Los Angeles, CA 90016

  • $2,495,000
  • 3
    Bed(s)
  • 0
    Baths
  • 1,980
    Sq Ft
  • 6000
    Sqft
  • Listed By: Casey Lins, Kidder Mathews of California, Inc., DRE #01902650
  • Source: CRMLS

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.

Property Type :

Residential Income

County :

Los Angeles

Style :

Residential Income

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Property Details

 

Bedroom Information

Total Bedrooms : 3

Bathroom Information

Total Baths: 3

Full Baths: 0

Half Baths: 0

Building Information

Year Built: 1922

Building Area Total: 1,980

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.1377

Lot Size Source: Vendor Enhanced

Lot Size Square Feet: 6000

Listing Price Information

Original List Price: 2,495,000

Listing Contract Date: 2024-02-05

Lease Information

Listing Agreement: Seller Reserved

Tax Information

Parcel Number: 5049032043

Garage and Parking

Garage Description: Driveway

Homeowners Association

Rental Info

Lease Term: Negotiable

Other Property Info

Source Listing Status: Active

Source Neighborhood: C16 - Mid Los Angeles

Postal Code Plus 4: 3804

Directions: Google Maps: 2942 S Orange Dr. Los Angeles, CA 90016

Zoning: LAR3

Source Property Type: Residential Income

Area: C16 - Mid Los Angeles

Building and Construction

Property Age: 102

Year Built Source: Vendor Enhanced

Total Square Feet Living: 1980

Levels or Stories: One

Building Total Stories: 1

Nearby Home Value

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

Copyright © 2024 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 05/15/2024 @ 05:22

MLS: 24355367
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.

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