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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DAYS ON MARKET
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295
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LAST UPDATED
|
9/4/2024
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YEAR BUILT
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1930
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COMMUNITY
|
Mid Los Angeles
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COUNTY
|
Los Angeles
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STATUS
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Active
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PROPERTY TYPE(S)
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Residential Income
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| AREA |
Mid Los Angeles |
| GARAGE |
Driveway |
| LOT |
6001 sq ft |
| PARKING |
Driveway |
| STORIES |
1 |
| ZONING |
LAR3 |
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Listed with Kidder Mathews of California, Inc.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/26/24 8:32 AM PST 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
This IDX solution is (c) Diverse Solutions 2024.
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