2942 S Orange Dr Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90016
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,980 sqft
Price per Sqft $1,260
MLS Listing ID 24-355367
Bedrooms 3
Year Built 1922
Lot Size 6,000 Sqft
Acres 0.1377
Property Description
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.
Location
State CA
County Los Angeles
Area Mid Los Angeles
Zoning LAR3
Rooms
Other Rooms None
Interior
Heating Other
Cooling Other
Equipment Other
Exterior
Parking Features Driveway
Garage Spaces 3.0
Building
Story 1
Level or Stories One
Others
Special Listing Condition Standard