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2938 S Orange Drive

Los Angeles (City), CA 90016
  • $2,495,000
  • STATUS: Active
  • ON SITE: 28 Days
  • ID#: 24355364
UPDATED: 66 min ago
$2,495,000
  • 4
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,173
    SQFT
  • $1,148
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1930
County:

School Ratings & Info

Listing Agent(s): Casey Lins of Kidder Mathews of California, Inc. (858-369-3010)


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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-05T07:32:13.247. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/147299660
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2938 S Orange Drive Los Angeles (City), CA 90016

  • Price: $2,495,000
  • Status: Active
  • On Site: 28 Days
  • Updated: 66 min ago
  • ID#: 24355364
4
Beds
0
Baths
0
½ Baths
0.14
Acres
2,173
SQFT
$1,148
$/SQFT
1930
Built
Neighborhood:
C16 - Mid Los Angeles
County:
Los Angeles
Area:
C16 - Mid Los Angeles
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.
Exterior Features

Parking Features Driveway Parking Total 3

Property Features

Association YN No Gross Income 0 Levels One Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 0 New Construction YN No Senior Community YN No Special Listing Conditions Standard Zoning LAR3



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-05T07:32:13.247. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): Casey Lins of Kidder Mathews of California, Inc. (858-369-3010)