$2,495,000 Price Analysis 2942 S Orange DrLos Angeles, CA 90016 3 bed 3 bath 1,980 SqFt ($1260/SqFt) 6,000SqFt lot. Built 1922 Listed 2024-02-06, Taxes $3,117 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
000 square foot R3-1 Tier 3 TOC Opportunity Zone development site (2938 and 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 s 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, providin g 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.
Presented by Casey Lins at
Kidder Mathews of California, Inc.
Property MLS #24-355367 from TheMLSCLAW
Year | Assessments Building + Land Total | Tax |
---|---|---|
2022 | $83,044 + $157,193 $240,237 | $3,117 |
2021 | $81,416 + $154,111 $235,527 | $3,067 |
2020 | $80,582 + $152,531 $233,113 | $3,092 |
2019 | $79,002 + $149,541 $228,543 | $2,980 |
2018 | $77,453 + $146,609 $224,062 | $2,897 |
2017 | $75,935 + $143,735 $219,670 | $2,838 |
2016 | $74,447 + $140,917 $215,364 | $2,755 |
2015 | $73,329 + $138,801 $212,130 | $2,717 |
2014 | $71,893 + $136,083 $207,976 | $2,746 |
2013 | $71,569 + $135,468 $207,037 | $2,740 |
2012 | $70,166 + $132,812 $202,978 | $2,773 |
2010 | $68,791 + $130,208 $198,999 | $2,729 |
2009 | $68,440 + $129,543 $197,983 | $2,629 |
2009 | $68,277 + $129,235 $197,512 | $2,629 |
2008 | $67,099 + $127,003 $194,102 | $2,524 |
2007 | $65,784 + $124,513 $190,297 | $2,438 |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.