$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 availble 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 neighbor hood, 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.