$2,495,000 Price Analysis   ♡   Los 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 |
We are proud to present a 12
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 is approximately 500ft away from th 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.
Presented by Casey Lins at
Kidder Mathews of California, Inc.
Property MLS #24-355367 from TheMLSCLAW
Full Bathrooms: 3
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6000
Parking Total: 3
Calculated Total Monthly Association Fees: 0
Number of Units: 2
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 2 BedsTotal: 2, 2 BathsTotal: 1
County: Los Angeles
Directions: Google Maps: 2942 S Orange Dr. Los Angeles, CA 90016
Source Property Type: Residential Income
Area: Mid Los Angeles
Source Neighborhood: Mid Los Angeles
Parcel Number: 5049-032-043
Postal Code Plus 4: 3804
Zoning: LAR3
Source System Name: C2C
| 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 |
$2,495,000
TheMLSCLAW
Listing removed 2024-01-02
$0
TheMLSCLAW
Price Changed 2023-10-09
$2,495,000
TheMLSCLAW
Listed 2023-04-26
$3,000,000
TheMLSCLAW
Listing removed 2018-09-13
$1,300,000
CRMLS
Relisted 2018-08-02
$1,300,000
CRMLS
Listing removed 2018-06-19
$1,300,000
CRMLS
Listed 2018-05-28
$1,300,000
CRMLS
Sold 1995-08-18
$155,000
Public Record
Sold 1995-04-25
$70,000
Public Record
Year Built: 1922
Levels: One Level
Living Area Source: Vendor Enhanced
Property Age: 102
Levels or Stories: 1
Building Total Stories: 1
Year Built Source: Vendor Enhanced
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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.