2938 S Orange Drive

Los Angeles, CA 90016

$2,495,000

List Price

4

bed Beds

3

shower Baths

2,173 sqft

straighten / sqft

1930

calendar_month Built

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.

Listing Information

List Price $2,495,000
Status Active
MLS 24355364
Type Residential Income
Year Built 1930
Lot Size 6,001
Structure Size 2,173
DOM 190
Courtesy Of Kidder Mathews of California, Inc.
Listing Agent Casey Lins DRE#01902650

Interior Features

Total Bedroom
Bedrooms 4
Total Bathroom
Bathrooms 3

Exterior Information

Maps

Listing information courtesy of: Casey Lins, Kidder Mathews of California, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:53 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.