$2,495,000
2942 Orange Drive, Los Angeles 90016
3
Beds
2
Baths
1,980
Square feet
6,000
Lot Size
2
# Of Units
Listing Agent
Casey Lins - Kidder Mathews of California, Inc.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.
Facts & Features
| MLS® # | 24355367 |
|---|---|
| Price | $2,495,000 |
| Bedrooms | 3 |
| Bathrooms | 2.00 |
| Square Footage | 1,980 |
| Lot Size | 6,000 |
| Year Built | 1922 |
| Type | Residential Income |
| Status | Active |
| # Of Units | 2 |
Community Information
| Address | 2942 Orange Drive |
|---|---|
| Area | C16 - Mid Los Angeles |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90016 |
Amenities
| Parking Spaces | 3 |
|---|---|
| Parking | Driveway |
| Garages | Driveway |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
Additional Information
| Date Listed | February 5th, 2024 |
|---|---|
| Days on Market | 111 |
| Zoning | LAR3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Casey Lins |
|---|---|
| Office | Kidder Mathews of California, Inc. |