2942 South Orange Drive

Los Angeles, CA 90016

$2,495,000
Price
3
Beds
3
Baths
1,980 Sq. Ft.
$1,260 / Sq. Ft.
1,980
Sq. Ft.
$1,260
per Sq. Ft.

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...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.
  1. Listed by Casey Lins • DRE #01902650 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.

Property Details for 2942 South Orange Drive

Zoning
LAR3
Parcel Number
5049032043
Total Units
2.0
Living Area
1980
Source Living Area
Vendor Enhanced
Area
Mid Los Angeles (C16)
Vacancy Rate
100%
Lot Size Area
6000
LISTING UPDATED: 02/13/2024 12:01 AM

Property Details for 2942 South Orange Drive

StatusActive
MLS #24-355367
Days on Market292
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.14 AC / 6,000 SF
CountyLos Angeles County

Building Information for 2942 South Orange Drive

Stories1Residences-Year Built1922Building Size-Lot Size0.14 AC / 6,000 SF

Property Information for 2942 South Orange Drive

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $0
  • Gross Rent Multiplier: $.00
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1377
  • Lot Size Square Feet: 6000
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 3
  • Parking Features: Driveway
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 02-05-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $84,704.00
  • Assessed Improvement Percent: 34.57
  • Assessed Land Value: $160,336.00
  • Assessed Land Percent: 65.43
  • Assessed Total Value: $245,040.00

Property History for 2942 South Orange Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2942 South Orange Drive

Taxable ValueLand$163,542Additions$86,398Total$249,940
Tax Record2024$3,312 ($276 / month)
Home Facts
Total Finished SqFt1,980 SqFtAbove Grade Finished SqFt1,980 SqFtLot Size6,000 SqFtStyleTriplexYear Built1922ZoningLAR3CountyLOS ANGELESAPN5049-032-043

Schools near 2942 South Orange Drive

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 5 to 8
Public - 9 to 12
Charter - K to 4
Rating
School
Distance
Cienega Elementary School
PublicK to 5

Stella Middle Charter Academy
Charter5 to 8

Susan Miller Dorsey Senior High School
Public9 to 12

Stella Elementary Charter Academy
CharterK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2942 South Orange Drive is a multi-family home for sale in Los Angeles, CA 90016. This property was listed for sale on February 5, 2024 by Kidder Mathews of California, Inc., it's currently listed at $2,495,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Cienega Elementary School, Stella Middle Charter Academy and Susan Miller Dorsey Senior High School. 2942 South Orange Drive is a 3-bed, 3-bath, 1,980 sqft multi-family home built in 1922.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kidder Mathews of California, Inc., Casey Lins, DRE #01902650

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.