2942 South Orange Drive
$2,495,000
3
3
1,980
1,980
$1,260
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.
- Listed by Casey Lins • DRE #01902650 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.
Property Details for 2942 South Orange Drive
Zoning
LAR3
Parcel Number5049032043
Total Units2.0
Living Area1980
Source Living AreaVendor Enhanced
AreaMid Los Angeles (C16)
Vacancy Rate100%
Lot Size Area6000
LISTING UPDATED: 02/13/2024 12:01 AM
Property Details for 2942 South Orange Drive
Status | Active |
---|---|
MLS # | 24-355367 |
Days on Market | 292 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1922 |
Lot Size | 0.14 AC / 6,000 SF |
County | Los 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
Property History for 2942 South Orange Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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