2938-2942 Orange Dr - Development Site-Potential 60ksf+ Assemblage
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2938-2942 Orange Dr - Development Site-Potential 60ksf+ Assemblage
0.28 Acres of Commercial Land Offered at $4,990,000 in Los Angeles, CA 90016
Investment Highlights
- 50ksf+ Land Assemblage Opportunity
- Tier 3 TOC
- Opportunity Zone Location
- +/-500' from Metro Rail Line
Executive Summary
Price reduced $1M+! We are proud to present a 12,000 square foot R3-1 Tier 3 TOC Opportunity Zone development site 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.
Contact the listing broker team for additional information on 2938 & 2942 S Orange Dr.
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.
Contact the listing broker team for additional information on 2938 & 2942 S Orange Dr.
Property Facts
| Price | $4,990,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Conditions | 1031 Exchange | Total Lot Size | 0.28 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Price | $4,990,000 |
| Sale Type | Investment |
| Sale Conditions | 1031 Exchange |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.28 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $4,990,000 | Lot Size | 0.28 AC |
| Price Per AC | $18,113,706 |
| Price | $4,990,000 |
| Price Per AC | $18,113,706 |
| Lot Size | 0.28 AC |
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Walk Score ®
Very Walkable (84)
Bike Score ®
Very Bikeable (80)
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2938-2942 Orange Dr - Development Site-Potential 60ksf+ Assemblage
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