Los Angeles, CA 90016 2938 S Orange Drive

2938 S Orange Drive Los Angeles, Ca - Image 12938 S Orange Drive Los Angeles, Ca - Image 2
Presented By: Casey Lins with Kidder Mathews of California, Inc.;
  • MLS# 24355364
  • 02/05/2024
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  • BedBeds • 4
  • BathBaths • 3
  • FootageSQFT • 2,173

Home Details

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.
Presented By: Casey Lins with Kidder Mathews of California, Inc.;

Interior Features for 2938 S Orange Drive

Bedrooms

Total Bedrooms4

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths3

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Street SuffixDrive
Total Stories1

General for 2938 S Orange Drive

Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
Days on Market8
DirectionsGoogle Maps: 2938 S Orange Dr. Los Angeles, CA 90016
Garage Y/NNo
Gross Income0.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size Square Feet6001.0
MLS AreaC16 - Mid Los Angeles
MobileHomeRemainsYNNo
Net Operating Income0.0
New ConstructionNo
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Street NameOrange
Total Units3
View Y/NNo
Waterfront Y/NNo
Year Built1930
ZoningLAR3

Exterior for 2938 S Orange Drive

Building Area Total2173.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1378
Lot Size Area6001.0
Lot Size UnitsSquareFeet
Number of Buildings2
Open Parking Y/NNo
Parking FeaturesDriveway
SpaNo
Total Parking3.0

Additional Details

Price History

1527188455

First Team Client Services

Price $2,495,000
MLS#24355364
List Date 02/05/2024
Property Type Multi-Family
Phone 714.964.3311
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