3043 South La Brea Avenue
3043 South La Brea Avenue
$10,000,000
39,901 / 0.92
Listed By Compass
Description
ELIGIBLE for ED1, LA's Fast-Track *Affordable Housing* Development Program. CALL AGENT FOR DETAILS! ~ Ideal, Affordable, House/Mixed Use Site. Originally priced at $14M - reduced by 25% by Highly Motivated Seller!! OPPORTUNITY ZONE!!! TIER 3!! HALF BLOCK TO METRO LA BREA STATION!! TOD/TOC/FAR!! ZONED FOR MINIMUM 164 UNITS!! Attention Developers, Builders, and Investors: An exciting, prime Jefferson Corridor development opportunity awaits in a transit-rich West Adams location just one block from the...ELIGIBLE for ED1, LA's Fast-Track *Affordable Housing* Development Program. CALL AGENT FOR DETAILS! ~ Ideal, Affordable, House/Mixed Use Site. Originally priced at $14M - reduced by 25% by Highly Motivated Seller!! OPPORTUNITY ZONE!!! TIER 3!! HALF BLOCK TO METRO LA BREA STATION!! TOD/TOC/FAR!! ZONED FOR MINIMUM 164 UNITS!! Attention Developers, Builders, and Investors: An exciting, prime Jefferson Corridor development opportunity awaits in a transit-rich West Adams location just one block from the Metro E Line (Expo) which connects Santa Monica to DTLA. COSTCO IS JOINING THE CORRIDOR. There are six parcels in total (C1.5-1VL-CPIO, R3-1). 3043 S. La Brea Avenue is strategically located on the easternmost border of a Qualified Opportunity Zone, potentially allowing an investor to capitalize on economic incentives. This location provides tax advantages for an investor, reducing capital gains by as much as 15% over a seven-year hold period and is fully exempt from capital gains tax if the investment is held for at least 10 years (buyer to verify with a qualified tax professional). Bordered by Culver City, south of LACMA, and northeast of Silicon Beach, the Jefferson Corridor has launched numerous redevelopment projects, establishing the area as a thriving commercial, tech, entertainment, and mixed-use district. The property is surrounded by innovative global market leaders and high-profile projects including Amazon Studios, Costco (upcoming), Warner Media, HBO, Whole Foods, The Grove LA, Cumulus, Exposition Park, Sony Pictures, and the new Apple Campuses.
Property Details for 3043 South La Brea Avenue
Zoning
LAC1.5
Parcel Number5049032057
AreaMid Los Angeles (C16)
Lot Size Area39901
Source Lot Size AreaAssessor
Assessor Parcel Number5049-032-057
DirectionsS La Brea Ave Jefferson
Location
LISTING UPDATED: 12/22/2023 02:37 PM
Property Details for 3043 South La Brea Avenue
Status | Active |
---|---|
MLS # | 23-242283 |
Days on Market | 429 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land Lot |
Year Built | - |
Lot Size | 0.92 AC |
County | Los Angeles County |
Location
Virtual Tour
Building Information for 3043 South La Brea Avenue
Lot Size0.92 AC
Payment Calculator
$55,134 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 3043 South La Brea Avenue
Property History for 3043 South La Brea Avenue
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 3043 South La Brea Avenue
Taxable ValueLand$197,917Additions$215,594Total$413,511
Tax Record2023$6,716 ($560 / month)
Home Facts
Total Finished SqFt7,335 SqFtAbove Grade Finished SqFt7,335 SqFtStories1Lot Size32,702 SqFtStyleCemeteriesYear Built1948ZoningLAC1.5CountyLOS ANGELESAPN5049-032-057
Schools near 3043 South La Brea Avenue
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 | |||
Public - | 9 to 12 |
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 | ||
View Park Continuation School Public9 to 12 |
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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