3043 South La Brea Avenue

Los Angeles, CA 90016

$10,000,000
Price
39,901 / 0.92
Lot Size / Acres

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.

Listing Agent

  1. Sally Forster Jones

    Sally Forster Jones

    Listing Agent

    Compass

    DRE #00558939

Property Details for 3043 South La Brea Avenue

Zoning
LAC1.5
Parcel Number
5049032057
Area
Mid Los Angeles (C16)
Lot Size Area
39901
Source Lot Size Area
Assessor
Assessor Parcel Number
5049-032-057
Directions
S La Brea Ave Jefferson

Location

Listing Courtesy of Compass, Sally Forster Jones, DRE #00558939
Add your commute
LISTING UPDATED: 12/22/2023 02:37 PM

Property Details for 3043 South La Brea Avenue

StatusActive
MLS #23-242283
Days on Market411
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.92 AC
CountyLos Angeles County

Location

Listing Courtesy of Compass, Sally Forster Jones, DRE #00558939
Add your commute

Virtual Tour

Building Information for 3043 South La Brea Avenue

Lot Size0.92 AC

Payment Calculator

$55,134 per month

30 year fixed, 7.25% Interest

Principal and Interest

$54,574

Property Taxes

$560

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3043 South La Brea Avenue

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: Yes
  • View Description: Other
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Special Zoning: None
  • Lot Acreage: 0.92
  • Lot Size Square Feet: 39901
  • Telephone: 1.0
  • Cable: 1.0
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 04-07-2023

Property History for 3043 South La Brea Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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3043 South La Brea Avenue is a 0.92 ac of land for sale in Los Angeles, CA 90016. This property was listed for sale on April 7, 2023 by Compass, it's currently listed at $10,000,000. It has been on the market for a total of 411 days and was last sold on November 24, 1999. 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. 3043 South La Brea Avenue is a 0-bed, 0-bath, 0.92 ac of land on a 39,901 sq. ft. / 0.92 acres lot.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Sally Forster Jones, DRE #00558939

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.