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3043 S La Brea Ave
Los Angeles, CA 90016

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Property Details


List Price: $10,000,000
Beds: --
Baths: --
Status: Active
SqFt: --
Agency: Compass

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Description/Comments


Lot Size: --
Property Type: Lots And Land
Year Built: --
Notes: 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.
MlsNumber: 23-242283


Listing Provided By: Compass, original listing
Name: Compass
Office Name: Compass
Office Phone: (310) 230-5478
Agent Name: Sally Forster Jones
Disclaimer: Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


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