3043-S La Brea Ave - Commercial LAND FOR SALE


Los Angeles, CA 90016 39,901 SF
$10,995,000 USD
310-550-2537
3043-S La Brea Ave, Los Angeles, CA for Sale
$10,995,000 USD
Commercial LAND - FOR SALE
1/4
39,901 SF

3043-S La Brea Ave
Los Angeles, CA 90016


HIGHLIGHTS

  • Located in an Opportunity Zone (10-Year Tax Incentive).
  • TOD/TOC/FAR incentives available.
  • Zoned for Mixed-Use with 92,731 SF of floor area approved.
  • Reductions in required setbacks.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$10,995,000 USD

PRICE/ACRE

$12,003,263/AC

PRICE/SF

$276 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Ideal, Affordable, House/Mixed Use Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Mixed Use, Apartment Units

LAND ACRES

0.92 AC

LAND SF

39,901 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

C1.5-1VL-CPIO & R3-1

APN/PARCEL ID

5049-032-057,5049-032-067

ASK ABOUT THIS PROPERTY

Jeff PionCBRE, Inc.More Info
310-550-2537

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Jeff PionCBRE, Inc.More Info
310-550-2537

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.