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3101 S Western Avenue

Los Angeles (City), CA 90018
  • $2,195,000
  • STATUS: Active Under Contract
  • ON SITE: 73 Days
  • ID#: 21103239
Under Contract
UPDATED: 24 min ago
$2,195,000
  • 0
    BEDS
  • 0.26
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing Agent(s): Casey Lins of Re/Max Estate Properties () and Carlos Sandoval of Sand Management Group(818-652-9817)


Description

We are proud to present 3101 S Western Ave, an 11,317sf Tier 1 TOC LAC2-2D zoned development site. Located near the intersection of Jefferson Blvd & Western Ave, the site is primed for a developer to build a high yield new construction development that is located within minutes of USC, West Adams, and DTLA. The neighborhood is experiencing a resurgence of development, creative offices, and numerous businesses are placing a foothold in this proven marketplace. As a new development site, the land is zoned C2 and is situated in a 2D height district with a Tier 1 TOC designation. According to LA City and TOC guidelines, a developer may have the opportunity to build 28 units by right, or 44 units by utilizing the Tier 1 TOC density bonuses. With its corner location and alley access, the property provides flexibility for parking layouts and ingress/egress for a new building. The property currently has a 2,805sf commercial building that will be delivered 100% vacant at the close of escrow. Contact listing brokers for additional information.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-21T20:32:53.447. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Remax of Chico - The Laffins Real Estate Team. Licensed in the State of California, USA.
www.laffinsrealestate.com/homes/123136844
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3101 S Western Avenue Los Angeles (City), CA 90018

  • Price: $2,195,000
  • Status: Active Under Contract
  • On Site: 73 Days
  • Updated: 24 min ago
  • ID#: 21103239
0
Beds
0
Baths
0
½ Baths
0.26
Acres
Neighborhood:
C16 - Mid Los Angeles
County:
Los Angeles
Area:
C16 - Mid Los Angeles
Property Description
We are proud to present 3101 S Western Ave, an 11,317sf Tier 1 TOC LAC2-2D zoned development site. Located near the intersection of Jefferson Blvd & Western Ave, the site is primed for a developer to build a high yield new construction development that is located within minutes of USC, West Adams, and DTLA. The neighborhood is experiencing a resurgence of development, creative offices, and numerous businesses are placing a foothold in this proven marketplace. As a new development site, the land is zoned C2 and is situated in a 2D height district with a Tier 1 TOC designation. According to LA City and TOC guidelines, a developer may have the opportunity to build 28 units by right, or 44 units by utilizing the Tier 1 TOC density bonuses. With its corner location and alley access, the property provides flexibility for parking layouts and ingress/egress for a new building. The property currently has a 2,805sf commercial building that will be delivered 100% vacant at the close of escrow. Contact listing brokers for additional information.
Exterior Features

Parking Total 0 View City Lights View YN Yes

Property Features

Association Fee 0 Listing Agreement Exclusive Right To Sell Listing Service Full Service Senior Community YN No Special Listing Conditions Standard Zoning Lac2



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-21T20:32:53.447. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Remax of Chico - The Laffins Real Estate Team. Licensed in the State of California, USA.
 
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Remax of Chico - The Laffins Real Estate Team
1834 Mangrove Ave
Chico CA, 95926
Listing Agent(s): Casey Lins of Re/Max Estate Properties () and Carlos Sandoval of Sand Management Group(818-652-9817)