Skip To Content

3101 S Western Ave

Los Angeles, CA 90018
  • $2,195,000
  • STATUS: Active
  • ON SITE: 19 Days
  • ID#: 21-103239
UPDATED: 37 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

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.

Monthly Payment Calculator



Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-28T17:42:29.58. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.theparsonsrealestateteam.com/homes/123137499
Print Image

3101 S Western Ave Los Angeles, CA 90018

  • Price: $2,195,000
  • Status: Active
  • On Site: 19 Days
  • Updated: 37 min ago
  • ID#: 21-103239
0
Beds
0
Baths
0
½ Baths
0.26
Acres
Neighborhood:
Mid Los Angeles
County:
Los Angeles
Area:
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

Lot Size Area 11317 View Description City View YN Yes

Property Features

Cable YN Yes Sale Type Standard Source Lot Size Area Vendor Enhanced Zoning Lac2

Listing provided courtesy of Casey Lins DRE#01902650 of Re/Max Estate Properties.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-28T17:42:29.58. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-103239-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-103239-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-103239-2.jpg
Logo
The Parsons Team | Keller Williams Realty
251 S. Lake Ave #150
Pasadena CA, 91101