2
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$1,499,000
Est. payment /mo
7,502 Sqft Lot
New
744 S Carondelet St Los Angeles, CA 90057
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25527851
Lot Size 7,502 Sqft
Acres 0.1722
Property Description
The property at 744 S Carondelet St, Los Angeles, CA is a prime vacant lot offering exciting investment opportunities. It spans 7,500 square feet and is zoned R4-1 with TOC Tier 3 designation, allowing for the development of up to 19 units by right or 33 units with TOC incentives (Buyer to verify). Seller has started working on plans to build a 29-unit apartment complex consisting of 6 stories, and a desirable unit mix of studio's, one beds, and two beds. Located in a Qualified Opportunity Zone, it may provide potential tax benefits for developers (Buyer to consult with their CPA and Attorney). The site is conveniently situated near major transportation hubs, shopping, dining, and entertainment options, with easy access to the I-10, I-110, and US-101 Freeways. If you're considering this property, it could be a fantastic opportunity for residential development in a high-density area.
Location
State CA
County Los Angeles
Area Downtown L.A.
Zoning LAR4
Exterior
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Others
Special Listing Condition Standard
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Listed by Keller Williams Beverly Hills