Jefferson Park Redevelopment Opportunity
Market Price
3022-3104 South Western Avenue, Los Angeles, CA 90018
6,000 sqft
Combined Building Size
28,272 sqft
Combined Lot Area
Details:
Description:
• First Team Commercial Real Estate proudly presents an exceptional development opportunity in the rapidly developing Jefferson Park area. The property consists of three parcels totaling 28,272SF with Los Angeles C2, TOC Tier 1, South Los Angeles CPIO Subarea E: TOD Low zoning. Located near the intersection of Western Ave.
• Located near the intersection of Western Ave. + Jefferson Blvd., the site is primed for development into a density bonus enhanced multi-family project located near the Metro, 10, 110 and 105 freeways, USC, West Adams and Downtown Los Angeles.
• The property has approximately 245 feet of frontage along Western Avenue making it a prime development project. The area is booming with growth in various asset classes including creative offices, exciting retail projects and other multi-family buildings.
• According to the City of LA and TOC guidelines, a developer may have the opportunity to build 70 units by right, or 105 units by utilizing the Tier 1 TOC density bonuses. Please contact the City of Los Angeles for specific requirements.
• The property currently has a 6,000SF industrial warehouse with two adjacent yards that will be delivered vacant at the close of escrow. Contact listing broker with further questions.
Documents:
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Offering Memorandum
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Location
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