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3043 S La Brea Ave, Los Angeles, CA 90016
$10,000,000
3043 S La Brea Ave, Los Angeles, CA 90016View this property at 3043 S La Brea Ave, Los Angeles, CA 90016
3043 S La Brea AveLos AngelesCA90016
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Property Description
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.
Full Property Details
Full Property Details for 3043 S La Brea Ave
General
- Price: $10,000,000
- Status: Active
- Type: Lots/Land
- MLS ID: 23-242283
- Updated: 12/22/2023
- Added to Site: 417 day(s) ago
Location
- Area: Mid Los Angeles
- County: Los Angeles
- Driving Directions: S La Brea Ave Jefferson
Lot Features
- Property View: Other
- Lot Size (Acres): 0.92
- Lot Size: 39901
- Lot Size Source: Assessor
- Zoning: LAC1.5
Disclosures and Reports
- Disclosures/Reports: As Is
- APN: 5049-032-057
Listed by Compass, Sally Forster Jones
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Schools
Schools serving 3043 S La Brea Ave
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
2611 S Orange Dr, Los Angeles, CA 90016 | K-5 | 0.4 mi | |
4120 11th Ave, Los Angeles, CA 90008 | 6-8 | 1.9 mi | |
3537 Farmdale Ave, Los Angeles, CA 90016 | 9-12 | 0.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3043 S La Brea Ave
Date
Details
Price
Change
Source
6/09/2023
Price Reduced
$10,000,000
-28.57%
MLS
4/07/2023
Listed
$14,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 3043 S La Brea Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$6,716
4%
$413,511
2%
2022
$6,474
2%
$405,404
2%
2021
$6,361
-1%
$397,456
1%
2020
$6,403
-83%
$393,382
-87%
2019
$38,211
579%
$3,110,796
723%
2018
$5,631
2%
$378,109
2%
2017
$5,531
4%
$370,696
2%
2016
$5,330
1%
$363,429
2%
2015
$5,265
—
$357,971
2%
2014
$5,276
—
$350,960
—
2013
$5,271
—
$349,375
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 3043 S La Brea Ave
3043 S La Brea Ave, Los Angeles, CA 90016 (MLS# 23-242283) is a Lots/Land property with a lot size of 0.9200 acres. 3043 S La Brea Ave is currently listed for $10,000,000 and was received on April 07, 2023. Want to learn more about 3043 S La Brea Ave? Do you have questions about finding other Lots/Land real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.