2924 S Orange Dr - Apartments FOR SALE


Los Angeles, CA 90016- West Adams
$1,649,999 USD
310-488-1789
2924 S Orange Dr, Los Angeles, CA for Sale
$1,649,999 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

2924 S Orange Dr
Los Angeles, CA 90016
West Adams


HIGHLIGHTS

  • ED 1 Eligible Site: 2929 S. Mansfield qualifies for expedited 60-day review—no hearings, fast-track approvals.
  • Strong Price Point: $228/SF—excellent value in today’s market.
  • Affordable Incentives: Eligible for height/density bonuses with 100% affordable housing.
  • Fast-Track Processing: Reduced fees + priority service via LADBS Affordable Housing Section.

OVERVIEW

Premium ED 1 Development Opportunity – Dual Parcel Offering We're excited to present a rare and strategic opportunity to acquire two adjacent properties—2929 S. Mansfield Ave (ED 1 “Eligible Site”) and 2924 S. Orange Dr. (“Review Eligibility”)—positioned for fast-track, ministerial development approval under Los Angeles’ Executive Directive 1 (ED 1). With a combined 14,417 SF of LAR3-zoned land in a Tier 3 TOC area, this portfolio offers investors exceptional potential to develop a 100% affordable housing project with significant density, height, and parking bonuses.

FOR SALE DETAILS

PRICE

$1,649,999 USD

PRICE/SF

$1,090 USD /SF

# OF UNITS

1

PRICE/UNIT

$1,649,999

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,200 SF

ZONING

LAR3

APN/PARCEL ID

5049-032-047

ASK ABOUT THIS PROPERTY

Tom WatkinsCentennial AdvisersMore Info
310-488-1789

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Tom WatkinsCentennial AdvisersMore Info
310-488-1789

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.