This Property is no longer advertised on Showcase.com.
Off Market
1/13

3022 S Western Ave
Los Angeles, CA 90018


HIGHLIGHTS

  • Currently tenant occupied in 6,000SF warehouse on 28,000SF of land
  • C2 Zoning with Transit Oriented Community Tier 1 Designation (per ZIMAS)
  • Less than two miles from USC
  • Excellent freeway access, just south of the 10 freeway
  • Great vehicle traffic counts - ~30,000 per day on Western Avenue
  • Excellent opportunity for an owner/user or developer

OVERVIEW

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. + 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 LA City 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.

FOR SALE DETAILS

PRICE

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# OF LOTS

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LAND DETAILS

PROPERTY NAME

industrial owner/user or redevelopment opp.

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Industrial

LAND PROPOSED USE

Commercial, Industrial, Multi-Family, Apartment Units, Contractor Storage Yard, Distribution, General Freestanding, Warehouse

LAND ACRES

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LAND SF

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OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Streets, Curb/Gutter/Sidewalk, Cable, Telephone

ZONING

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APN/PARCEL ID

5053-008-004,5053-008-005,5053-008-006