3050 Edgehill Dr - Residential LAND FOR SALE


Los Angeles, CA 90018- Crenshaw8,006 SF
$650,000 USD
310-909-5422
3050 Edgehill Dr, Los Angeles, CA for Sale
$650,000 USD
Residential LAND - FOR SALE
1/7
8,006 SF

3050 Edgehill Dr
Los Angeles, CA 90018
Crenshaw


HIGHLIGHTS

  • Clean ±8,006 SF paved development parcel with no structures, tenants, leases, relocation, or Ellis Act exposure.
  • Strong entitlement profile with R2-1XL zoning, TOC Tier 3, Opportunity Zone, parking relief, and Housing Element rezoning potential.
  • Offered with adjacent 3125 W Jefferson, creating a rare two-zone assemblage with commercial frontage, parking, and redevelopment upside.

OVERVIEW

3050 Edgehill Drive is an ±8,006-square-foot paved residential development parcel in Jefferson Park / West Adams, offered for the first time in nearly five decades. Held by the same family trust since 1977, the property is delivered clean with no structures, no tenants, no leases, and no relocation or Ellis Act exposure, giving a buyer immediate control of the site. The parcel benefits from a strong entitlement profile, including R2-1XL zoning, TOC Tier 3, Opportunity Zone location, State Enterprise Zone designation, AB 2097 and AB 2334 parking relief, and Housing Element rezoning potential with a ministerial approval pathway. Located approximately one half-mile from Expo/Crenshaw Station, where the Metro E and K Lines connect, the site supports a transit-oriented residential development strategy in a supply-constrained, Westside-adjacent submarket. 3050 Edgehill is offered concurrently but separately with the adjacent 3125 W Jefferson Boulevard property, a vacant ±5,042-square-foot freestanding restaurant building on a hard corner. Historically used as dedicated parking for the restaurant, the Edgehill parcel gives a buyer the ability to acquire a clean residential development lot on its own, or combine both properties into a rare two-zone assemblage with commercial frontage, fee-owned parking, and long-term redevelopment optionality.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/ACRE

$3,536,164/AC

PRICE/SF

$81 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family

LAND ACRES

0.18 AC

LAND SF

8,007 SF

OFFSITE IMPROVEMENTS

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

ZONING

R2-1XL

APN/PARCEL ID

5051-033-012

ASK ABOUT THIS PROPERTY

Iman MossanenMarcus & MillichapMore Info
310-909-5422

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Iman MossanenMarcus & MillichapMore Info
310-909-5422

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