3043 S La Brea Ave , West Adams, Los Angeles, CA 90016

West Adams, Los Angeles, CA 90016
$14,000,000
Multi Family Townhouse

AGENTS

Bachir Oueida
  • Licensed Real Estate Salesperson
  • DRE #: 00936311
V-Card
Source of Data:
Combined Los Angeles/Westside MLS
Combined Los Angeles/Westside MLS

Property Description

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, andnortheast 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.
Show MoreShow Less

PROPERTY DETAILS

  • Exterior
    .75 Acres
  • Property Type
    Multi Family Townhouse
  • Year Built
    1948
  • MLS/Listing ID
    23-240021
  • Days On Market
    227
Listing Courtesy of Compass, Sally Forster Jones - 00558939 - 310-579-2200