See all 2 photos
2 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$1,499,000
Est. payment /mo
40 Beds
52 Baths
23,388 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 23,388 sqft
Price per Sqft $64
MLS Listing ID 25540625
Bedrooms 40
HOA Y/N No
Lot Size 7,501 Sqft
Property Description
The property at 744 S Carondelet St, Los Angeles, CA is a prime VACANT lot offering exciting investment opportunities. It spans 7,500 square feet and is zoned R4-1 with TOC Tier 3 designation, allowing for the development of up to 19 units by right or 33 units with TOC incentives (Buyer to verify). Seller has started working on plans to build a 29-unit apartment complex consisting of 6 stories, and a desirable unit mix of studio's, one beds, and two beds. Located in a Qualified Opportunity Zone, it may provide potential tax benefits for developers (Buyer to consult with their CPA and Attorney). The site is conveniently situated near major transportation hubs, shopping, dining, and entertainment options, with easy access to the I-10, I-110, and US-101 Freeways. If you're considering this property, it could be a fantastic opportunity for residential development in a high-density area.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAR4
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features None
View Y/N No
View None
Building
Story 6
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5141015019
Special Listing Condition Standard
Read Less Info
Listed by Daniel Kohanbash • Keller Williams Beverly Hills
GET MORE INFORMATION
QUICK SEARCH