744 S Carondelet ST Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90057
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
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
Exterior
Parking Features None
View Y/N No
View None
Building
Story 6
New Construction No
Others
Special Listing Condition Standard