744 S Carondelet Street
Los Angeles, CA 90057
23388 sqft | 40 beds | 0.17 acres | #25540625
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.
Property Details
- Property SubtypeResidentialIncome
- Property TypeMulti-Family
- CountyLos Angeles
- Original List Price$1,499,000
- MLS #25540625
- MLS #25540625
- Cost1499000
- Acres0.1722
- Square Feet23388
- Bedrooms40
- Stories6
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Daniel Kohanbash (#CLW-C128312)
Listing Office: Keller Williams Beverly Hills (#CLW-X74054)
Interested in Purchasing 744 S Carondelet Street?
Get an estimate on monthly payments on this property.
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
