744 S Carondelet ST, Los Angeles, CA 90057
744 S Carondelet ST, Los Angeles, CA 90057
744 S Carondelet ST, Los Angeles, CA 90057
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Lucio Real Estate Group

Lucio Real Estate Group

+1(805) 512-0065
$975,000
Est. payment /mo
7,501 Sqft Lot
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Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 26698779

HOA Y/N No

Lot Size 7,501 Sqft

Lot Dimensions Assessor

Property Description

$325,000 Price Reduction. Onwner Purchased for 1.3 Million. 7,500 sq. ft. parking lot with excellent development potential. Some of the most valuable aspects of the site include its SB8 status, 50 feet of frontage with alley access, location in a Qualified Opportunity Zone, and the fact that there is no need for structure demolition or tenant relocation. The lot can be a possible covered land play by using the lot for parking, which is gated and fenced. The lot also has a Tier 3 TOC designation with a 95 walkscore. The owner has done all the work to prepare a buildable lot. The property is located in the 90057 area code, which is very close to DTLA, K-Town, and Echo Park. In the near vicinity, there are many new developments helping with the rapid gentrification of the area that has seen a 97% increase in median value from 2015 to 2025. With a walkscore of 95, the site allows future tenants the ability to complete most shopping and entertainment tasks on foot.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAR4

Interior

Fireplace No

Exterior

View Y/N Yes

View City Lights

Building

New Construction No

Others

Senior Community No

Tax ID 5141015019

Special Listing Condition Standard

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Listed by Jon Emrani Marcus & Millichap #01427038

Nearby Locations

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Lucio Real Estate Group
Lucio Real Estate Group

Broker Associate License ID: 01893011

+1(805) 512-0065

www.LucioRealEstate.com

1000 Town Center Dr #300, Oxnard, CA 93036, USA

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744 S Carondelet ST

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