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Investment Highlights
- Clean ±8,006 SF paved development parcel with no structures, tenants, leases, relocation, or Ellis Act exposure.
- Offered with adjacent 3125 W Jefferson, creating a rare two-zone assemblage with commercial frontage, parking, and redevelopment upside.
- Strong entitlement profile with R2-1XL zoning, TOC Tier 3, Opportunity Zone, parking relief, and Housing Element rezoning potential.
Executive Summary
The parcel benefits from a strong entitlement profile, including R2-1XL zoning, TOC Tier 3, Opportunity Zone location, State Enterprise Zone designation, AB 2097 and AB 2334 parking relief, and Housing Element rezoning potential with a ministerial approval pathway. Located approximately one half-mile from Expo/Crenshaw Station, where the Metro E and K Lines connect, the site supports a transit-oriented residential development strategy in a supply-constrained, Westside-adjacent submarket.
3050 Edgehill is offered concurrently but separately with the adjacent 3125 W Jefferson Boulevard property, a vacant ±5,042-square-foot freestanding restaurant building on a hard corner. Historically used as dedicated parking for the restaurant, the Edgehill parcel gives a buyer the ability to acquire a clean residential development lot on its own, or combine both properties into a rare two-zone assemblage with commercial frontage, fee-owned parking, and long-term redevelopment optionality.
Property Facts
1 Lot Available
Lot
| Price | $650,000 | Lot Size | 0.18 AC |
| Price Per AC | $3,536,164.08 |
| Price | $650,000 |
| Price Per AC | $3,536,164.08 |
| Lot Size | 0.18 AC |
±8,006 SF paved infill development lot in Jefferson Park/West Adams, offered with adjacent 3125 W Jefferson Blvd. Vacant, unencumbered site near Expo/Crenshaw with TOC Tier 3 and Housing Element upside.
Description
3050 Edgehill Drive is an ±8,006-square-foot paved residential development parcel in Jefferson Park / West Adams, offered for the first time in nearly five decades. Held by the same family trust since 1977, the property is delivered clean with no structures, no tenants, no leases, and no relocation or Ellis Act exposure, giving a buyer immediate control of the site. The parcel benefits from a strong entitlement profile, including R2-1XL zoning, TOC Tier 3, Opportunity Zone location, State Enterprise Zone designation, AB 2097 and AB 2334 parking relief, and Housing Element rezoning potential with a ministerial approval pathway. Located approximately one half-mile from Expo/Crenshaw Station, where the Metro E and K Lines connect, the site supports a transit-oriented residential development strategy in a supply-constrained, Westside-adjacent submarket. 3050 Edgehill is offered concurrently with the adjacent 3125 W Jefferson Boulevard property, a vacant ±5,042-square-foot freestanding restaurant building on a hard corner. Historically used as dedicated parking for the restaurant, the Edgehill parcel gives a buyer the ability to acquire a clean residential development lot on its own, or combine both properties into a rare two-zone assemblage with commercial frontage, fee-owned parking, and long-term redevelopment optionality.
Property Taxes
| Parcel Number | 5051-033-012 | Improvements Assessment | $9,522 |
| Land Assessment | $31,103 | Total Assessment | $40,625 |
Property Taxes
Presented by
3050 Edgehill Dr
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