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3050 Edgehill Dr 0.18 Acres of Residential Land Offered at $675,000 in Los Angeles, CA 90018
Investment Highlights
- ±8,006 SF Infill Development Site — Clean, buildable parcel with no existing structures or tenancy.
- Opportunity Zone & Housing Element Site — Offers additional potential development and tax advantages.
- TOC Tier 3 / TOIA 2 — Positioned within multiple transit-oriented development incentive areas.
- Excellent Transit Access — Approximately 0.5 miles from the Expo/Crenshaw Metro station.
Executive Summary
Currently improved as a paved surface parking lot with no structures or tenancy, the site offers a clean slate for future development. Its transit-oriented location and layered development incentives make it a compelling opportunity for a residential developer seeking a well-located infill site in central Los Angeles.
Property Facts
| Price | $675,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| Sale Condition | Redevelopment Project | Total Lot Size | 0.18 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land | ||
| Zoning | R2-1XL - R2-1XL | ||
| Price | $675,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.18 AC |
| Opportunity Zone |
Yes |
| Zoning | R2-1XL - R2-1XL |
1 Lot Available
Lot 5051033012
| Price | $675,000 | Lot Size | 0.18 AC |
| Price Per AC | $3,672,170.39 |
| Price | $675,000 |
| Price Per AC | $3,672,170.39 |
| Lot Size | 0.18 AC |
3050 S. Edgehill Drive is an approximately 8,006 SF infill residential development lot in Jefferson Park, just north of Jefferson Boulevard.
Description
3050 Edgehill Drive is a vacant residential development parcel located in the Jefferson Park/West Adams area of Los Angeles. The site consists of approximately 8,006 square feet with roughly 50 feet of frontage along Edgehill Drive and alley access along the southern boundary. Currently utilized as surface parking, the property contains no structures or residential improvements. The parcel is situated within a transit-oriented corridor approximately one-half mile from the Expo/Crenshaw Station, providing connectivity throughout Los Angeles via the Metro E and K Lines. Zoning is identified as R2-1XL with a Low Medium I Residential General Plan designation. Additional development-related designations include TOC Tier 3, Opportunity Zone status, State Enterprise Zone designation, and Housing Element site identification. Its location near Jefferson Boulevard places the property within an established residential neighborhood experiencing ongoing infill development activity.
Property Taxes
| Parcel Number | 5051-033-012 | Improvements Assessment | $9,522 |
| Land Assessment | $31,103 | Total Assessment | $40,625 |
Property Taxes
