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Investment Highlights

  • Located in the West Adams-Baldwin Hills-Leimert Community Plan Area.

Executive Summary

This offers a rare opportunity to acquire a substantial residential lot in the West Adams-Baldwin Hills-Leimert community of Los Angeles. Zoned R1-1 for low-density residential use, the property is well-suited for single-family development in a desirable hillside setting. Located within Council District 10, the site benefits from proximity to major Los Angeles neighborhoods, employment centers, and transportation corridors. With its expansive size and established residential surroundings, this parcel provides an excellent canvas for a custom home or future development project. The property is situated in a medium residential market area and falls under the jurisdiction of the South Los Angeles Area Planning Commission. This is an exceptional chance to secure a large tract of land in a growing and well-connected part of the city.

Property Facts

Price $6,000,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use Single Family Residence
Total Lot Size 3.00 AC
Zoning LAR1 - Multiple Dwelling

1 Lot Available

Lot

Price $6,000,000
Price Per AC $2,000,000.67
Lot Size 3.00 AC

Large hillside parcel in South Los Angeles with scenic surroundings and residential zoning, ideal for custom home development.

Description

Positioned within the West Adams-Baldwin Hills-Leimert Community Plan Area, the site is zoned R1-1, allowing for low-density residential development. The parcel is part of Tract 19051 and is identified by APN 5029038001. It is situated in a hillside residential neighborhood characterized by winding streets and established homes, offering a private and scenic environment. The property is under the jurisdiction of the South Los Angeles Area Planning Commission and is not subject to historic preservation overlays or special land use restrictions. With its substantial size and favorable zoning, this parcel presents a unique opportunity for residential development in a well-located Los Angeles community.

Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
5029-038-001
Land Assessment
$501,981
Improvements Assessment
$0
Total Assessment
$501,981
  • Listing ID: 31011485

  • Date on Market: 2/21/2024

  • Last Updated:

  • Address: 3986 Cloverdale ave, Los Angeles, CA 90008

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