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744 S Carondelet St 0.17 Acres of Residential Land Offered at $1,100,000 in Los Angeles, CA 90057
Investment Highlights
- Potential Covered Land Play as Parking Lot
- No Relocation Payments
- Located in a Qualified Opportunity Zone
- No Structure Demolition Needed
- Tier 3 TOC with a 95 Walkscore
- Gated Lot with 50 Feet of Frontage and Alley Access
Executive Summary
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 walkscore of 95, the site allows future tenants the ability to complete most shopping and entertainment tasks on foot
Property Facts
| Price | $1,100,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.17 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | R4-1 l TOC Tier 3 l OZ | ||
| Price | $1,100,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 0.17 AC |
| Opportunity Zone |
Yes |
| Zoning | R4-1 l TOC Tier 3 l OZ |
1 Lot Available
Lot
| Price | $1,100,000 | Lot Size | 0.17 AC |
| Price Per AC | $6,395,609.12 |
| Price | $1,100,000 |
| Price Per AC | $6,395,609.12 |
| Lot Size | 0.17 AC |
1 1
Very walkable
80/100
Moderately drivable
60/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5141-015-019 | Improvements Assessment | $0 |
| Land Assessment | $1,326,000 | Total Assessment | $1,326,000 |
Property Taxes
Parcel Number
5141-015-019
Land Assessment
$1,326,000
Improvements Assessment
$0
Total Assessment
$1,326,000
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744 S Carondelet St
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