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Land — 744 S Carondelet Street, Los Angeles, CA

$1,100,000

744 S Carondelet Street, Los Angeles, CA

$1,100,000 — 744 S Carondelet Street, Los Angeles, CA — photo 1 $1,100,000 — 744 S Carondelet Street, Los Angeles, CA — photo 2 $1,100,000 — 744 S Carondelet Street, Los Angeles, CA — photo 3 $1,100,000 — 744 S Carondelet Street, Los Angeles, CA — photo 4 $1,100,000 — 744 S Carondelet Street, Los Angeles, CA — photo 5
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About this property

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.

Property details

Property type
Land

Location

744 S Carondelet Street • Los Angeles, CA 90057

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Listed by

Jon Emrani · Marcus & Millichap

Listing courtesy of Marcus & Millichap. Information deemed reliable but not guaranteed.

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