3101 S Western Avenue, Los Angeles, CA 90018

About this property

We are proud to present 3101 S Western Ave, an 11,317sf Tier 1 TOC LAC2-2D zoned development site. Located near the intersection of Jefferson Blvd & Western Ave, the site is primed for a developer to build a high yield new construction development that is located within minutes of USC, West Adams, and DTLA. The neighborhood is experiencing a resurgence of development, creative offices, and numerous businesses are placing a foothold in this proven marketplace. As a new development site, the land is zoned C2 and is situated in a 2D height district with a Tier 1 TOC designation. According to LA City and TOC guidelines, a developer may have the opportunity to build 28 units by right, or 44 units by utilizing the Tier 1 TOC density bonuses. With its corner location and alley access, the property provides flexibility for parking layouts and ingress/egress for a new building. The property currently has a 2,805sf commercial building that will be delivered 100% vacant at the close of escrow. Contact listing brokers for additional information.

Listing description from the February 2022 sale, as reported to CRMLS.

Sale history

$2,260,000

Sold February 2022 · listed $2,195,000, on market November 2021 · MLS #21103239 · Source: CRMLS

Listing Agent: Casey Lins · Listing Office: RE/MAX ESTATE PROPERTIES · Contact: 310-802-6000 · Bought with: Casey Lins · Kidder Mathews of California, Inc.

$760,000

Sold June 2019 · listed $650,000, on market May 2019 · MLS #SR19115488 · Source: CRMLS

Listing Agent: Sherrie Brown · Listing Office: Keller Williams Realty Calabasas · Contact: 818-657-6500 · Bought with: Sherrie Brown · Keller Williams Realty Calabasas

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