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Active
744 S Carondelet Street Los Angeles, CA 90057
7,502 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CL26698779
HOA Y/N No
Lot Size 7,502 Sqft
Acres 0.1722
Property Sub-Type Unimproved Land
Property Description
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.
Location
State CA
County Los Angeles
Zoning LAR4
Interior
Fireplace No
Exterior
View Y/N true
View City Lights
Building
New Construction No
Others
Tax ID 5141015019
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Listed by Jon Emrani • Marcus & Millichap