The property at 744 S Carondelet St, Los Angeles, CA is a prime vacant lot offering exciting investment opportunities. It spans 7,500 square feet and is zoned R4-1 with TOC Tier 3 designation, allowing for the development of up to 19 units by right or 33 units with TOC incentives (Buyer to verify). Seller has started working on plans to build a 29-unit apartment complex consisting of 6 stories, and a desirable unit mix of studio’s, one beds, and two beds. Located in a Qualified Opportunity Zone, it may provide potential tax benefits for developers (Buyer to consult with their CPA and Attorney). The site is conveniently situated near major transportation hubs, shopping, dining, and entertainment options, with easy access to the I-10, I-110, and US-101 Freeways. If you’re considering this property, it could be a fantastic opportunity for residential development in a high-density area.
Property Details
Price:
$1,499,000
MLS #:
25527851
Status:
Active
Baths:
0
Address:
744 S Carondelet Street 5141015019
Type:
Land
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
May 5, 2025
State:
CA
ZIP:
90057
Lot Size:
7,502 sqft / 0.17 acres (approx)
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- Address744 S Carondelet Street 5141015019 Los Angeles CA
- AreaC42 – Downtown L.A.
- CityLos Angeles
- CountyLos Angeles
- Zip Code90057
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Courtesy of Keller Williams Beverly Hills. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.744 S Carondelet Street 5141015019
Los Angeles, CA
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