9 months on rocket

2942 S Orange Dr, Los Angeles, CA, 90016

$2,495,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
3 Baths
1,980 SqFt
$1,260/SqFt
House

Location

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2942 S Orange Dr, Los Angeles$2,495,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingDriveway
Year Built1922
MLS #24355367
Lot Size0.14 Acres
StatusActive

About 2942 S Orange Dr

We are proud to present a 12,000 square foot R3-1 Tier 3 TOC Opportunity Zone development site (2938 & 2942 S Orange Dr) located adjacent to a larger 39,902 square foot C1.5-1/R3-1 parcel that is also available for sale. In total, there is 51,902 SF of C1.5-1/ R3-1 zoned land available for sale in a contiguous assemblage in one of the hottest real estate markets in Los Angeles, West Adams. Located along the Northwest corner of Jefferson Blvd and La Brea Ave, the property is approximately 500ft away from the Exposition/La Brea Ave Metro Rail Line that provides easy access to Santa Monica, DTLA, Crenshaw, and LAX! With its proximity to public transportation, the site is zoned for Tier 3 TOC, providing developers a 70% density bonus and additional incentives for a new construction multi-family development. If you are unfamiliar with the West Adams neighborhood, nearby developments and tenants include the 1,200-unit Cumulus Development, the Apple Campus, Nike, Amazon Studios, Sony, and the +/-500,000 SF Ivy Station development. There continues to be strong development and leasing activity throughout the community with numerous sites in planning or development. If you're seeking a trendy up-and-coming neighborhood with ease of access to transportation, this is it.

Property Details

Property Features

Property Information:

  • Year Built: 1922
  • Stories: 1
  • Living Area: 1,980 SqFt

Listing Office:

  • Office Name: Kidder Mathews of California, Inc.
  • Office Phone: (858) 369-3010
  • Listing Agent: Casey Lins

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Parking: Driveway

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Other

Directions Information:

  • Directions: Google Maps: 2942 S Orange Dr. Los Angeles, CA 90016

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,495,000
  • Price Per SqFt: $1,260/SqFt

Tax Information:

  • Annual Amount: $3,067
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1542

2942 S Orange Dr vs Los Angeles

289 DAYS ON ROCKET

+251 Days

$2,495,000

+$1.4M More

$1,260/SqFt

+$619 More

KEY TAKEAWAY

This property is $1.4M more than the Median Sold Price and $619/SqFt more than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24355367

Listing Office:

  • Office Name: Kidder Mathews of California, Inc.
  • Office Phone: (858) 369-3010
  • Listing Agent: Casey Lins

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 3:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 18, 1995Home Sold
$155,000
Apr 25, 1995Home Sold
$70,000

Tax History

YEARPROP. TAXASSESSMENT
2021$3,067$235,527
2020$2,980$233,113
2019$2,897$228,543
2018$2,839$224,062
2017$2,839$219,670

History based on county public records data.

Payment Calculator

$12.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,547

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-341817
3
/10

  • Cienega Elementary School

  • 2611 S Orange Dr

  • 0.39 miles

  • Public District Grades KG-5

school-card-donut-341818
4
/10

  • Stella Elementary Charter Academy

  • 2636 S Mansfield Ave

  • 0.40 miles

  • Public Charter Grades KG-3

school-card-donut-341819
5
/10

  • Baldwin Hills Elementary School

  • 5421 Obama Blvd

  • 0.63 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $42,174. Residents of Los Angeles, CA typically earn between $35k-100k each year. Most families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2942 S Orange Dr

What is the listing price of this property?

The listing price of 2942 S Orange Dr property is $2,495,000.

What type of property is this?

The property 2942 S Orange Dr is a house located in Los Angeles, California, 90016.

Is this property for sale now?

Active Listing: 2942 S Orange Dr is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $3,067 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 18, 1995 for $155,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 2942 S Orange Dr has 3 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 2942 S Orange Dr is 1,980 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2942 S Orange Dr is 1922.

Rocket Homes›California›Los Angeles County›Los Angeles›90016›2942 S Orange Dr

This home is located at 2942 S Orange Dr in Los Angeles, CA and zip code 90016 in the South LA neighborhood. This 1,980 square foot home, which was built in 1922, sits on a 0.14 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since February 06, 2024 and is currently priced at $2,495,000.

While more than 598 listings in Los Angeles, CA in October 2024 were sold above asking price, there were more than 191 listings sold at asking price, and more than 753 were sold below. In October 2024 in Los Angeles, CA there were 11.2% more homes for sale than in September 2024. While the average time on the market in October 2024 was 38 days, the median list price was $1,023,474.

From Rocket Homes Real Estate and based on county public records data.

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