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.
This property is $1.4M more than the Median Sold Price and $620/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
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: 12/22/2024, 2:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Aug 18, 1995
Aug 18, 1995Home Sold
$155,000
Apr 25, 1995
Apr 25, 1995Home Sold
$70,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
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.
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NMLS#3030
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Cienega Elementary School
2611 S Orange Dr
Distance between this listing and this school0.39 miles
Public District Grades KG-5
4
/10
Stella Elementary Charter Academy
2636 S Mansfield Ave
Distance between this listing and this school0.40 miles
Public Charter Grades KG-3
5
/10
Baldwin Hills Elementary School
5421 Obama Blvd
Distance between this listing and this school0.63 miles
Public District Grades KG-5
Nearby Schools
5
/10
Stella Middle Charter Academy
4301 W Martin Luther King Jr Blvd
Distance between this listing and this school0.90 miles
Public Charter Grades 5-8
3
/10
The City
5753 Obama Blvd
Distance between this listing and this school0.96 miles
Public Charter Grades 6-8
6
/10
New los Angeles Charter
1919 S Burnside Ave
Distance between this listing and this school1.00 miles
Public Charter Grades 6-8
Nearby Schools
1
/10
View Park Continuation
4701 Obama Blvd
Distance between this listing and this school0.51 miles
Public District Grades 9-12
2
/10
Dorsey High School
3537 Farmdale Ave
Distance between this listing and this school0.53 miles
Public District Grades 9-12
8
/10
Los Angeles Center for Enriched Studies
5931 W 18th St
Distance between this listing and this school1.55 miles
The neighbors living near this home have an average income of $42,174. Typical income of Los Angeles, CA residents is between $35k-100k annually. Typical family type is 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.
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 512 listings in Los Angeles, CA in November 2024 were sold above asking price, there were more than 177 listings sold at asking price, and more than 657 were sold below. Between October 2024 and November 2024, Los Angeles, CA real estate market has seen decrease in the number of listings by 0.6%. In November 2024, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $1,021,532.
From Rocket Homes Real Estate and based on county public records data.
1 (855) 200-2001
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. 
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