2942 S Orange Dr, Los Angeles, CA 90016
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2942 S Orange Dr Los Angeles, CA 90016

$2,495,000
  • 3 Beds
  • 2 Baths
  • 1,980 Sq.Ft.
For Sale
$2,495,000 Get Pre-Qualified

Map preview of 2942 S Orange Dr, Los Angeles, CA 90016

Property Overview: 2942 S Orange Dr Los Angeles, CA has 3 bedrooms, 2 bathrooms, 1,980 living square feet and 6,000 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Casey Lins | BRE #01902650 | Kidder Mathews of California, Inc.
Last checked: 13 minutes ago | Last updated: February 13th, 2024 | Source CRMLS | DOM: 140
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Home details

Lot Sq. Ft
6,000
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24355367
City
Los Angeles
County
Los Angeles
Time on Site
163 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 2942 S Orange Dr

Interior Features
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Driveway
Property Information
  • Total # of Units: 2
  • Parcel Number: 5049032043
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Google Maps: 2942 S Orange Dr. Los Angeles, CA 90016
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Sale History for 2942 S Orange Dr

Last sold on March 3rd, 1997
  • February, 2024

  • Feb 5, 2024

    Date

    Active

    CRMLS: 24355367

    $2,495,000

    Price

  • January, 2024

  • Jan 1, 2024

    Date

    Expired

    CRMLS: 23263991

    $2,495,000

    Price

  • Apr 25, 2023

    Date

    Active

    CRMLS: 23263991

    $3,000,000

    Price

  • Listing provided courtesy of CRMLS

  • September, 2018

  • Sep 12, 2018

    Date

    Canceled

    CRMLS: DW18127555

    $1,300,000

    Price

  • Jun 18, 2018

    Date

    Pending

    CRMLS: DW18127555

    $1,300,000

    Price

  • May 30, 2018

    Date

    Active

    CRMLS: DW18127555

    $1,300,000

    Price

  • Listing provided courtesy of CRMLS

    VERY NICE TRIPLEX MUST SEE TO REALLY APPRECIATE. LAST UNIT HAS AN ATTACHED ROOM.

  • March, 1997

  • Mar 3, 1997

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • August, 1995

  • Aug 18, 1995

    Date

    Sold (Public Records)

    Public Records

    $155,000

    Price

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Tax History for 2942 S Orange Dr

Assessed Value (2020): $233,113
Year Land Value Improved Value Assessed Value
2020 $152,531 $80,582 $233,113

Home Value Compared to the Market

This property vs the competition

2942 S Orange Dr is listed 107.92% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $1260.1 per/sqft which puts the price per square foot 63.01% higher than the median price per square foot for the city of Los Angeles.

About 2942 S Orange Dr

Detailed summary of property

2942 S Orange Dr is a multi family located in Los Angeles, CA 90016 and is currently for sale. This multi family property offers 3 bedrooms, 2 bathrooms, roughly 1,980 living square feet, and sits on an approximately 6,000 square foot lot. 2942 S Orange Dr was first listed on ArdentRealEstateGroup.com on February 6, 2024. The homeowner is currently asking $2,495,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 107.92% higher than the median priced home. Local competing homes currently for sale include 4639 Lomita St, 4821 San Vicente Blvd and 1201 S Cloverdale Ave. While the average home in Los Angeles, CA is selling in 101 days, 2942 S Orange Dr has a days on market of 140 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2723 of them are single family homes while 1208 of them are condos and 114 are townhomes. For more information on this home for sale at 2942 S Orange Dr Los Angeles, CA 90016 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2942 S Orange Dr

Public county record property details
Beds
3
Baths
3
Year built
1922
Sq. Ft.
1,980
Lot Size
5,999
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
175
APN
5049-032-043

The source for these homes facts are from public records.

90016 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,095,000
Median List Price/Sq.Ft.
$744
Median Sold Price
$1,125,000
Median Sold Price/Sq.Ft.
$704
Total Inventory
76
Median Sale to List Price %
102.27%
Avg Days on Market
26
Loan Type
Conventional (15.38%), FHA (0%), VA (0%), Cash (0%), Other (23.08%)

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Related Resources to 2942 S Orange Dr

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.