744 S Carondelet Street, Los Angeles, CA 90057
List Price: $975K
Listing Status: Active
Original List Price: $1.1M
0Days on Market: 152
0 Bedrooms · 0 Bathrooms
Property Type: Land
Lot Size: 7,502 sq ft
MLS Number: 26698779
About This Property
$325,000 Price Reduction. Onwner Purchased for 1.3 Million. 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.
Listing provided by: Jon Emrani DRE #01427038 310-909-5500 jon.emrani@marcusmillichap.com, Marcus & Millichap
Source: CRMLS, MLS #: 26698779
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.