744 S Carondelet St — Sale in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Commercial Land
  • Location: Los Angeles, CA 90057

Description

Marcus & Millichap is pleased to present a 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 walkscore of 95, the site allows future tenants the ability to complete most shopping and entertainment tasks on foot. Investment Highlights: • Potential Covered Land Play as Parking Lot • No Structure Demolition Needed • No Relocation Payments • Tier 3 TOC with a 95 Walkscore • Located in a Qualified Opportunity Zone • Gated Lot with 50 Feet of Frontage and Alley Access

Market Context

This land in Los Angeles, CA is listed for sale. It has been on the market for 99 days. Compare it against other land listings for sale in Los Angeles, CA — view the full market.

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