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Gated Parking Lot with SB8
For Sale
$975,000

744 S Carondelet St, Los Angeles, CA 90057

7,500 sq. ft. fenced and gated parking lot with 50 feet of frontage and alley access, positioned for SB8 projects.

Property SizeContact for details
Days on Market154

Property Features for 744 S Carondelet St

General Information

Standard status Active
Property subtype LAND

Site & Location

Road Access Yes
Fenced Yard Yes

Additional Details

Opportunity Zone Yes
Listing Agency: Marcus & Millichap
Listed By: Jon Emrani · License #01427038
Source: Rochellemaize
Added: Apr 10 Changed: Sep 10 Last Checked: Sep 10 at 7:29AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap

Investment Insights

Based on property information with market context.

This 7,500 sq. ft. parking lot is fenced and gated, and it has been prepared as a buildable site. The property features 50 feet of frontage with alley access, and the current site setup is described as requiring no structure demolition or tenant relocation.

The site is identified as having SB8 status, a Qualified Opportunity Zone designation, and a Tier 3 TOC designation with a 95 walk score. The owner has completed work to prepare the lot for development.

With alley access and the ability to operate the existing gated parking setup, the property can be utilized as parking while aligning with the stated entitlement framework for future redevelopment.

Key Highlights

  • 7,500 sq. ft. fenced and gated parking lot with 50 feet of frontage and alley access
  • SB8 status and Qualified Opportunity Zone location
  • Tier 3 TOC designation with a 95 walkscore

Property Analytics

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Current Use

Parking lots & garages

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Tanning Salon Carpet & Flooring Store Veterinary Clinic Buffet Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Fenced yard
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

6,796
Businesses Nearby
Under-served
Demand for This Use

Demographics for 90057, CA

45,510
Population
17,912
Households
2.5
Avg Household Size
35
Median Age
23%
College-Educated
58%
High-School Grad
0.9 sq mi
ZIP Area
50,567
Density / Sq Mi
$44,876
Median Household Income
$30,849
Median Earnings
$1,395
Median Rent
$694,500
Median Home Value
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Frequently Asked Questions

What type of property is this?
Parking lot & garage - 7,500 sq. ft. fenced and gated parking lot with 50 feet of frontage and alley access, positioned for SB8 projects.
Where is this parking lot & garage located?
The property is located at 744 S Carondelet St Los Angeles, CA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 7,500 sq. ft. fenced and gated parking lot with 50 feet of frontage and alley access; SB8 status and Qualified Opportunity Zone location; Tier 3 TOC designation with a 95 walkscore
More about this property
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