Investment Overview

3050 Edgehill Drive is an ±8,006-square-foot paved residential development parcel in Jefferson Park, offered at $650,000, or $81.19 per land square foot. Held in the same family trust since 1977, the property is being offered for the first time in nearly five decades. The site has historically served as dedicated parking for the adjacent restaurant at 3125 W Jefferson Boulevard and is improved with paving only. There are no structures, tenants, leases, relocation, Ellis Act, or RSO exposure. The parcel is zoned R2-1XL and benefits from TOC Tier 3, Opportunity Zone, State Enterprise Zone, AB 2097 and AB 2334 parking relief, and Housing Element rezoning status with a ministerial approval pathway. It is also located approximately one half-mile from Expo/Crenshaw Station, where the Metro E and K Lines intersect. 3050 Edgehill is being marketed as a separate listing, but is offered in conjunction with 3125 W Jefferson Boulevard, an ±5,042-square-foot vacant freestanding restaurant on a ±6,515-square-foot corner lot, offered at $1,350,000 with an active ABC Type 41 Beer & Wine license. Together, the parcels create a ±14,521-square-foot corner assemblage with immediate parking value and long-term development upside. Edgehill can stand on its own as a clean, transit-adjacent development site, or serve as the key companion parcel to the Jefferson corner.