Listing Agent: Benjamin Kahle      Broker/Office: Compass
3051 Coolidge Avenue N Los Angeles CA 90039
$ 3,949,000

Listing ID

#25570297

Status

Active

Property Type

Single Family Residence

County

Los Angeles

Year Built

1928

Days on website

2

Description
Positioned as one of the rarest available development sites in Los Angeles, this riverfront opportunity, located on the East Side's ever-popular Frogtown neighborhood, is ready for its next chapter. Currently, an uninhabitable single-family home and a paved parking lot stand, but visionaries will see an array of future possibilities. Comprised of two parcels totaling over 9,000 Sqft, the expansive lot offers nearly 115 feet of riverfront & bike path frontage - one of the largest in the neighborhood. With one parcel zoned "Residential" and the other zoned "Commercial Manufacturing", this opportunity allows a new owner/developer to take advantage of this truly scarce multiple-use zoning within the city. Most exclusively, the zoning allows for multiple permitted "Live/Work" structures, one of the rarest permitted structures in all of Los Angeles. Other "By Right" zoning approvals include amusement enterprises, art or antique shops, auditorium/concert venues, bakery goods shops, studios, restaurants and more (Buyer to verify with city). The Los Angeles River Revitalization Master Plan (LARRMP) calls for future revitalization connecting more people to future trails and parks along the river, further improving walkability and sense of community. This opportunity also sits in between neighboring Frogtown staples Spoke & Lingua Franca, and close proximity to Lewis MacAdams River Front Park (formerly Marsh Park), and Frogtown Brewery. An opportunity of a lifetime to create your riverfront vision.
Location
Financial Information
List Price:  $ 3949000
Property Features
Flooring:  Carpet
Furnished:  Unfurnished
Levels:  Two
Parking Features:  Private
Senior Community YN:  false
View:  Hills
MLS Area Major:  606 - Atwater
City:  Los Angeles
Senior Community YN:  false
Listed By:   Benjamin Kahle   Compass 
Co-listed by
James Harm  
CA Lic#