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$ 2,895,000
Est. payment /mo
Active
3051 N Coolidge AVE Los Angeles, CA 90039
2 Beds
1 Bath
9,178 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26671623
Bedrooms 2
Full Baths 1
Construction Status Fixer,Repairs Major
HOA Y/N No
Year Built 1928
Lot Size 9,178 Sqft
Property Sub-Type Single Family Residence
Property 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
State CA
County Los Angeles
Area 606 - Atwater
Zoning LACM
Interior
Heating None
Cooling None
Fireplaces Type None
Furnishings Unfurnished
Fireplace No
Laundry None
Exterior
Parking Features Gated
Pool None
View Y/N Yes
View Hills
Private Pool No
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Construction Status Fixer,Repairs Major
Others
Senior Community No
Tax ID 5442023003
Financing Cash,Private
Special Listing Condition Standard
Listed by James Harm Compass #01909659
Nearby Locations