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$4,199,000

Est. payment - /mo

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9,178 Sqft Lot

Active

3051 N Coolidge AVE Los Angeles, CA 90039

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Chris Mardelli

chris@therealupside.com +1(310) 571-5761

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Key Details

Property Type Single Family Home, Commercial

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25497987

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

Flooring Carpet

Fireplaces Type None

Furnishings Unfurnished

Fireplace No

Laundry None

Exterior

Parking Features Private

Pool None

View Y/N Yes

View Hills

Private Pool No

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5442023003

Financing Cash

Special Listing Condition Standard

Listed by Benjamin Kahle • Compass

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