3051 N Coolidge AVE, Los Angeles, CA 90039
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3051 N Coolidge AVE, Los Angeles, CA 90039
3051 N Coolidge AVE, Los Angeles, CA 90039
3051 N Coolidge AVE, Los Angeles, CA 90039
3051 N Coolidge AVE, Los Angeles, CA 90039
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Lisa Bethel

Lisa Bethel

+1(818) 319-5060
$ 2,599,999
Est. payment /mo
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Price Dropped by $295K

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

CRMLS Full IDX Feed (MAIN Website Search)
Listed by James Harm Compass #01909659

NEARBY SCHOOLS & PROPERTIES

Lisa Bethel

Lisa Bethel

Advisor | Accredited Buyer's Representative | Seniors Real Estate Specialist® | License ID: 02046953

+1(818) 319-5060

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3051 N Coolidge AVE