3051 N Coolidge Avenue
Los Angeles, CA, 90039
$4,199,000
Beds
0 Baths
SqFt
0.21 Acres
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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.

Property Details

Price:
$4,199,000
MLS #:
25497987
Status:
Active
Beds:
0
Baths:
0
Address:
3051 N Coolidge Avenue
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
606atwater
City:
Los Angeles
Listed Date:
Feb 15, 2025
State:
CA
ZIP:
90039
Lot Size:
9,177 sqft / 0.21 acres (approx)
Year Built:
1928
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3051 N Coolidge Avenue
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