Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    3051 Coolidge Avenue, Los Angeles, CA 90039
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    3051 Coolidge Avenue
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    • MLS#: 25497987 ( Single Family Residence )
    • Street Address: 3051 Coolidge Avenue
    • Viewed: 6
    • Price: $4,199,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1928
    • Bldg sqft: 0
    • Days On Market: 17
    • Additional Information
    • County: LOS ANGELES
    • City: Los Angeles
    • Zipcode: 90039
    • Provided by: Compass
    • Contact: Benjamin Benjamin
    • California Regional MLS IDX
    • DMCA Notice
    • 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.
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    Features
    Common Walls
    1. No Common Walls
    Cooling
    1. None
    Country
    1. US
    Fireplace Features
    1. None
    Flooring
    1. Carpet
    Heating
    1. None
    Laundry Features
    1. None
    Levels
    1. Two
    Parcel Number
    1. 5442023003
    Parking Features
    1. Private
    Pool Features
    1. None
    Property Type
    1. Single Family Residence
    Spa Features
    1. None
    View
    1. Hills
    Year Built
    1. 1928
    Zoning
    1. LACM
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836