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… Read More 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. Read Less
Courtesy of Compass 323-593-6999
Listing Snapshot
Days Online
85
Last Updated
Property Type
Single Family Residence
Beds
2
Full Baths
1
Lot Size
0.21 Acres
Year Built
1928
MLS Number
26671623
30 Days Snapshot Of 90039
$2.42M
+41%
(avg) sold price
6
-33%
homes sold
67
+24%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
"None"
Building
Built in 1928, Levels: "Two Level", "Detached/No Common Walls", "Tear-Down"
Cooling
"None"
Disclosures
"None"
Fireplaces
"None"
Floors
"Other"
Garage
"Gated"
Heating
"None"
Laundry
"None"
Lot
LotAcreage: 0.1058, LotSizeArea: 9,177
Parking
TotalParking: 0
Pool
"None"
Property
OtherStructures: "Other", PropertySubType: Single Family Residence, ViewDescription: "Hills", ViewYN: t, Zoning: LACM, "Tear Down", "Value Mainly In Land", "Repairs Major", "Fixer"
Spa
"None"
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