2929 Amethyst St - Residential LAND FOR SALE


Los Angeles, CA 90032- Montecito Heights1,391,742 SF
$7,999,000 USD
213-623-0800
2929 Amethyst St, Los Angeles, CA for Sale
$7,999,000 USD
Residential LAND - FOR SALE
1/27
1,391,742 SF

2929 Amethyst St
Los Angeles, CA 90032
Montecito Heights


HIGHLIGHTS

  • 1,391,517 SF of Land ( 31.95 acres)
  • Ideally Situated In Northeast Los Angeles
  • There are Excellent Views from this Lot
  • Parcel Provides Nearby Access To the 5, 10 & 110 Freeways
  • Property Is On The Path Of The Proposed Black Walnut Trail, From Ascot Park To Elyria Canyon Park

OVERVIEW

Introducing Paradise Hill: Prime ±31.95 Acre Development Opportunity in Northeast Los Angeles. Explore the limitless potential of 2929 Amethyst Street, a captivating property nestled in the heart of the sought-after Lincoln Heights neighborhood. Aptly known as Paradise Hill, this expansive ±31.95 acre site boasts a commanding presence along the prominent hillside of Amethyst Street, offering unparalleled views stretching from Downtown Los Angeles to Glendale and Pasadena. Key Features: Versatile Development Options: Paradise Hill provides a canvas for your vision, with potential for multi-family developments or the creation of natural parks featuring hiking and biking trails. Tailor the project to meet the needs of the community and align with city development objectives. Additional Parcels: Enhance your investment with four (4) additional parcels strategically located just west of the main site. This brings the total acreage to an impressive 31.95 acres, allowing for a comprehensive and integrated development strategy. Strategic Location: Paradise Hill is strategically positioned with convenient access to major transportation arteries. The boundaries encompass the 110 Freeway to the north, the Golden State (5) Freeway to the west, North Eastern Avenue to the east, and the 1-10 Freeway to the south, ensuring seamless connectivity and accessibility. Breathtaking Views: Elevate your project with breathtaking panoramic views that stretch across iconic cityscapes, creating a unique and captivating atmosphere for residents, visitors, or park enthusiasts. Development Potential: Explore the possibilities of Paradise Hill, where your vision can come to life. Engage in productive negotiations with the city and community to unlock the full potential of this remarkable offering. Ideal Uses: Multi-family Developments Natural Parks with Hiking and Biking Trails Don't miss the chance to make Paradise Hill the next iconic development in Northeast Los Angeles. This is an exclusive opportunity to shape the future of a thriving community with a landmark project that combines thoughtful design, strategic location, and breathtaking views. Serious inquiries and visionary developers are invited to explore the potential of Paradise Hill. Contact us today to schedule a private viewing and discuss how this exceptional property can be transformed into a signature destination.

FOR SALE DETAILS

PRICE

$7,999,000 USD

PRICE/ACRE

$250,360/AC

PRICE/SF

$6 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Paradise Hill Land

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Apartment Units - Condo, Single Family Development

LAND ACRES

31.95 AC

LAND SF

1,391,742 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

[Q] A1-1D [Q]R1-12 [Q]RE2

APN/PARCEL ID

5208-025-001,5208-025-002,5208-025-014,5209-005-003,5209-009-001

ASK ABOUT THIS PROPERTY

Matthew C. SullivanLee & AssociatesMore Info
213-623-0800

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Matthew C. SullivanLee & AssociatesMore Info
213-623-0800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.