For Sale
$7,999,000

2929 Amethyst StLos Angeles, CA 90032

31.95 Acres, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 31.95-acre property, known as Paradise Hill, presents a unique development opportunity in the Lincoln Heights neighborhood of Northeast Los Angeles. Situated on a prominent hill along Amethyst Street (2929 Amethyst St, Los Angeles, CA 90032), this expansive site commands breathtaking panoramic views encompassing Downtown Los Angeles, Glendale, and Pasadena. The property consists of five parcels (APN: 5209-009-001, 5209-005-003, 5208-025-001, 5208-025-002, 5208-025-014) totaling approximately 1,391,517 square feet and is zoned RD4-1D-A1-D1. Its strategic location offers convenient access to major freeways (5, 10, and 110), placing it within easy reach of Downtown Los Angeles, Chinatown, and less than three miles from a Metro Gold Line stop. The proximity to the soon-to-be-revitalized LA River adds further appeal. Development potential is significant, ranging from multi-family residential projects to the creation of a natural park with hiking and biking trails, subject to necessary city and community approvals. This offering presents a rare chance to acquire a substantial land parcel in a rapidly developing area with exceptional views and convenient access to key transportation arteries and urban amenities. The asking price is $7,999,000.

Highlights

  • 1,391,517 SF land parcel (approx. 31.95 acres) in Lincoln Heights, Northeast Los Angeles.
  • Prime location with exceptional panoramic views of Downtown LA, Glendale, and Pasadena.
  • Convenient freeway access (5, 10, and 110 freeways).
  • Close proximity to Downtown LA, Chinatown, and a Metro Gold Line station.
  • Near the soon-to-be-revitalized LA River.
  • Excellent development potential, subject to approvals.

Property Details for 2929 Amethyst St

Property type
Land
Lot Size (sq. ft)
1,391,742 SF

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.0786917
Longitude
-118.1991861
2929 Amethyst St, Los Angeles, California

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2929 Amethyst St
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