2929 Amethyst StLos Angeles, CA 90032
- Residential income properties
- 31.95 AC
Property Details for 2929 Amethyst St
- Lot size
- 31.95 AC
- Property type
- Residential income properties
- Property subtype
- Other land
Description
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.
Location Insight
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Latitude
- 34.0787
- Longitude
- -118.199
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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