- New Listing
- Price Reduced( $1,600,000 )
THIS IS AN AMAZING OPPORTUNITY FOR A 1/2 ACRE WORK/LIVE COMPOUND! This 1922 industrial structure, built for the Edison Electric Company, as a power plant maintenance substation in the Art-Deco Style, was the main inspiration and key element in the residence you see today. This A.I.A. award winning contemporary home, is a unique artist-in-residence studio and living space with a ground floor gallery, second floor entertainment space, a mezzanine with a reflecting lap pool and penthouse bedroom suite with stunning views of downtown Los Angeles. Each floor has decks that connect the lush gardens and interiors with unique views of urban Los Angeles. Along with the subject property, this offering includes plans for a future potential for an 8 story infill development of 12 to 54 units ranging from 800 to 2,400 square feet per unit of industrial artist-in-residence spaces. The plan also includes green construction with self-sustaining ECO infrastructure to maximize the ½ acre’s parcel potential as a self contained creative compound. With entitlements and an active permit, this home or project is ready for development right next to the future L.A. River Project.