Description

One of the coolest properties to hit the market in 2023! Looking for something unique, creative that is part of LA History with future development upside? Compass Commercial is pleased to present 1406, 1418 and 1424 E Pleasant Ave a 34,842 SF LAR3-TOC3 zoned development opportunity with an interim income use. 1406 E. Pleasant Ave. (APN #021) was built in 1927 as an ice creamy manufactory plant and in 1948 became home to the Carnation Ice Company. Today about 5,600 SF of the original structure exists and consists of three (3) studio work lofts along with an indoor and outdoor gallery space, which will be delivered vacant. Including the large parking area this parcel is about 23,376 SF. Adjacent to the south is 1418 E. Pleasant Ave. (APN #020), a single-family residence built in 1885. Known as, Mount Pleasant Bakery, this potentially historic resource property is tenant occupied, the parcel is approximately 6,233 SF. Further to the south is 1424 E. Pleasant Ave (APN #021), a 6,233 SF vacant land parcel. All three parcels to be sold together (APN's 5174-021-020, 021 & 022). The total site could potentially develop about 75 dwelling units utilizing the TOC 3 bonus density. Buyer is advised to perform their own investigation and to verify building size, property size, building configuration, development potential, permitted use, historic relevance, and that all building systems are up to code.