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For buyers seeking a one-of-a-kind live-work space in Los Angeles, the converted Edison power substation at 3001 Eads Avenue represents a significant opportunity. Priced at $7 million, this AIA award-winning property blends industrial history with modern design and offers potential for commercial expansion. This nearly half-acre property is not a traditional home but a versatile asset for a specific buyer, combining a residence, art gallery, and event space with a unique architectural pedigree.
What is the history behind this unique Los Angeles property?
Originally constructed in 1922, this building served as an Edison power substation for the Lincoln Heights area. Its transformation into a residential and commercial space began in the 1990s under the guidance of RoTo Architects, specifically for the couple who owned it, leading to its formal name, the Carlson-Reges Residence. The project is an example of adaptive reuse, a development approach that repurposes old buildings for new functions. This architectural conversion preserved the structure's industrial character while making it habitable. Beyond its use as a home, its history includes periods as an art gallery and even a show-dog kennel, demonstrating its inherent flexibility. The property's cinematic pedigree also adds to its allure; it served as a location for films like "The Return of the Living Dead" and "Hellbent" before its renovation.
What are the defining architectural features of the residence?
The 9,180-square-foot main building is defined by its raw, industrial aesthetic. Key features include 35-foot lofted ceilings with exposed ductwork and sturdy steel beams, creating a sense of volume and space characteristic of converted industrial lofts. The surfaces throughout utilize high-quality materials like iron, cement, and glass, contributing to the gritty yet sophisticated vibe. Natural light floods the interiors through multi-story, steel-framed windows. The layout includes three bedrooms and four baths. The primary suite is particularly sleek, featuring a step-down wardrobe area, a private office, and a covered gym deck with views of the downtown Los Angeles skyline and the San Gabriel Mountains. The guest rooms are uniquely shaped and angled, ensuring each space has a distinct feel.
How is the property configured for living and working?
The property functions as a cohesive live-work environment. The main building contains a dedicated art studio and a gallery space, ideal for an artist or collector. The second floor holds a great room with a modern kitchen, facilitating both daily living and entertaining. A penthouse suite provides additional private space. Beyond the main structure, the grounds include an adjoining studio and an elevated deck that features a pool made from a repurposed oil-storage container. Outdoor amenities like a tropical courtyard, koi pond, and desert garden offer tranquil retreats. Critically, the listing notes the potential to expand by 48,000 square feet for commercial use, making it a compelling option for an end-user seeking to scale a business on-site.
What is the market history and investment potential?
This property has been on and off the market since 2018, with asking prices fluctuating between $6.86 million and $7.35 million. Its current listing at $7 million has been active for approximately five months, which is considered unusual for a property with its architectural accolades. The value proposition extends beyond the existing structures. The significant development potential for commercial expansion is a key factor for investors or business owners. This is not just a home purchase but an investment in a landmark property with flexible zoning possibilities. When considering such a transaction, consulting a professional about title insurance—a policy that protects against ownership claims from past events—is a standard and recommended step.
Final Considerations for a Prospective Buyer
Purchasing a converted industrial property requires a different evaluation than a standard single-family home. Based on our experience assessment, the value here is in the unique architecture, historical significance, and development potential. Key due diligence should include a thorough inspection of the specialized mechanical systems and a clear understanding of zoning regulations for the proposed expansion. The property tax implications for a mixed-use asset of this scale will also be a significant factor in long-term carrying costs. For the right buyer—someone who values architectural history and requires a dynamic live-work canvas—this property offers a rare opportunity in the heart of Los Angeles.
