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$ 198,000
Est. payment | /mo
4,991 Sqft Lot
$ 198,000
Est. payment | /mo
4,991 Sqft Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID GD26105537
HOA Y/N No
Lot Size 4,991 Sqft
Property Description
Exceptional development opportunity in the highly sought-after Mount Washington / Northeast Los Angeles area. 858 & 860 W Avenue 37 are adjacent downslope vacant parcels being offered together, presenting a rare chance for builders, developers, investors, or end users to create two modern architectural residences in one of LA's most dynamic hillside communities. Surrounded by newer luxury construction and multimillion-dollar contemporary homes, this property is ideally positioned for high-end residential development with potential canyon, city light, and Downtown Los Angeles views depending on design. The area has seen strong demand for modern hillside product with nearby new construction sales supporting premium values. The lots offer convenient access to Highland Park, Eagle Rock, Glassell Park, Downtown LA, Pasadena, major freeways, restaurants, entertainment, and shopping. The neighborhood continues to experience significant redevelopment and appreciation driven by architectural home demand and limited hillside inventory. Property to be sold with adjacent lot APN #5454-019-043. Seller has indicated the City has advised that existing overhead power lines crossing the properties may potentially be relocated, presenting an important opportunity for future development flexibility. Buyers are advised to independently verify all information, zoning, utility relocation feasibility, development potential, hillside regulations, buildability, grading requirements, permits, lot dimensions, and all matters with the City of Los Angeles and appropriate professionals. An outstanding opportunity to acquire and develop side-by-side hillside parcels in a rapidly appreciating Northeast LA location with strong luxury resale comparables nearby.
Location
State CA
County Los Angeles
Area 680 - Mount Washington
Zoning LARE20
Interior
Fireplace No
Exterior
Community Features Foothills
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
View Y/N Yes
View City Lights, Hills, Neighborhood
Building
Lot Description Sloped Down, Rolling Slope
Water Public
New Construction No
Others
Senior Community No
Tax ID 5454019042
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by Jirair Habeshian Coldwell Banker Hallmark 818-523-9995, DRE #00974301
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