Investment Overview

Marcus & Millichap is pleased to present a development opportunity at 1584 Oak Grove Pl, a 13,380 SF lot zoned RD1.5-1 just south of Yosemite Dr in the Eagle Rock neighborhood of Los Angeles, less than a mile from Occidental College § At the asking price, the lot is being offered at $97 PSF § The site will be delivered unentitled; the seller has preliminary plans for eight luxury townhouse units, all totaling four bedrooms and three and a half bathrooms ranging from 1,526 SF – 1,593 SF with plans calling for in-unit washers and dryers, private rooftop decks, and two car garages § The site will be delivered vacant, no tenant relocation required § Ideal location on a quiet, residential street in proximity to transit, retail, and employment in the neighborhood § Opportunity to build a highly desirable townhouse product in a supply constrained pocket of Eagle Rock