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Single-Family

4547-4567 Otay

4547-4567 Otay Dr, Los Angeles, CA 90065

Listing Price: $1,000,000

Lot Size
0.54 acres
Price/Acre
$1,855,591
Land Type
Land
Buildable Square Feet
10,000

Investment Overview

Marcus and Millichap is pleased to present 4547-4567 Otay Drive, an amazing investor opportunity to buy four vacant lots in the beautiful city of Mount Washington. The 23,475 SF lot has already been subdivided into four lots with LA City that will be sold together. This four-lot subdivision is ideal for a developer to build four houses of 2,500 SF plan design. 4547-4567 Otay Drive is ideally located in the center of the soaring Mount Washington submarket. With irreplaceable Downtown Views, dramatic hillsides, and award-winning architecture, this Northeast Los Angeles neighborhood has quickly become one of the most desirable residential locations in Los Angeles. Mount Washington is bordered on the north by Eagle Rock, east by Highland Park, south, southwest, west by Cypress Park, and northwest by Glassel Park. The neighborhood also offers one of the most desirable school districts (Mount Washington Elementary) in Southern California. Surrounded by hip/trendy bars and restaurants in adjacent neighborhoods (Echo Park, Highland Park, and Silver Lake) and easy access to numerous employment options in Downtown Los Angeles and Glendale, Mount Washington is currently experiencing rapid gentrification and an influx of young professionals.

Investment Highlights

  • 4 Separate Contiguous Lots
  • 23,475 SF of Vacant Land
  • Hillside with Great Views
  • Est. Finished Value ~ $1.9M Each
  • Rapidly Gentrifying Area in LA
  • No Subdivision Needed

Exclusively Listed By

Financing By

Single-Family

4547-4567 Otay

Listing Price: $1,000,000

Lot Size
0.54 acres
Price/Acre
$1,855,591
Land Type
Land
Buildable Square Feet
10,000

Investment Highlights

  • 4 Separate Contiguous Lots
  • 23,475 SF of Vacant Land
  • Hillside with Great Views
  • Est. Finished Value ~ $1.9M Each
  • Rapidly Gentrifying Area in LA
  • No Subdivision Needed

Investment Overview

Marcus and Millichap is pleased to present 4547-4567 Otay Drive, an amazing investor opportunity to buy four vacant lots in the beautiful city of Mount Washington. The 23,475 SF lot has already been subdivided into four lots with LA City that will be sold together. This four-lot subdivision is ideal for a developer to build four houses of 2,500 SF plan design. 4547-4567 Otay Drive is ideally located in the center of the soaring Mount Washington submarket. With irreplaceable Downtown Views, dramatic hillsides, and award-winning architecture, this Northeast Los Angeles neighborhood has quickly become one of the most desirable residential locations in Los Angeles. Mount Washington is bordered on the north by Eagle Rock, east by Highland Park, south, southwest, west by Cypress Park, and northwest by Glassel Park. The neighborhood also offers one of the most desirable school districts (Mount Washington Elementary) in Southern California. Surrounded by hip/trendy bars and restaurants in adjacent neighborhoods (Echo Park, Highland Park, and Silver Lake) and easy access to numerous employment options in Downtown Los Angeles and Glendale, Mount Washington is currently experiencing rapid gentrification and an influx of young professionals.

Exclusively Listed By

Financing By

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