Lot for Sale in Los Angeles, CA 90039 – 1 Bedroom, 1 Bath – $2800000

The LAAA Team of Marcus & Millichap is pleased to present 2350 Lake Shore Avenue, an REO sale offering a rare hillside residential development opportunity at the intersection of Echo Park and Silver Laketwo of Los Angeles’ most architecturally distinct and supply-constrained neighborhoods. The property consists of five (5) contiguous hillside parcels totaling approximately 33,388 square feet (0.77 acres) with active building permits and approved plans for four custom single-family homes totaling 10,686 square feet of buildable area. With grading and foundational site work substantially advanced, the project enables a developer or end-user to proceed efficiently toward vertical constructionsignificantly reducing entitlement timelines and pre-development risk. As part of the REO disposition, the Seller is also open to offering below-market-rate financing options, providing an attractive capital structure advantage for qualified buyers.This is a ready-to-build hillside residential collection designed for modern single-family living, where each home concept emphasizes view orientation, privacy, and architectural expression. The lots are ideally suited for contemporary multi-level residences featuring expansive indoor-outdoor living, floor-to-ceiling glazing, and terraced hillside landscapes that align with the surrounding topography and design language of the Echo Park and Silver Lake hills. Existing entitlements, engineering, and architectural plan sets streamline the development process, while the parcel configuration allows flexibility for customization, redesign, or phased construction sequencing depending on builder strategy or end-user objectives.Positioned along Lake Shore Avenue, the site offers immediate access to the Eastside’s most desirable lifestyle amenities, including Echo Park Lake, Sunset Junction, the Silver Lake Reservoir, Elysian Park, and a curated mix of cafs, restaurants, creative studios, and independent retail. The neighborhood is synonymous with hillside views, architectural experimentation, and strong community identity, attracting high-income residents seeking both character and proximity to the urban core. Located just 3.5 miles from Downtown Los Angeles with convenient access to the 110, 101, and 2 freeways, the property provides the rare balance of elevated hillside residential living and seamless connectivity to the region’s cultural and employment centers. Below market Seller financing available for qualified buyer!