4849 Mount Royal Drive

Los Angeles, CA 90041
$480,000
0.22 acres | #OC24194232
Courtesy of Coldwell Banker Realty

Description

Calling ALL DEVELOPERS and INVESTORS! This unique offering consists of 5 contiguous lots, totaling 9,772 sqft in the highly sought-after Eagle Rock neighborhood of Los Angeles. Privacy, breathtaking panoramic views, and urban convenience define this prime development opportunity. The property is ready for construction, pending ZAD approval from the City. The owner, a skilled architect, has already tackled the preliminary work, with sidewalk widening and bridge permits prepared for filing upon ZAD approval. Architectural plans are available for a stunning 3,560 sq ft, four-story single-family residence featuring 3 bedrooms, 3.5 bathrooms, a covered two-car garage, a POOL and ADU. Each floor is designed with its own private entrance, maximizing the property’s potential for both luxury living and rental income. Located near Occidental College, this is an excellent investment opportunity with immense potential.

  • Property Details
      • View:Canyon, Hills, Panoramic
      • Lot description:SlopedDown
      • Acres:0.2243
      • Property type:Purchase
      • Utility source:Public
      • County:Los Angeles
      • Original List Price:$550, 000
      • MLS #:OC24194232
      • Cost:480000
      • Property subtype:Land
      • MLS #:OC24194232

Location

The Alcantara GroupReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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