4523 Saint Elmo Drive, Los Angeles, CA, 90019
Large and Prime Mid-City LARD1.5 Development Lot.
2 beds
1,928 Sq.Ft.
1913 BUILT

ATTN INVESTORS AND DEVELOPERS: Large and Prime Mid-City LARD1.5 Development Lot. Was recently in escrow (Feb 2020) for almost $1 million, and NOW PRICED BELOW MARKET DUE TO COVID-19.

MOTIVATED SELLER & VACANT. There are LADBS vetted plans (possibly approved - via last escrow) for new construction 4-plex development (16BR, 16BA). Could also be 2 duplexes on a lot. Could also be Small Lot Subdivision. SELLER IS PRIMARILY LOOKING AT CASH OFFERS ONLY OR NON-CONTINGENT, TO BUY AS-IS.

The “X-Factor”? This property is a 100% FLAT SITE, yet perched on a hill with 180-degree CITY LIGHTS VIEWS of Hollywood Hills. MAKE OFFER NOW.  There are at least 5 examples within a 2 mile radius of this property within last 24 months of “new construction 4 units” in this area built and already sold between $2.75 million - $3 million.


Property Images


Key Details

Year Built
Living Space
1,928 Sq.Ft.
Total Area
7,000 Sq.Ft.

Miracle Mile

The Miracle Mile District is one of the city’s more densely populated areas, but is considerably more affluent than other high-density neighborhoods like Westlake and Koreatown.


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