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1545 Umeo Road

Los Angeles CA 90272

22689 sq. ft.
Land
Currently for sale - view listing

Overview

BANK OWNED ocean-view Riviera fixer. Offering one of the most compelling opportunities in the highly desirable Palisades' Riviera, 1545 Umeo Rd is located within a neighborhood known for estate properties exceeding $50M. Situated on a 22,689 sq ft parcel in the Upper Riviera, the property offers exceptional scale, views, and flexibility that are increasingly rare in this location. Set above the canyon, the site offers sweeping views of the canyon and the Pacific Ocean. Previous plans provided for a 4,070 sq ft residence featuring multiple view decks. Alternatively, the lot size and configuration allow for the development of a substantially larger custom estate, subject to city approvals. Perfect for developers or end users seeking a high-value Upper Riviera site. Seller is open to carry at interest only for 5 years.

Features

22689 sq. ft. lot size
Land

Property history for 1545 Umeo Road

2022
Rented
Undisclosed
26 May 2022 by The Agency
2022
Sold
$4,500,000
03 Mar 2022 by Christine Markow, of Coldwell Banker Realty

Happy sellers in Los Angeles

88%
88% of sellers in Los Angeles reported that their sale price either exceeded or met their price expectations.

Los Angeles stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

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Local market activity for land plots in Los Angeles

In the last 12 months, 378 land plots similar to 1545 Umeo Road, have been sold.

This represents a 327% decrease in land plots sales when compared to the previous 12 months.

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