Montecito Heights Development – Entitled 2 x 4,218 SF Lot with RTI Permits

Highlights:

• 2 x 4,218 SF Lot – LAR1 Zoning
• Two modern 2,000 SF three-story homes
• Two-car garage & city-approved rooftop terrace
• Ready-to-Issue upon closing
• End of cul-de-sac with stunning DTLA views
• Excellent Access – Freeways, Gold Line Metro, major LA hubs
• 2020 LA Green Building Code compliant
• Case No. ZA-2017-2120-ZAD, no entitlement risks

Description:

PartnersCRE is pleased to present an approved residential development opportunity in Montecito Heights, offering breathtaking views and a prime investment prospect. Located at 351 & 355 Lupin Terrace, this 2 x 4,218 SF, zoned LAR1, comes with approved plans for two 2,000 SF three-story single-family homes, each featuring a two-car garage and a city-approved rooftop terrace. Ready-to-Issue (RTI) permits will be provided upon closing, allowing for an immediate start to construction.
Montecito Heights, located in Northeast Los Angeles, is known for its scenic hillside charm, historic homes, and access to nature. Situated at the end of a cul-de-sac, this property offers sweeping city vistas of Downtown Los Angeles, creating a rare opportunity for custom-designed hillside homes with unparalleled scenery. The area is home to Ernest E. Debs Regional Park, featuring hiking trails, picnic spots, and the Audubon Center. Montecito Heights maintains a quiet, residential feel while providing quick access to Downtown LA, Hollywood, Pasadena, and key urban hubs via nearby freeways and Gold Line Metro stations, ensuring convenience for future homeowners. The neighborhood attracts a diverse mix of residents, including artists and professionals, seeking an urban retreat with nature access.
With Montecito Heights, Lincoln Heights, and Chinatown experiencing rapid growth and revitalization, this property presents an outstanding investment for developers, builders, and end-users looking to capitalize on Los Angeles’ booming housing market.

Documents: