2350 Lake Shore ave - REO | 4 Lots | SFR Development | Silver Lake 0.77 Acres of Residential Land Offered at $2,800,000 in Los Angeles, CA 90039

The LAAA Team of Marcus & Millichap is pleased to present 2350 Lake Shore Avenue, an REO sale offering a rare hillside residential development opportunity in Silver Lake—one 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 4 custom single-family homes ranging from ±2,400 to ±2,900 square feet. With grading and foundational site work substantially advanced, the project enables a developer or end-user to proceed efficiently toward vertical construction—significantly reducing entitlement timelines and pre-development risk. As part of the REO disposition, the Seller is also open 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 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. The Lake Shore Avenue project comprises four new luxury hillside single-family homes ranging from ±2,400 to ±2,900 SF, each with 3 bedrooms, 3 baths, 2-car garages, and panoramic hillside views. Designed for the Silver Lake buyer, these modern residences feature well-considered vertical layouts, energy-efficient construction and architectural refinement. In the surrounding Silver Lake hills, recently built single-family homes trade for approximately $1000 per square foot.