Highland Park Development Opportunity 5612 Monterey Rd 2 Unit Apartment Building $999,000 ($499,500/Unit) Los Angeles, CA 90042

Situated on a beautiful tree-lined street in one of Highland Park’s most desirable pockets, this ±8,400 SF lot (approx. 60’ x 140’) is a rare development site with RD1.5 zoning. The property currently features two existing residential units, offering immediate income potential while you plan your project.
Zoning and lot configuration offer a range of paths to redevelopment, including construction of multiple by-right units in the large rear yard, addition of ADUs, or a larger ground-up housing development.
Centrally located near vibrant York Blvd and Figueroa Street corridors, the property enjoys easy access to shops, cafés, schools, and major freeways. This is an ideal site for investors, developers, or owner-users looking to capitalize on Highland Park’s strong demand for quality housing and continued neighborhood growth.