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A rare opportunity to acquire ready-to-build residential lots in Montecito Hills / El Sereno (90032). These five (5) RTI lots, each ~4,000 sq ft, come with approved plans for 1,500 sq ft, 3-bedroom, 3-bath modern contemporary homes with hillside views. The homes are thoughtfully designed to appeal to families, professionals, and first-time luxury buyers seeking modern product under the $2M price point in a supply-constrained Los Angeles infill market. Lots may be acquired individually or as a bulk portfolio, offering flexibility for end-users, custom builders, or residential developers. Price listed in MLS is for each lot. Key Highlights: **Shovel-ready RTI status – permits and plans approved, ready for immediate construction. **Unobstructed hillside views **Prime location – <6 miles to Downtown LA, 2 miles to USC Medical Center, 4 miles to Dodger Stadium . **Located within half a mile a 32-acre site is now rezoned and primed for a residential project. **Strong market appeal – homes under $2M, low-inventory submarket . **Flexible acquisition – lots may be purchased individually or as a portfolio .
Listing agent: Butchi Reddy Yalamuri DRE #02012703 butchireddyrealtor@gmail.com, Listing office: YALA REALTY & ASSOCIATES
MLS data updated 10/27/2026, 8:16:52 AM PT
Source: CRMLS, MLS #: OC26028005
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Feb 9, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$750,000Original asking price · Feb 9, 2026ZIP 90032 · Feb 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.