The Boyett Team at CBRE is excited to present a unique residential redevelopment opportunity at 1104-1114 Oak Grove Drive, Los Angeles, CA. This 40,046 square foot double-lot is situated in a desirable Eagle Rock location, south of Yosemite Drive and west of Figueroa Street. For the first time in 45 years, this property, which consists of two concurrent parcels, is available for sale. Both R1 zoned lots have been vacant for more than 5 years and are currently used for storage. The zoning designation of LAR1-1-HCR allows for significant redevelopment potential, including the possibility of subdividing the lots to accommodate up to two units on each lot, plus two accessory dwelling units (ADUs) on each, resulting in a total of sixteen (16) market-rate units. There is also potential to entitle under SB1123 for greater density. The parcels are mostly flat with minimal slope, and the project benefits for the Northeast Los Angeles Hillside Ordinance, which exempts it from certain residential floor area, height, and grading restrictions. A completed development will offer residents a tranquil hillside lifestyle with views of northern Eagle Rock, while being conveniently close to vibrant amenities along Colorado Boulevard, Yosemite Drive, and in Highland Park. The location is ideal for young professionals, with easy access to Glendale, Pasadena, and Downtown LA. This is a rare opportunity to develop under SB9 or SB1123 on two concurrent parcels in a highly sought-after, low-velocity submarket. The parcels may be sold together or separately.