BANK OWNED ocean-view Riviera fixer. Offering one of the most compelling opportunities in the highly desirable Palisades' Riviera, 1545 Umeo Rd is located within a neighborhood known for estate properties exceeding $50M. Situated on a 22,689 sq ft parcel in the Upper Riviera, the property offers exceptional scale, views, and flexibility that are increasingly rare in this location. Set above the canyon, the site offers sweeping views of the canyon and the Pacific Ocean. Previous plans provided for a 4,070 sq ft residence featuring multiple view decks. Alternatively, the lot size and configuration allow for the development of a substantially larger custom estate, subject to city approvals. Perfect for developers or end users seeking a high-value Upper Riviera site. Seller is open to carry at interest only for 5 years.