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$6,500,000
Est. payment /mo
3.78 Acres Lot
UPDATED:
12/10/2024 11:38 PM
Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR24223780
Originating Board California Regional MLS
Lot Size 3.780 Acres
Property Description
Three Extraordinary Options in Hollywood Hills - Unmatched Investment Opportunity This rare, prime parcel in the Hollywood Hills offers sweeping 180-degree views and is subdivided into five distinct APNs, presenting a unique opportunity for developers or investors. Situated in the coveted Universal City area, this property is primed for a signature development project in one of Los Angeles' most prestigious neighborhoods. Summary: Three Investment Options Purchase the Entire Parcel: Own all five subdivided lots (totaling 3.78 acres) for $6,500,000, a truly remarkable value for this location. Develop Four Luxury Homes: Utilize the five lots to create a collection of high-end residences that will appeal to buyers seeking exclusivity and panoramic views in Hollywood Hills. Fund the Luxury Estate Construction: For those interested in financing, participate in the construction and development of a luxury estate within this high-demand area. Property Breakdown Each lot offers expansive space and is nearly RTI (Ready to Issue), streamlining the approval process for ambitious development projects: APN 2425-015-030: 23,191 sq ft (0.53 acres) APN 2425-015-031: 20,638 sq ft (0.47 acres) - Ideal for a communal amenity, such as a pickleball or tennis court APN 24
Location
State CA
County Los Angeles
Area Stud - Studio City
Zoning D1,LZ
Exterior
View Hills, Local/Neighborhood, Other, Panoramic, Valley, City Lights
Others
Tax ID 2425015030
Special Listing Condition Not Applicable
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© 2025 MLSListings Inc. All rights reserved.
Listed by Jonathon Williams • Segovia Real Estate Group
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Sharad Gupta
Broker | License ID: 02213637
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