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$6,500,000
Est. payment /mo
3.78 Acres Lot
UPDATED:
12/11/2024 02:53 AM
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR24223780
HOA Y/N No
Lot Size 3.780 Acres
Acres 3.78
Property Sub-Type Unimproved Land
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 2425-015-032: 38,037 sq ft
Location
State CA
County Los Angeles
Area Listing
Zoning Resi
Interior
Fireplace No
Exterior
View Y/N true
View City Lights, Hills, Mountain(s), Panoramic, Valley, Other
Building
New Construction No
Others
Tax ID 2425015030
Virtual Tour https://www.wellcomemat.com/mls/561j06313d501lt3i
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Listed by Jonathon Williams • Segovia Real Estate Group
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