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$6,500,000
Est. payment /mo
3.85 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25083067
HOA Y/N No
Lot Size 3.846 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 2425-015-032: 38,037 sq ft (0.87 acres) APN 2425-015-033: 40,105 sq ft (0.92 acres) APN 2425-015-034: 42,766 sq ft (0.98 acres) Endless Development Potential Imagine creating a secluded, private enclave or individual luxury residences, each with iconic views and unmatched Hollywood Hills allure. With nearly RTI approvals and a prime location, this property combines substantial lot sizes, a favorable approval status, and community appeal for a once-in-a-lifetime development opportunity. Don't miss the chance to secure your place in the legendary Hollywood Hills. This is an exclusive investment for visionary developers looking to make a lasting impact in LA's luxury real estate market.
Location
State CA
County Los Angeles
Area Stud - Studio City
Zoning LARE15
Interior
Fireplace No
Exterior
Community Features Mountainous, Park
View Y/N Yes
View City Lights, Coastline, Canyon, Hills, Landmark, Mountain(s), Neighborhood, Panoramic, Valley
Building
Lot Description 0-1 Unit/Acre, 2-5 Units/Acre
New Construction No
Others
Senior Community No
Tax ID 2425015030
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Lease Land No
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Listed by Jonathon Williams • eXp Realty of Greater Los Angeles, Inc. • 747-279-8218