Description
Three Extraordinary Options in Hollywood Hills " Unmatched Investment OpportunityThis 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 OptionsPurchase 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 BreakdownEach 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 courtAPN 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 PotentialImagine 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.Dont 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 LAs luxury real estate market.
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3.78ACRES
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01/2 BATHS
School Ratings & Info
Description
Three Extraordinary Options in Hollywood Hills " Unmatched Investment OpportunityThis 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 OptionsPurchase 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 BreakdownEach 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 courtAPN 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 PotentialImagine 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.Dont 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 LAs luxury real estate market.
Based on information from California Regional Multiple Listing Service, Inc. as of 2024-12-14T17:26:26.473. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or DeBonis Homes | Coldwell Banker. Licensed in the State of California, USA.