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.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.
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DAYS ON MARKET
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72
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LAST UPDATED
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10/29/2024
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COMMUNITY
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Studio City
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COUNTY
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Los Angeles
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STATUS
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Active
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PROPERTY TYPE(S)
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Lot/Land/Acreage
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| AREA |
Studio City |
| HOA DUES |
0 |
| LOT |
3.78 acre(s) |
| LOT DESCRIPTION |
2-5 Units/Acre, Lot Over 40000 Sqft |
| VIEW |
Yes |
| VIEW DESCRIPTION |
City Lights,Hills,Landmark,Mountain(s),Neighborhood,Panoramic,Valley |
| ZONING |
Residential |
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Listed with Segovia Real Estate Group
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 1/8/25 7:43 PM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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