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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.
Property Type(s):
Lot/Land/Acreage
| Last Updated | 10/29/2024 | Community | Studio City |
|---|---|---|---|
| County | Los Angeles |
Additional Details
| 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 |
Location
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Listed with Segovia Real Estate Group
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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