Listing by: Oliver Thornton, Hollywood Estates
0 Beds
n/a Full bath
n/a SqFt
Pending
UNBELIEVABLE 1031 EXCHANGE AND DEVELOPMENT OPPORTUNITY!!! Welcome to "The Promontory HH", an exceptional development opportunity of a roughly 9200 sq ft mid century modern masterpiece on an extremely privatized promontory lot in the Hollywood Hills with 270 degree and unobstructed jetliner views of the valley, the Hollywood Sign, DTLA, city, and ocean. Conveniently skip years of navigating the bureaucracies and complexity of LADBS and Mulholland Design Review Board and move forward with the development of this epic estate that will be delivered Ready-To-Issue (RTI) to the Buyer. The most recent notable comp to this project is 7000 Macapa, another mid century modern on a promontory lot that sold for over $2000 a foot in 2022, which would put this project at a potential valuation of NEARLY $20,000,000 once completed! With notable propositions such as the Wildlife District Ordinance and tightening requirements from Mulholland Design Review Board, this project may very well be one of the last approved projects of this size and magnitude in the area. Within a stones throw to Runyon Canyon and minutes to all of the best restaurants, entertainment, and nightlife that Hollywood and Studio City has to offer. Truly a jaw-dropping development opportunity that will be delivered RTI with millions in potential upside.
Property Details | ||
---|---|---|
Price | $3,995,000 | |
Lot Size | 149x180 | |
Lot Size Area | 32687 | |
Lot Size Area Units | Square Feet | |
Acres | 0.7504 | |
Property Type | Land | |
View | Panoramic,Ocean,Mountain(s),City Lights,Canyon,Landmark,Valley,Coastline | |
Geographic Data | ||
Directions | Use G.P.S or Waze. | |
County | Los Angeles | |
Latitude | 34.120171 | |
Longitude | -118.351928 | |
Market Area | C03 - Sunset Strip - Hollywood Hills West | |
Address Information | ||
Address | 7305 Pyramid Place, Los Angeles, CA 90046 | |
Postal Code | 90046 | |
City | Los Angeles | |
State | CA | |
Country | United States | |
Listing Information | ||
Listing Office | Hollywood Estates | |
Listing Agent | Oliver Thornton | |
Buyer Agency Compensation | 2.500 | |
Buyer Agency Compensation Type | % | |
Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
Special listing conditions | Standard | |
MLS Information | ||
Days on market | 129 | |
MLS Status | Pending | |
Listing Date | Oct 2, 2023 | |
Listing Last Modified | Mar 1, 2024 | |
Tax ID | 2428018007 | |
MLS Area | C03 - Sunset Strip - Hollywood Hills West | |
MLS # | 23316427 |
This information is believed to be accurate, but without any warranty.