Listing by: Jonathon Williams, Segovia Real Estate Group, 747-279-8218
0 Beds
n/a Full bath
n/a SqFt
Active
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.
Property Details | ||
---|---|---|
Price | $6,500,000 | |
Lot Size Area | 164656 | |
Lot Size Area Units | Square Feet | |
Acres | 3.78 | |
Property Type | Land | |
Exterior Features | Valley | |
View | City Lights,Hills,Landmark,Mountain(s),Neighborhood,Panoramic,Valley | |
Lot Description | 2-5 Units/Acre,Lot Over 40000 Sqft | |
Association Fee | 0 | |
Geographic Data | ||
Directions | South on Cahunega W, take a right onto Multiview Drive, follow to location. | |
County | Los Angeles | |
Latitude | 34.130016 | |
Longitude | -118.359963 | |
Market Area | STUD - Studio City | |
Address Information | ||
Address | 3544 Multiview Drive, Studio City, CA 90068 | |
Postal Code | 90068 | |
City | Studio City | |
State | CA | |
Country | United States | |
Listing Information | ||
Listing Office | Segovia Real Estate Group | |
Listing Agent | Jonathon Williams | |
Listing Agent Phone | 747-279-8218 | |
Attribution Contact | 747-279-8218 | |
Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
Special listing conditions | Standard | |
Ownership | None | |
Virtual Tour URL | https://www.wellcomemat.com/mls/561j06313d501lt3i | |
MLS Information | ||
Days on market | 4 | |
MLS Status | Active | |
Listing Date | Oct 29, 2024 | |
Listing Last Modified | Nov 2, 2024 | |
Tax ID | 2425015030 | |
MLS Area | STUD - Studio City | |
MLS # | SR24223780 |
This information is believed to be accurate, but without any warranty.