Remarkable development opportunity on tremendous apx. 3.17 acre lot with apx. 376 feet of frontage. Located on a pinnacle lot just above Beverly Hills, this property offers stunning jetliner views of the span of the Los Angeles basin from Downtown L.A. to Century City. Shovel ready with completed and approved plans and fully paid permits to build an apx. 30,000 sq.ft. Contemporary home. The current codes and ordinances would not allow for a structure of this size to be built on this lot, but these approved plans for a 30,000 sq.ft. house have been grandfathered in, which adds incredible value to this property. The plans for the house include 10 bedrooms, 15 bathrooms, two passenger elevators, car elevator and lower level auto gallery with parking for 20 cars. The chance of a lifetime to build the newest iconic estate in the prime hills of Los Angeles. This property is also available to be built-out and completed by the Seller at a listing price of $49,500,000.
Based on information from California Regional Multiple Listing Service, Inc. as of August 17th, 2019 at 11:52am CDT. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.