7305 Pyramid Pl, Los Angeles, California, United States | Residential Land For Sale at GLOBAL LISTINGS

Report Listing

Residential Land For Sale

$4,999,000

7305 Pyramid Pl
Los Angeles, California, United States

Listed By: Realtyww Info

Listed On: 06/15/2023

Listing ID: GL10078660 View More Details

Description

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 million 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.

For more details:

Listed by: Hollywood Estates