7
See all 7 photos
$254,000
Est. payment /mo
2,576 Sqft Lot
Active
8534 Lookout Mountain Ave Los Angeles, CA 90046
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25538311
Lot Size 2,576 Sqft
Acres 0.0591
Property Description
Investor/Developer Special: RTI Plans for Dual New Construction in Prime Laurel Canyon. Incredible opportunity for developers or investors in the heart of Laurel Canyon -- two contiguous lots at 8534 & 8536 Lookout Mountain Ave (APNs 5562-001-014 & 5562-001-015) with plans currently under plan check with LADBS for two thoughtfully designed 1,406 sq ft single-family homes. Final clearances and approvals are anticipated in the coming months. Significant groundwork has already been completed, including soil and geotechnical reports, helping reduce both time and soft costs for the next owner. A licensed contractor has provided a preliminary bid of approximately $975,000 to complete both homes up to the drywall stage, including all site preparation and structural work -- offering a cost-efficient path to construction. Each home has been individually designed with modern functionality and architectural appeal, and future plans include the potential for a junior ADU in each, allowing for added flexibility and income potential. Comparable sales in the area suggest an estimated after-build value of approximately $1.5 million per home. Buyers and agents are encouraged to conduct their own due diligence and run independent comps to verify projected values. Ideally located just minutes from Sunset Blvd and within the highly regarded Wonderland School District, this is a unique opportunity to develop in one of Los Angeles' most desirable hillside communities, known for its character, privacy, and strong end-user demand. Whether you're looking to build and sell, hold as premium income-producing assets, or create a personal compound, this is a rare chance to acquire a nearly shovel-ready project in an iconic canyon setting.
Location
State CA
County Los Angeles
Area Sunset Strip - Hollywood Hills West
Zoning LAR1
Exterior
View Y/N Yes
View Hills, Canyon
Building
Lot Description 2-4 Lots
Sewer In Street
Water Public, In Street
Others
Special Listing Condition Standard
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Listed by Carolwood Estates