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$2,999,995

Est. payment - /mo

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2 Beds

1 Bath

849 SqFt

New

6744 Mulholland DR Los Angeles, CA 90068

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INA MEDINA

im@inamedinagroup.com +1(702) 927-0612

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 849 sqft

Price per Sqft $3,533

MLS Listing ID 26887247

Bedrooms 2

Full Baths 1

HOA Y/N No

Year Built 1954

Lot Size 0.370 Acres

Property Sub-Type Single Family Residence

Property Description

"Almost RTI READY" OR KEEP EXISTING COTTAGE AS AN INVESTMENT OPPORTUNITY. Prime Hollywood Hills Development & Investment Opportunity with Iconic Hollywood Sign Views. Rare opportunity in a prime Hollywood Hills location offering tremendous flexibility for a developer, investor, or owner-user. After approximately six years of planning and entitlement work, the property is anticipated to be RTI (Ready to Issue) in approximately 2 to 3 months for a stunning modern residence designed to take advantage of spectacular views of the iconic Hollywood Sign, city lights, and surrounding mountains. Situated on a beautiful gated corner lot of approximately 16,000 square feet, the property currently features a completely updated 2 bedroom and 1 bath Cottage approximately 850-square-foot, with an open kitchen, breakfast bar, cozy family room and cool dining area , clean contemporary interiors, private backyard, and expansive driveway. A separate small unit provides additional flexibility. Together, the existing improvements have previously generated approximately $10,000 per month in rental income, creating a compelling opportunity to hold as an investment property while preparing for future development. The property may also appeal to buyers considering a 1031 exchange.Adding to the opportunity, the seller is open to selling the adjacent approximately separately which is 6730 Mulholland which features13,000-square-foot lot for $500,000, providing the potential to acquire nearly 29,000 square feet of combined land. The adjacent parcel is offered as an additional development potential. Ideally located on Mulholland Drive with convenient access to the Hollywood Bowl, Runyon Canyon, Universal City, major freeways, studios, dining, entertainment, and everything Hollywood has to offer. Opportunities combining a prime Hollywood Hills location, substantial lot, existing income, iconic views, and a sophisticated modern project approaching RTI status are exceptionally rare in this location

Location

State CA

County Los Angeles

Area C03 - Sunset Strip - Hollywood Hills West

Zoning LARE15

Rooms

Other Rooms Shed(s)

Interior

Flooring Laminate

Fireplaces Type None

Furnishings Furnished Or Unfurnished

Fireplace No

Appliance Dishwasher, Disposal, Refrigerator, Dryer, Washer

Laundry Inside, Laundry Room

Exterior

Parking Features Controlled Entrance, Driveway, Guest

Pool None

View Y/N Yes

View City Lights, Canyon

Private Pool No

Building

Entry Level One

Architectural Style Traditional

Level or Stories One

Additional Building Shed(s)

New Construction No

Others

Senior Community No

Tax ID 5549002002

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Todd Marks Christie's International Real Estate SoCal #01227834

NEARBY SCHOOL & BUSINESS

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INA MEDINA

BROKER - SALESPERSON RE.BS.0146850

+1(702) 927-0612

6744 Mulholland DR Los Angeles, CA 90068

INA MEDINA

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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6744 Mulholland DR