$ 240,000
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$240,000
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About the Listing X83363 - C142963
Fully RTI | Price Improved | Laurel Canyon Development Opportunity. Recently price improved, the seller is motivated and ready to engage with qualified buyers. Both lots must be sold together, offering control of a side-by-side development in prime Laurel Canyon. 8534 & 8536 Lookout Mountain Ave (APNs 5562-001-014 & 5562-001-015) are fully RTI (Ready-To-Issue) for two architecturally designed single-family homes, allowing a buyer to move directly into construction without entitlement risk. Each residence is approximately 1,406 sq ft, designed for modern hillside living with strong end-user appeal. There may be potential for future Junior ADUs (buyer to verify). Soil and geotechnical reports are complete, reducing time and soft costs. A licensed contractor has preliminarily estimated approximately $488,000 per home through drywall stage, inclusive of site and structural work. Comparable sales suggest an estimated after-build value of approximately $1.5M per home (buyer to independently verify), supporting resale or long-term hold strategies. Minutes from Sunset Blvd and located within the Wonderland School District, this is a streamlined, shovel-ready opportunity in one of Laurel Canyon's most desirable pockets.
Listing Highlights
Status
Active
Days on Site
39
Property Type
Vacant Land
MLS ®
26650089
Year Built
Total Square Footage
0
Lot/Acreage
0.06
County
Los Angeles
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
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- Below Ground Sq Ft: n/a
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Exterior Details
- Lot Description: 2-4 Lots
- Garage Capacity: N/A
- Zoning: LAR1
- Roof:
- Others:
- Sewer: In Street
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
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Payment Calculator
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Questions About..
8534 Lookout Mountain Ave Los Angeles, CA 90046
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