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$2,999,995
Est. payment /mo
2 Beds
1 Bath
1,000 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,000 sqft
Price per Sqft $2,999
MLS Listing ID CL26887247
Bedrooms 2
Full Baths 1
HOA Y/N No
Year Built 1954
Lot Size 0.370 Acres
Acres 0.3696
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
Zoning LARE15
Interior
Interior Features Family Room
Flooring Laminate
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Refrigerator
Laundry Dryer, Laundry Room, Washer, Inside
Exterior
Pool None
View Y/N true
View Canyon, City Lights
Private Pool false
Building
Story 1
Architectural Style Traditional
Level or Stories One Story
New Construction No
Others
Tax ID 5549002002
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© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Todd Marks • Christie's International Real Estate SoCal