Amazing Development Opportunity – Hollywood Hills with 360° city view

Project Description

Amazing Development Opportunity at

Price Info

  • Asking Price : $6,5M
  • New build: $4M
  • Future Value : $20-$25M
  • Motivated seller !!!
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Property Info

The new build will cost buyer $4M.
The properties in that area sell for $20M- $25M.
This is an exclusive area with neighbors like Calvin Klein and Leonardo DiCaprio.
A gem for the right investor, as a buy and hold or a flip.
The project is shovel ready.
Please find  attached : Set of Plans + Color Floor Plans + Soil Repot + 10 Renderings
  • 6 Bedroom Suites Including a Grandiose 1,380 Sq ft Master Suite with Sweeping Views
  • 5 Powder Rooms
  • Exquisite Dining Room with Water Skylight Ceiling
  • Media Room
  • Glass Wine Cellar w/ Glass Humidor Room
  • Library
  • Gourmet Kitchen
  • 2 Elevators ( Guest & Service Elevator )
  • Gym
  • Sauna
  • Infinity Pool
  • 3 Car Garage w/ Glass Elevator to showcase your exotic car from the Living Room
Total Living Area: 7,667 SQFT
Total Building Size: 9,632 SQFT
Lot Size: 27,039 SQFT
1601 Blue Jay Way Plans are: Tier 1 LA Green Building Code.
In order to maximize the square footage as per seller request, The Architect took advantage of a 20% RFA bonus, using the Green Building Option, which means the proposed structure must satisfy Tier 1 requirements of the LA Green Building Code.
And the Architectural plans are according to Tier 1 LA Green Building Code + 20% RFA bonus and City of Los Angeles is aware of that Garo Telmi, Supervisor of  building safety.
– Seller will not accept  blind offers
– All the showing is down with POF
– There is soil report on the property
– Plans are not permitted and would need structural engineering  which will cost 13K  and seller will accommodate that in to the price
In regards to the offer:
– 3% deposit on all offers and must be wired within 24 hr of acceptance the offer.
– Seller’s choice on Escrow and Title

CONTACT SOCALINVESTMENT

Contact us to schedule a confidential discussion today about how we can take your business to new heights? Or drop us a line using form below and we will be back to you as soon as we can.

Address:

700 S. Flower Street, Suite 2900
Los Angeles, CA  90017

Phone:

+1(424)-330-8778

Email:

info@socalinvestment.com