6744 Mulholland Drive, Los Angeles, CA 90068
- $2,999,995
- 2
- BD
- 1
- BA
- 849
- SqFt
Listing courtesy of Listing Agent: Todd Marks (ToddMarksEstates@gmail.com) from Listing Office: Christie's International Real Estate SoCal.
- List Price
- $2,999,995
- Status
- ACTIVE
- Days on Market
- 1
- MLS#
- 26887247
- Subtype
- Residential
- Style
- Traditional
- Year Built
- 1954
- Bedrooms
- 2
- Bathrooms
- 1
- Full Baths
- 1
- Living Area
- 849
- Lot Size
- 16,099
- Acres
- 0.37
- MLS Area Major
- Sunset Strip - Hollywood Hills West (C03)
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
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Additional Information
- Property Description
- Traditional
- Zoning
- LARE15
- Flooring
- Laminate
- Appliances
- Dishwasher, Disposal, Refrigerator, Dryer, Washer
- Stories
- One Level
- Levels
- One
- Pool Type
- None
- Parking Features
- Controlled Entrance, Driveway, Guest
- View
- City Lights, Canyon
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.