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This is your chance to build a custom luxury estate in one of Los Angeles' most coveted hillside neighborhoods. Situated on a quiet, tree-lined paper street on Newcomb Drive, the parcel sits among multi-million-dollar homes and active new construction a clear signal of the area's continued growth. The lot spans over 6,000 square feet with R-1 zoning and commands panoramic views of the San Fernando Valley and surrounding mountains, offering an exceptional canvas for a custom-built residence. Paved road currently extends to within approximately 300 feet of the property, with nearby development further improving access and long-term value. As one of the last remaining buildable lots in the area, it represents a genuinely rare opportunity for both end users and investors. Utilities are not yet connected on-site but are available nearby through neighboring developed properties. The location is hard to beat: minutes from Ventura Boulevard's dining, shopping, and entertainment, with easy access to Beverly Hills, Burbank Airport, Santa Monica, and Downtown LA, plus proximity to some of the area's top schools. Unmatched views, a premier hillside address, and strong development potential make this a rare chance to create a one-of-a-kind estate in the heart of Sherman Oaks.
Listing agent: Victoria Aguilar DRE #01923203 victoria.aguilar123@gmail.com, Listing office: Nelson Shelton & Associates
MLS data updated 10/24/2026, 3:56:45 PM PT
Source: CRMLS, MLS #: 26667069
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Mar 19, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$99,000Original asking price · Mar 19, 2026ZIP 91423 · Mar 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.