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3047 Passmore Drive, Hollywood Hills A Rare Development & Investment OpportunitySet in the highly desirable Hollywood Hills, 3047 Passmore Drive presents a unique opportunity to bring a thoughtfully designed modern residence to life in one of Los Angeles' most sought-after hillside communities. Plans are approximately 80% complete, offering a significant head start for a buyer looking to complete the development process and create a distinctive contemporary home.The proposed residence showcases a sophisticated architectural design with expansive floor-to-ceiling glass, clean modern lines, multiple outdoor terraces, a private pool, landscaped hillside surroundings, and a spacious garage. The design is envisioned to maximize the indoor-outdoor California lifestyle while taking advantage of the property's elevated Hollywood Hills setting.For an investor or developer, the property offers the opportunity to complete an advanced-stage project and potentially create a highly desirable luxury residence. For an owner-user, it provides the rare chance to customize and complete a home tailored to their own vision rather than purchasing an already-finished property.Ideally situated near Universal Studios, Studio City, Hollywood, major entertainment destinations, dining, shopping, and convenient freeway access, the location provides an attractive combination of privacy, accessibility, and proximity to some of Los Angeles' most recognizable destinations. The renderings are conceptual and represent the proposed design. Buyer to verify all plans, permits, approvals, square footage, development potential, and remaining requirements with the appropriate professionals and governmental agencies. Buyer to complete the project and all remaining architectural, engineering, permitting, and construction requirements. A compelling opportunity to create a modern Hollywood Hills residence from an advanced stage of planning whether for investment, development, or personal ownership.
Listing agent: Edmar Costa DRE #01474018 edmar.costa@evrealestate.com, Listing office: Engel & Volkers Beverly Hills
MLS data updated 10/31/2026, 11:03:10 AM PT
Source: CRMLS, MLS #: 26998137
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Oct 7, 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
$450,000Original asking price · Oct 7, 2026ZIP 90068 · Oct 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.