List Price: $4.2M

Listing Status: Active

Days on Market: 1

3 Bedrooms · 2 Bathrooms · 2,098 sq ft

Property Type: Residential

Year Built: 1951

Lot Size: 22,660 sq ft

Private Pool: Yes

MLS Number: 26739471

About This Property

Prime development opportunity in the heart of Beachwood Canyon. This rare offering comes with fully approved RTI (Ready-To-Issue) plans and permits for a striking approximately 9,600-square-foot modern estate, along with the option of an exemption allowing for an additional 2,000 square feet of living space, creating an opportunity to build a truly significant architectural residence in one of Los Angeles' most iconic hillside enclaves. Perched atop a rare, mostly flat half-acre promontory, the property captures breathtaking, unobstructed panoramic views stretching from the Hollywood Sign to Catalina Island, with sweeping vistas that showcase the full majesty of the Los Angeles skyline and coastline. The existing 1950's California Ranch home enjoys extraordinary privacy as it's elevated above the neighbors. Additionally, as the property is located on a loop, there is minimal traffic, creating an exceptionally serene setting that is only minutes away from the city. The residence consists of three bedrooms and two full bathrooms plus office or flex space. All bedrooms have double doors that open to the exterior showcasing either the city and ocean views or the flat lawn and views of the Hollywood sign and surrounding nature preserve. The additional office also has access to the lawn for blending business and pleasure. The main bedroom contains an en suite and double closets. Additionally, the third bedroom has its own cozy fireplace. The home maintains original charm and character in the beautiful living room with a high beamed wood ceiling and hardwood floors. The central fireplace creates an intimate, relaxing space further enhanced with the remarkable city views. The dining room connects directly to the kitchen with two separate preparation tops and Spanish tile floors. The laundry room is conveniently located off of the kitchen. Outside, the front of the home and patio has its own stepped pathway leading down to the street, while in the rear, there is an exterior fireplace with accompanying gas BBQ grill facing the flat grass lawn and spectacular views of the Hollywood sign and hills. The approved plans have been thoughtfully designed to maximize the site's extraordinary 360-degree views, creating a dramatic modern estate that fully embraces its remarkable setting. Accessed via a private driveway, the offering becomes even more compelling with two APNs included, presenting the unique potential to develop two separate residences: an exceptional opportunity for builders, developers, or end users seeking to create a landmark compound in the Hollywood Hills. The existing residence allows the next owner to occupy immediately or move forward with the approved plans or explore alternative development possibilities.