Sold
7305 Pyramid Pl
Los Angeles CA, 90046
$3,500,000
$107.08 per sqft
Sold
0.75 Acres
Land
UNBELIEVABLE 1031 EXCHANGE AND DEVELOPMENT OPPORTUNITY!!! Welcome to "The Promontory HH", an exceptional development opportunity of a roughly 9200 sq ft mid century modern masterpiece on an extremely privatized promontory lot in the Hollywood Hills with 270 degree and unobstructed jetliner views of the valley, the Hollywood Sign, DTLA, city, and ocean. Conveniently skip years of navigating the bureaucracies and complexity of LADBS and Mulholland Design Review Board and move forward with the development of this epic estate that will be delivered Ready-To-Issue (RTI) to the Buyer. The most recent notable comp to this project is 7000 Macapa, another mid century modern on a promontory lot that sold for over $2000 a foot in 2022, which would put this project at a potential valuation of NEARLY $20,000,000 once completed! With notable propositions such as the Wildlife District Ordinance and tightening requirements from Mulholland Design Review Board, this project may very well be one of the last approved projects of this size and magnitude in the area. Within a stones throw to Runyon Canyon and minutes to all of the best restaurants, entertainment, and nightlife that Hollywood and Studio City has to offer. Truly a jaw-dropping development opportunity that will be delivered RTI with millions in potential upside.
23-316427
MLSⓇ ID
October 2, 2023
Listed
November 22, 2024
Updated
Map
7305 Pyramid Pl
Los Angeles CA, 90046
Exterior/Building Features
Lot Size
0.75 Acres
Other Property Details
Area Name
Sunset Strip - Hollywood Hills West
Days on Market
129
Garage
No
View
Yes
View Description
Panoramic, Ocean, Mountains, City, City Lights, Canyon, Landmark, Valley, Tree Top, Skyline, Coastline
County
Los Angeles
Pool
No
Zoning
LAR1
Listing History
Date | Event | Price |
---|---|---|
7/1/2024 | Sold | $3,500,000 |
3/1/2024 | Pending | — |
2/9/2024 | Under contract | — |
Listed by Oliver Thornton with Hollywood Estates
Listing Contact: 310-704-1794
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Cari Field Team | CA DRE# 01459596 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 11/22/2024