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

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