Property Detail

Description

LUXURY PROPERTY AUCTION: 19 AUGUST3 SEPTEMBER. Accepting Starting Bids Through 18 August. Starting Bids Expected Between $4.5M$6.5M. Earn an incentive by 18 August. A rare development opportunity emerges along one of Los Angeles's most recognizable addresses: a 3.4-acre assemblage comprising nine separate legal lots on Mulholland Drive in the Hollywood Hills. The mountain ridge site delivers 180-degree views, with peek-a-boo views of Los Angeles and Century City. One portion of the property offers a ground-up building opportunity, while the three remaining structures present potential for remodel, expansion, or demolition and rebuild. An existing internal roadway and dual points of access from both Mulholland Drive and Mulholland Terrace already connect the site. Three homes and two pools currently occupy the land, offering income or interim use during entitlement and design. For a builder or investor, this assemblage represents a rare basis to acquire scale on one of Los Angeles' most storied streets.