This Property Has Been SOLD
Beautiful hillside property in the world renowned Hollywood Hills located just above Sunset Blvd. and overlooking downtown Los Angeles. Mingle with the stars and Hollywood execs or take advantage of the world famous nightlife along Sunset Blvd. This is one of the few vacant properties still available in the Hills.
View in picture above is looking down across the property towards downtown Los Angeles. Property available vacant but was originally planned to be part of a two house development along with the adjacent lot at 8635. If interested, that lot may be available also. See separate listing on this website for 8635 Hollywood Blvd.
No doubt this is a challenging, upslope lot but with it come unique opportunities. In the Los Angeles area there are many multi- million dollar homes built into hillsides just like this one. The homes are usually more vertical with elevators and rooftop pool decks than horizontal. And each floor of these homes are usually oriented towards the downtown view with decks and walls of glass. In fact, there is a house just like this currently under construction just one lot down from this one on the other side of 8635.
These are the types of properties left in the Hills. The hills themselves are composed of granite and therefore are very stable so no problem there. All utilities are also available in Hollywood Blvd. The site has been surveyed and platted (see below) and there is also a geotechnical report done.
This is a rare opportunity to buy buildable property in the Hills so close to Sunset Blvd. Property values in the Los Angeles area are already starting to recover (see chart below). For the visionary with access to capital, this could be your start to a beautiful home just a few years down the road as the economy really starts to take off. Or maybe you’ve already invested too much money in gold and are looking for alternative real assets. Whatever your motivation, this property has it all – location, Hollywood, the Sunset Strip and the rich and famous for neighbors. Don’t hesitate!
If you have any questions or want further information, please call or email. And if seller financing would help motivate you, inquire about that as well. Closing will be by a local title company.
Price: SOLD ! ! ! ! !
Closing costs: Possible Seller Financing
Payment options/terms: Negotiable
Address: 8637 Hollywood Blvd.
City: Los Angeles
County: Los Angeles
Size: 5040 sf
Taxes and Dues:
Zoning Info: RE9-1 Residential
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