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$ 254,000
Est. payment | /mo
2,501 Sqft Lot
$ 254,000
Est. payment | /mo
2,501 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CL25538279
HOA Y/N No
Lot Size 2,501 Sqft
Acres 0.06
Property Sub-Type Unimproved Land
Property Description
Investor/Developer Special: RTI Plans for Dual New Construction in Prime Laurel Canyon. Incredible opportunity for developers or investors in the heart of LaurelCanyon -- two contiguous lots at 8534 & 8536 Lookout Mountain Ave (APNs 5562-001-014 & 5562-001-015) with plans currently under plan check with LADBS for twothoughtfully designed 1,406 sq ft single-family homes. Final clearances and approvals are anticipated in the coming months. Significant groundwork has already beencompleted, including soil and geotechnical reports, helping reduce both time and soft costs for the next owner. A licensed contractor has provided a preliminary bid ofapproximately $975,000 to complete both homes up to the drywall stage, including all site preparation and structural work -- offering a cost-efficient path to construction.Each home has been individually designed with modern functionality and architectural appeal, and future plans include the potential for a junior ADU in each, allowing foradded flexibility and income potential. Comparable sales in the area suggest an estimated after-build value of approximately $1.5 million per home. Buyers and agents areencouraged to conduct their own due diligence and run independent comps to verify projected values. Ideally located just minutes from Sunset
Location
State CA
County Los Angeles
Zoning LAR1
Interior
Fireplace No
Exterior
Utilities Available Other Water/Sewer
View Y/N true
View Canyon, Hills
Building
New Construction No
Others
Tax ID 5562001015
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Daniel Cerecedes • Carolwood Estates
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "