7305 Pyramid Pl
7305 Pyramid Pl
7305 Pyramid Pl
7305 Pyramid Pl
7305 Pyramid Pl
7305 Pyramid Pl
7305 Pyramid Pl
7305 Pyramid Pl
7305 Pyramid Pl
7305 Pyramid Pl
7305 Pyramid Pl
7305 Pyramid Pl
VIEW PHOTOS
$3,995,000

7305 Pyramid Pl

32,687 Sq.Ft.

Description

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.

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Location

7305 Pyramid Pl, Los Angeles, CA 90046

Status

Active Under Contract
Oliver Thornton

Oliver Thornton

TITLE

Co-CEO and Lead Agent

Property Amenities

Area & Lot
Lot Area 0.75 Acres
Living area 32,687 Sq.Ft.
MLS® ID 23-316427
View Description Panoramic,Ocean,Mountains,City,City Lights,Canyon,Landmark,Valley,Tree Top,Skyline,Coastline
Type Land
Status Active Under Contract
Finance
Sales Price $3,995,000

Schedule a Showing

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Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.
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Thank you for your interest in 7305 Pyramid Pl, Los Angeles, CA 90046. We are reviewing your request and will be in touch shortly!

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