Asking Price: $4,995,000

Remarkable development opportunity on tremendous apx. 3.17 acre lot with apx. 376 feet of frontage. Located on a pinnacle lot just above Beverly Hills, this property offers stunning jetliner views of the span of the Los Angeles basin from Downtown L.A. to Century City. Shovel ready with completed and approved plans and fully paid permits to build an apx. 30,000 sq.ft. Contemporary home. The current codes and ordinances would not allow for a structure of this size to be built on this lot, but these approved plans for a 30,000 sq.ft. house have been grandfathered in, which adds incredible value to this property. The plans for the house include 10 bedrooms, 15 bathrooms, two passenger elevators, car elevator and lower level auto gallery with parking for 20 cars. The chance of a lifetime to build the newest iconic estate in the prime hills of Los Angeles. This property is also available to be built-out and completed by the Seller at a listing price of $49,500,000.