Property Detail

Description

SHOVEL-READY, PERMITS IN HAND - START BUILDING IMMEDIATELY: Build your dream home on this 6,754 sq ft shovel-ready vacant lot in the highly desirable Mount Washington neighborhood of Los Angeles. With a 50-foot frontage (buyer to confirm), full permits approved, and city-approved architectural plans in place, this is a rare opportunity to begin construction immediately and save significant time and costs. The approved permitted plans are for a stunning 2,980 sq ft, three-story residence featuring 4 bedrooms, 4 bathrooms, a two-car garage, and a flexible gym/office space, perfect for modern living and working from home. Thoughtfully designed to maximize space, light, and the surrounding landscape, the home is positioned to take full advantage of the area's spectacular views. Utilities are conveniently accessible, ready to be connected to LA services, streamlining the development process. Nestled in a serene hillside setting, this property offers both privacy and convenience. Two appraisals have been conducted estimating the newly-built house to be worth $2.4MM - will supply them to interested buyers. Enjoy close proximity to top-rated schools, vibrant shopping centers, renowned restaurants, and beautiful parks, with nearby major highways providing easy access throughout Los Angeles. This is truly a perfect location for work and play. Approximately $150,000 in soft costs have already been invested into the project, including full entitlements under the Mt. Washington Specific Plan, architectural design, structural engineering, soils and geotechnical reports, and all necessary documentation for City permitting. Over $80,000 of that total reflects direct value in paid City permit fees (approximately $40,000) and value engineering (approximately $40,000) to streamline construction and reduce build costs. These comprehensive pre-development efforts position the project for a faster, more cost-efficient build with no delays. Also available are contiguous vacant land at 452, 500, 506 and 512 Beech Street, for a total of 33,189 square feet or 0.761 acres of hillside development. This is a dream opportunity.