Located south of Ventura Blvd in the hills of Studio City/Universal City/Hollywood, sits this incredible 15,000+ lot with killer views. This is a fantastic opportunity for a builder or investor as this property has so much potential with several options for a buyer. The R-1 residential zoning affords a developer the right to tear down the existing structure and build one large brand new estate on the lot or possibly do a lot split and build two new homes on the lot, like the home next door did per the seller. (Buyer to verify with the city). Or a buyer can just update the existing home and rent it out or move in and keep the separate detached guest house as a rental. The existing Spanish style home has two bedrooms & two full baths. This artistic style retreat w/ its arches, niches, wood beams, picture window in the living room & old authentic looking fireplace can be restored to its original authentic Spanish flair. There is a huge detached one bedroom, one-bathroom guest house that is beautifully done w/ a large open kitchen & living area w/ a separate side entrance for an income bearing rental scenario or the ideal in-laws or guest quarters. There is room in the expansive rear grounds to add an additional structure as well or maybe a pool and sports court? So many possibilities with so much potential in a very private and tranquil setting. A truly sublime oasis with views, privacy, & the ideal location to make this into a very special property.
Courtesy of Rodeo Realty, Daniel Drantch - Agent DRE# 00900188
Based on information from CRISNet MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.