8534 LOOKOUT MOUNTAIN AVENUE, LOS ANGELES CA 90046
- 2,576 sq.ft. lot
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 Laurel Canyon -- 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 two thoughtfully designed 1,406 sq ft single-family homes. Final clearances and approvals are anticipated in the coming months. Significant groundwork has already been completed, including soil and geotechnical reports, helping reduce both time and soft costs for the next owner. A licensed contractor has provided a preliminary bid of approximately $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 for added 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 are encouraged to conduct their own due diligence and run independent comps to verify projected values. Ideally located just minutes from Sunset Blvd and within the highly regarded Wonderland School District, this is a unique opportunity to develop in one of Los Angeles' most desirable hillside communities, known for its character, privacy, and strong end-user demand. Whether you're looking to build and sell, hold as premium income-producing assets, or create a personal compound, this is a rare chance to acquire a nearly shovel-ready project in an iconic canyon setting.
Listing Courtesy of Daniel Cerecedes, Carolwood Estates
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