Homes for sale - 0 Vedado AVE, Studio City, CA 91604

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Ernie Caponera

ernie@newport-properties.com +1(714) 606-0926

$1,650,000

Est. payment - /mo

13.27 Acres Lot

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UPDATED:

10/09/2024 11:23 PM

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR24204466

HOA Y/N No

Lot Size 13.267 Acres

Property Description

Spectacular 13-acre development opportunity nestled in the scenic hills of Studio City, offering a rare chance to create a private estate or utilize a plan furnished by the reputable and highly experienced Sikand Engineering Firm to subdivide into as many as four single-family homes. Currently zoned as Residential Estate (RE40-1-H) with a minimum lot size of 40,000 square feet, this property falls within the Mulholland Scenic Parkway, preserving the natural beauty of the area. The majestic setting offers sweeping panoramic views of canyons, mountains, and city lights, surrounded by native vegetation and local wildlife. The property is private yet accessible, with easy access to the freeway, the Westside, Scenic Mulholland Drive, Harvard-Westlake, award-winning schools, and major studios. One entrance is adjacent to 3969 Alta Mesa Dr, and another can be constructed to Coldwater Canyon with an interested owner adjacent to the north western edge of the property.
If building four single family homes, the design standards allow for a front yard of up to 25 feet (20% of lot depth), 10-foot side yards, and rear yards up to 25% of lot depth, with a maximum building height of 36 feet depending on roof slope. Parking requires two covered spaces per dwelling. The engineers have proposed either a four-home subdivision or the construction of a grand estate, with the Baseline Hillside Ordinance allowing up to 117,162 square feet of residential floor area if building one large estate and guest house. Included in the listing are site studies, completed slope band analysis and boundary surveys, as well as architectural plans for a 10,700 sq. ft. estate featuring 6 bedrooms, 8 bathrooms, a 1-bedroom guest house, entertainment areas, a 7-car garage, gym, bar/lounge, outdoor terraces, and a swimming pool. The hillside designation permits grading allowances of up to 3,300 cubic yards, and CEQA compliance will be required due to the presence of protected trees and wildlife.
As one of the largest parcels surveyed near such a densely populated area, this property offers unmatched privacy, natural beauty, and incredible development potential.

Location

State CA

County Los Angeles

Area Stud - Studio City

Zoning LARE40

Interior

Fireplace No

Exterior

Community Features Mountainous, Rural

Utilities Available None, Sewer Not Available, Water Not Available

View Y/N Yes

View Mountain(s), Panoramic

Present Use Unimproved

Building

Lot Description Lot Over 40000 Sqft

Sewer None

Water None

New Construction No

Others

Senior Community No

Tax ID 2384024009

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Trust

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Listed by Mona Golastani • RE/MAX One • 818-577-3334

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

0 Vedado AVE Studio City, CA 91604