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. Schedule a Private Showing

Listed By CRMLS_CA / Mona Golastani / RE/MAX One / 818-577-3334

Last checked: Checking… • Last updated Jan 17, 2025 • Source: CRMLS_CA

MLS# SR24204466 — Report a problem