Laurel Canyon Blvd, Studio City, CA 91604

Property Description

This is two parcels, 2381-006-012 and 2381-006-013 totaling about 146,993 sf, or about 3.38 acres. Picturesque land surrounded by multimillion dollar homes. Preliminary feasibility study shows up to 8 homes can be built here. Large sections of the land are flat and buildable. One of the last remaining true development opportunities nearby. A savvy builder can yield a significant return if they know how to deal with building in the area. Average new construction homes in this neighborhood sell for $3M. Land can accommodate 8 homes by right, and 7 homes comfortably. Homes and utilities already built North, South and East of this property.