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7315 W Pyramid Place, Los Angeles, California 90046, Los Angeles, 90046 - 4 bed, 8 bath

7315 W Pyramid Place, Los Angeles, California 90046 home-pic-0
ACTIVE$1,145,000
7315 W Pyramid Place, Los Angeles, California 90046
4Beds
8Baths
3,765Sqft
10,758Lot
Year Built
Close
-
List price
$1.15M
Original List price
$1.25M
Price/Sqft
$304
HOA
-
Days on market
-
Sold On
-
MLS number
25539207
Home ConditionTear down
Features
Excellent View: City Lights, Canyon, Hills, Mountain(s), Panoramic, Trees/Woods
ViewCity Lights,Canyon,Hills,Mountain(s),Panoramic,Trees/Woods

About this home

We found 3 Cons,5 Pros. Rank: price - $1.15M(11th), sqft - 3765(82th), beds - 4(67th), baths - 8(99th).

Ready To Issue Permits. Views, Views, Views! Unmatched Panoramic views & RTI Permits Ready. Experience breathtaking 200-degree panoramic views of the valley and mountains from this extraordinary development opportunity. With an impressive 145 feet of street frontage, this property offers both privacy and grandeur, making it a rare find in one of the most coveted locations. After nearly four years of meticulous planning, design, and entitlement, this striking modern contemporary masterpiece is now RTI (Ready to Issue) for permits, allowing you to start building immediately. Spanning nearly 4,000 sq. ft., the thoughtfully designed residence embodies luxury living, seamlessly integrating modern elegance with its stunning natural surroundings. Plans include a two-story, 28-foot-high home featuring 4 bedrooms and 6 bathrooms. The design also boasts an approximately 20' x 10' swimmer's pool, a two-car garage, and additional on-site parking for three vehicles. Don't miss this incredible opportunity to bring a dream home to life!

Condition Rating
Tear down
The listing is for a vacant lot with 'Ready To Issue Permits' for a new construction. There is no existing residential structure on the property to assess for condition, kitchen, or bathroom features. The property is unlivable in its current state and requires a new home to be built, aligning with the 'tear-down' criteria that the value is based solely on the land and its potential for redevelopment.
Pros & Cons

Pros

Ready-To-Issue (RTI) Permits: The property comes with meticulously planned and entitled RTI permits, eliminating years of design and approval processes and allowing for immediate construction.
Exceptional Panoramic Views: Offers breathtaking 200-degree panoramic views of the valley and mountains, a highly coveted and value-adding feature in the Los Angeles market.
Prime Development Opportunity: A rare find in a highly sought-after and coveted location, presenting a unique chance to develop a luxury modern contemporary residence.
Pre-Designed Luxury Plans: Detailed plans for a nearly 4,000 sq. ft. luxury home, including 4 beds, 6 baths, a swimmer's pool, and ample parking, streamline the building process for a high-end residence.
Generous Street Frontage & Privacy: An impressive 145 feet of street frontage contributes to both privacy and a grand estate presence, enhancing the property's exclusivity.

Cons

Significant Additional Investment Required: The listed price is for the land and permits only; the buyer will need to fund the entire multi-million dollar construction cost of the planned luxury home.
Construction Time and Management: Despite RTI permits, the buyer must still undertake and manage a large-scale construction project, which requires significant time, effort, and expertise.
Niche Buyer Pool: This offering primarily appeals to experienced developers or high-net-worth individuals specifically seeking a custom build opportunity, rather than those looking for a move-in ready home.

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