Land for Sale in Studio City, California

Vedado Ave Studio City, CA 91604

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$1,650,000
13.27 acres
Active sale agoEst $12,932/mo

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, 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.

Directions

Coldwater Canyon to Alta Mesa Dr.

Location

Street Address
Vedado Ave
Elevation
984 feet
Coordinates
34.1322, -118.406

Property details

Zoning
LARE40
MLS Number
MRMLS SR24204466
Date Posted

Parcels

  • 2384024009

This 13.27-acre property is located at Vedado Ave in Studio City, CA 91604 with latitude 34.1322 and longitude -118.406. The property is currently available for sale for $1,650,000 with a price per acre of $124,359. Listing data is sourced from California Regional Multiple Listing Service # SR24204466.

Verify sale details at the property source or contact RE/MAX One at (818) 674-1745.

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Copyright (C) 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Updated . Checked 2 hours ago. Parcel data by Regrid.

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