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8815 CRESCENT DRIVE

Home   |   Listings    |    8815 CRESCENT DRIVE
8815 Crescent Drive
Hollywood Hills CA 90046
See map : Google Maps

$1,748,000

FOR SALE

LUXURY SINGLE FAMILY PROJECT WITH 75% ENTITLEMENT WORK COMPLETED

This project is beautifully designed by sustainable Architects and Engineers Glow Green – glogreen.org It is located on one of the highest points in the Hollywood Hills and is at the end of a cul-de-sac. The lot size is approximately 28,838 SF and the Build-Out is approximately 11,683 SF. This project has sweeping 360-degree unobstructed views of the Hollywood Hills, The Hollywood Sign and beyond. It is conveniently located just minutes away from the Sunset Strip, West Hollywood, shops and schools. Plans, Renderings and Reports are available upon request.

Value Elements

• Appraised on 8/11/21 for $1,100,000
• Projected value upon Completion of Entitlements (RTI) $3,500,000
• Projected Timeline for Completion of Entitlements (RTI) 18 months
• Budget to complete entitlements is $250,000
• Est. Construction Costs $4,500,000, plus 1$M misc. – Commissions, Holdings Cost etc.
• Est. Value Upon Completion $13M-$15M
• Est. Profit Upon Sale $6 million.

contact us about this listing
Listing Date : 12/01/2022
APN : 5563-018-001
  • Hollywood Hills
  • Hollywood SIgn
Neville Graham
Coldwell Banker
15101 Sunset Boulevard
Pacific Palisades CA 90272
(310) 420-6809
sales@westsideland.com
DRE 01171015
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DISCLAIMER: Westsideland/broker/agent does not guarantee the accuracy of the square footage, lot size or other information concerning the conditions or features of the property provided by the seller or obtained from Public Records or other sources. Buyer is strongly advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals. Buyers agree not to rely on the information provided in making a decision to purchase the property.