8815 CRESCENT DRIVE
8815 Crescent Drive
Hollywood Hills CA 90046
See map : Google MapsHollywood Hills CA 90046
$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.
Listing Date : 12/01/2022
APN : 5563-018-001