HOLLYWOOD HILLS – Mulholland Drive, Great Value Add Opportunity,
SOLAR HEATED POOL | BUILT IN 1958 | 67% UNDERBUILT | LARGE FLAT PAD
CURRENTLY OFF-MARKET | $1,999,000
Set back from the street, this Hollywood Hills, single-family home is currently a 3 bed/2 bath, sitting on a large 10,970 sqft/.25 acre lot. According to current building codes, the home is 67% Underbuilt for the size of the lot. There is a large margin of profit available to a Developer/Builder on a remodel with added square footage, making the home more valuable then it already is.
Currently the home has an open floor plan with birch & bamboo flooring throughout. The bathrooms have been remodeled in 2014, and the home features new central air. With large front and backyard, the solar heated swimming pool and mountain views pair nicely with the outdoor kitchen & gas/charcoal bbq perfect for entertaining. Additionally, there is a private guest house/office which includes kitchenette and bathroom. The existing property is surrounded by multi-million dollar homes.
Modernize this already beautiful home with contemporary design consistent with local styles of area, high-end fixtures, professional interior design and indoor to outdoor flow. Construct & add on to existing structure up to 3,061 sqft of additional floor area totaling up to 4,573 sqft.