8534 Lookout Mountain Avenue, Los Angeles, CA 90046
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate



8534 Lookout Mountain Avenue,Los Angeles, CA 90046
$254,000
- 0.06 Acres
- Lots / Land
- Active
Listed by:daniel cerecedes
Office:carolwood estates
MLS#:25538311
Source:CRMLS
Price summary
- Price:$254,000
About this home
Investor/Developer Special: RTI Plans for Dual New Construction in Prime Laurel Canyon. Incredible opportunity for developers or investors in the heart of Laurel Canyon -- two contiguous lots at 8534 & 8536 Lookout Mountain Ave (APNs 5562-001-014 & 5562-001-015) with plans currently under plan check with LADBS for two thoughtfully designed 1,406 sq ft single-family homes. Final clearances and approvals are anticipated in the coming months. Significant groundwork has already been completed, including soil and geotechnical reports, helping reduce both time and soft costs for the next owner. A licensed contractor has provided a preliminary bid of approximately $975,000 to complete both homes up to the drywall stage, including all site preparation and structural work -- offering a cost-efficient path to construction. Each home has been individually designed with modern functionality and architectural appeal, and future plans include the potential for a junior ADU in each, allowing for added flexibility and income potential. Comparable sales in the area suggest an estimated after-build value of approximately $1.5 million per home. Buyers and agents are encouraged to conduct their own due diligence and run independent comps to verify projected values. Ideally located just minutes from Sunset Blvd and within the highly regarded Wonderland School District, this is a unique opportunity to develop in one of Los Angeles' most desirable hillside communities, known for its character, privacy, and strong end-user demand. Whether you're looking to build and sell, hold as premium income-producing assets, or create a personal compound, this is a rare chance to acquire a nearly shovel-ready project in an iconic canyon setting.
Contact an agent
Home facts
- Listing Id #:25538311
- Added:91 day(s) ago
- Updated:August 21, 2025 at 01:30 PM
Structure and exterior
- Lot area:0.06 Acres
Finances and disclosures
- Price:$254,000
New listings near 8534 Lookout Mountain Avenue
- New$1,549,888Active3 beds 2 baths1,629 sq. ft.
3159 Ivy Street, Los Angeles, CA 90034
MLS# CRDW25188505Listed by: KELLER WILLIAMS LARCHMONT - New$1,125,000Active2 beds 2 baths1,513 sq. ft.
5102 Medina Road, Woodland Hills (los Angeles), CA 91364
MLS# CRSR25185231Listed by: EQUITY UNION - New$918,000Active-- beds -- baths1,502 sq. ft.
947 81, Los Angeles, CA 90044
MLS# CRPW25188047Listed by: VUI GROUP - New$620,000Active2 beds 1 baths1,244 sq. ft.
4242 Kenwood Avenue, Los Angeles, CA 90037
MLS# IN25188795Listed by: MORTGAGE REALTY CONCEPTS - New$499,950Active2 beds 3 baths1,608 sq. ft.
5343 Yarmouth Avenue #207, Encino, CA 91316
MLS# SR25174330Listed by: COLDWELL BANKER REALTY - New$1,099,950Active3 beds 2 baths1,409 sq. ft.
3817 Sutro Avenue, Leimert Park, CA 90008
MLS# SR25187370Listed by: PARK REGENCY REALTY - New$1,149,950Active5 beds 3 baths2,437 sq. ft.
18867 Dylan Street, Porter Ranch, CA 91326
MLS# SR25187889Listed by: PARK REGENCY REALTY - New$640,000Active3 beds 3 baths1,435 sq. ft.
9217 Cedros Avenue #A, Panorama City, CA 91402
MLS# SR25188783Listed by: REALTY ONE GROUP SUCCESS - New$1,395,000Active4 beds 2 baths2,097 sq. ft.
1203 N Normandie Avenue, Los Angeles, CA 90029
MLS# SR25188631Listed by: EXP REALTY OF GREATER LOS ANGELES, INC. - New$590,000Active2 beds 1 baths1,025 sq. ft.
4499 Via Marisol #315, Los Angeles, CA 90042
MLS# CRAR25176075Listed by: BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA PROPERTIES