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7305 Pyramid Pl, Los Angeles, CA 90046
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7305 Pyramid Pl Los Angeles, CA 90046

$3,500,000 Sold Price as of 07/01/2024
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
Sold
$3,500,000 Sold Price as of 07/01/2024 Refinance Your Mortgage
Map preview of 7305 Pyramid Pl, Los Angeles, CA 90046

Property Overview: 7305 Pyramid Pl Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 32,687 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: UNBELIEVABLE 1031 EXCHANGE AND DEVELOPMENT OPPORTUNITY!!! Welcome to "The Promontory HH", an exceptional development opportunity of a roughly 9200 sq ft mid century modern masterpiece on an extremely privatized promontory lot in the Hollywood Hills with 270 degree and unobstructed jetliner views of the valley, the Hollywood Sign, DTLA, city, and ocean. Conveniently skip years of navigating the bureaucracies and complexity of LADBS and Mulholland Design Review Board and move forward with the development of this epic estate that will be delivered Ready-To-Issue (RTI) to the Buyer. The most recent notable comp to this project is 7000 Macapa, another mid century modern on a promontory lot that sold for over $2000 a foot in 2022, which would put this project at a potential valuation of NEARLY $20,000,000 once completed! With notable propositions such as the Wildlife District Ordinance and tightening requirements from Mulholland Design Review Board, this project may very well be one of the last approved projects of this size and magnitude in the area. Within a stones throw to Runyon Canyon and minutes to all of the best restaurants, entertainment, and nightlife that Hollywood and Studio City has to offer. Truly a jaw-dropping development opportunity that will be delivered RTI with millions in potential upside.

Listed by Oliver Thornton | BRE #01969227 | Hollywood Estates
Last checked: 1 minute ago | Last updated: July 1st, 2024 | Source CRMLS | DOM: 129

Home details

Lot Sq. Ft
32,687
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Sold
MLS#
23316427
City
Los Angeles
County
Los Angeles
Time on Site
353 days

Property Details for 7305 Pyramid Pl

Lot Details / Garage and Parking
Lot Information
  • Lot Size Source: Plans
Property Information
  • Has View
  • View: Panoramic, Ocean, Mountain(s), City Lights, Canyon, Landmark, Valley, Coastline
  • Parcel Number: 2428018007
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Use G.P.S or Waze.
View more facts & features

Local Los Angeles Agent

Sale History for 7305 Pyramid Pl

Last sold for $3,500,000 on July 1st, 2024

  • July, 2024

  • Jul 1, 2024

    Date

    Sold

    CRMLS: 23316427

    $3,500,000

    Price

  • Oct 2, 2023

    Date

    Active

    CRMLS: 23316427

    $3,995,000

    Price

  • October, 2023

  • Oct 2, 2023

    Date

    Canceled

    CRMLS: 23270813

    $3,995,000

    Price

  • Jun 12, 2023

    Date

    Active

    CRMLS: 23270813

    $4,999,000

    Price

  • Listing provided courtesy of CRMLS

    Welcome to "The Promontory HH", an exceptional development opportunity of a roughly 9200 sq ft mid century modern masterpiece on an extremely privatized promontory lot in the Hollywood Hills with 270 degree and unobstructed jetliner views of the valley, the Hollywood Sign, DTLA, city, and ocean. Conveniently skip years of navigating the bureaucracies and complexity of LADBS and Mulholland Design Review Board and move forward with the development of this epic estate that will be delivered Ready-To-Issue (RTI) to the Buyer. The most recent notable comp to this project is 7000 Macapa, another mid century modern on a promontory lot that sold for over $2000 a foot in 2022, which would put this project at a potential valuation of nearly $20 million once completed. With notable propositions such as the Wildlife District Ordinance and tightening requirements from Mulholland Design Review Board, this project may very well be one of the last approved projects of this size and magnitude in the area. Within a stones throw to Runyon Canyon and minutes to all of the best restaurants, entertainment, and nightlife that Hollywood and Studio City has to offer. Truly a jaw-dropping development opportunity that will be delivered RTI with millions in potential upside.

  • February, 2020

  • Feb 3, 2020

    Date

    Canceled

    CRMLS: AR19196086

    $1,800,000

    Price

  • Nov 3, 2019

    Date

    Price Change

    CRMLS: AR19196086

    $1,800,000

    Price

  • Nov 3, 2019

    Date

    Active

    CRMLS: AR19196086

    $1,980,000

    Price

  • Sep 10, 2019

    Date

    Active Under Contract

    CRMLS: AR19196086

    $1,980,000

    Price

  • Aug 16, 2019

    Date

    Active

    CRMLS: AR19196086

    $1,980,000

    Price

  • Listing provided courtesy of CRMLS

    ONE OF A KIND! Spectacular views featuring the Valley, Downtown LA, and the Hollywood Sign. Flawless scene from sunrise to sunset. Flat lot offers opportunities for you to build a custom house. Seller spends one year to do all survey and drawing, ready to be taken over. The current design features three stories 8,371 SQ, FT house, included an attached 5 car garage, 5B/7B include a home gym, media room, and infinity pool! Walking distance to Runyon Canyon Park. Existing water, sewer, and power pole. Bring your imagination and build your dream home here. Entitlement is under review. Seller's financing negotiable.

  • February, 2020

  • Feb 3, 2020

    Date

    Canceled

    CRMLS: AR19104319

    $1,800,000

    Price

  • Oct 25, 2019

    Date

    Price Change

    CRMLS: AR19104319

    $1,800,000

    Price

  • Oct 25, 2019

    Date

    Active

    CRMLS: AR19104319

    $1,980,000

    Price

  • Sep 10, 2019

    Date

    Active Under Contract

    CRMLS: AR19104319

    $1,980,000

    Price

  • Aug 12, 2019

    Date

    Active

    CRMLS: AR19104319

    $1,980,000

    Price

  • Jul 29, 2019

    Date

    Active Under Contract

    CRMLS: AR19104319

    $1,980,000

    Price

  • May 6, 2019

    Date

    Active

    CRMLS: AR19104319

    $1,980,000

    Price

  • Listing provided courtesy of CRMLS

    ONE OF A KIND! Spectacular views featuring the Valley, Downtown LA, and the Hollywood Sign. Flawless scene from sunrise to sunset. Flat lot offers opportunities for you to build a custom house. Seller spends one year to do all survey and drawing, ready to be taken over. The current design features three stories 8,371 SQ, FT house, included an attached 5 car garage, 5B/7B include a home gym, media room, and infinity pool! Walking distance to Runyon Canyon Park. Existing water, sewer, and power pole. Bring your imagination and build your dream home here. Entitlement is under review. Seller's financing negotiable.

  • May, 2019

  • May 29, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • December, 2017

  • Dec 7, 2017

    Date

    Sold

    CRMLS: 17274378

    $1,650,000

    Price

  • Nov 22, 2017

    Date

    Active Under Contract

    CRMLS: 17274378

    $1,695,000

    Price

  • Oct 27, 2017

    Date

    Pending

    CRMLS: 17274378

    $1,695,000

    Price

  • Sep 26, 2017

    Date

    Active

    CRMLS: 17274378

    $1,695,000

    Price

  • Listing provided courtesy of CRMLS

    An incredible development opportunity on an apx. 32,723 sq. ft. lot situated on a promontory perched between the Westside and the San Fernando Valley. Remarkable 360 degree views featuring Downtown Los Angeles and the Hollywood sign. The former structure and foundation have been removed and signed off on by Los Angeles Building and Safety. There is existing water, sewer, and a power pole to the property. Tremendous potential! Property is located within walking distance to beautiful Runyon Canyon Park. Includes APN #2428-018-007 and 2428-018-003.

  • December, 2017

  • Dec 7, 2017

    Date

    Sold (Public Records)

    Public Records

    $1,650,000

    Price

Show More

Tax History for 7305 Pyramid Pl

Assessed Value (2020): --
Year Land Value Improved Value Assessed Value
2020 $1,404,540 -- --

Home Value Compared to the Market

This property vs the competition

7305 Pyramid Pl sold on July 1, 2024 for 256.7% higher than the current median sold price for the city of Los Angeles which is $1,120,000.

About 7305 Pyramid Pl

Detailed summary of property

7305 Pyramid Pl is a land that recently sold in Los Angeles, CA 90046. This land offered -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 32,687 square foot lot. 7305 Pyramid Pl was first listed on ArdentRealEstateGroup.com on October 2, 2023. The homeowner sold the property for $3,500,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 256.7% higher than the current median priced home. Local homes that are currently for sale include 1656 Sawtelle Blvd, 4424 S Western Ave and 5471 Crenshaw Blvd. While the average home in Los Angeles, CA is selling in 106 days, 7305 Pyramid Pl has a days on market of 129 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 7305 Pyramid Pl Los Angeles, CA 90046 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 7305 Pyramid Pl

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
26,679
Stories
--
Type
Residential-Vacant Land
Pool
No
Spa
No
County
Los Angeles
Lot#
50
APN
2428-018-007

The source for these homes facts are from public records.

90046 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,195,000
Median List Price/Sq.Ft.
$905
Median Sold Price
$1,188,800
Median Sold Price/Sq.Ft.
$773
Total Inventory
269
Median Sale to List Price %
95.1%
Avg Days on Market
44
Loan Type
Conventional (5.56%), FHA (0%), VA (0%), Cash (8.33%), Other (2.78%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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