Calling all investors, developers, and visionaries. This is a rare opportunity to acquire a premier Hollywood Hills property above the Sunset Strip with RTI (Ready-to-Issue) plans and permits already in place for a comprehensive transformation. Located just moments from Chateau Marmont and the world-famous Sunset Strip, 1651 Marlay Drive offers sweeping city views, exceptional privacy, and the opportunity to create a truly remarkable luxury estate in one of Los Angeles' most coveted neighborhoods. The approved plans envision a dramatic redesign featuring expansive living and entertaining spaces, multiple bedrooms and baths, a wine cellar, resort-style outdoor areas, a new pool, and a fully realized lower level complete with a lounge, nanny suite, sauna, steam room, cold plunge, and additional amenities. The design maximizes the property's hillside setting while capturing breathtaking city views throughout. The property has experienced substantial water damage and will require extensive renovation and reconstruction, making it ideally suited for developers, builders, investors, or end users seeking to create a custom residence. The true value lies in the location, the approved plans, and the significant time savings associated with obtaining permits and moving a project of this scale forward. Whether you're looking for your next luxury development project or an opportunity to build a custom estate without starting from scratch, 1651 Marlay Drive presents a compelling combination of location, vision, and upside potential. Bring your architect, your builder, and your imagination. Much of the groundwork has already been done.
Listing courtesy of Listing Agent: Drew Smyth (Drew@smyth-properties.com) from Listing Office: Real Broker.
Based on information from California Regional Multiple Listing Service, Inc. as of . 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.