$3,795,000
$700K PRICE DROP

Estimated payment $22,307/month

Total Views 2,669
0.52 Acre
$7,288,266 Price per Acre
22,682 Sq Ft Lot

About This Lot

BEST READY-TO-ISSUE (RTI) DEVELOPMENT OPPORTUNITY IN BRENTWOOD! DTLA, CENTURY CITY & OCEAN VIEWS! START BUILDING IMMEDIATELY AFTER CLOSING! Welcome to "The Brentwood Observatory", an exceptional development opportunity of a roughly 8500 sq ft organic modern masterpiece on a extremely privatized promontory lot on Brentwoods most desirable street with unobstructed jetliner views of DTLA, Century City, the Getty, the ocean, and mountains. Conveniently skip years of navigating the bureaucracies and complexity of LADBS and design review boards and move forward with the development of this epic estate that will be delivered with ready-to-issue (RTI) plans for the Buyer. With no surrounding neighbors to the property other than across the street given that the property is adjacent to city owned reservation land, this property contains unparalleled privacy. With several comps on Tigertail selling around $2000-$3000 price per square foot, this development opportunity has a potential valuation of NEARLY $20,000,000 once completed! Within close proximity to all the best restaurants, shopping, hiking trails, and schools that Brentwood has to offer. Truly a jaw dropping development opportunity that will be delivered Ready to Issue with millions in potential upside. For owner users or investors, the listing agent(s) development company Thornton Development Group can develop the home, consult for pricing.

Listing Agent

Oliver Thornton

Hollywood Estates License #01969227 Listed on: 02/06/2025

Co-Listing Agent

RC Thornton

Hollywood Estates License #01266660

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $18,346

Lot Details

  • 0.52 Acre Lot
  • Property is zoned LARE15

Property Views

  • Ocean
  • Panoramic
  • City Lights
  • Mountain

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4493-024-027

Property Details

Property Type

Land

Est. Annual Taxes

$18,346

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 0.5207
  • Number Of Photos: 41
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Ocean, Mountains, City, City Lights, Panoramic
  • View: Yes

Utilities

  • Cable: Yes
  • Telephone: Yes

Lot Info

  • Assessor Parcel Number: 4493-024-027
  • Lot Size Area: 22680

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $18,346 $1,531,102 $1,531,102 --
2024 $18,346 $1,501,081 $1,501,081 --
2023 $17,992 $1,471,649 $1,471,649 $0
2022 $17,157 $1,442,794 $1,442,794 $0
2021 $16,950 $1,414,504 $1,414,504 $0
2020 $13,550 $1,101,987 $1,101,885 $102
2019 $22,318 $1,872,720 $1,498,176 $374,544
2018 $22,246 $1,836,000 $1,468,800 $367,200
2016 $13,348 $1,097,665 $931,981 $165,684
2015 $13,154 $1,081,178 $917,982 $163,196
2014 $13,206 $1,060,000 $900,000 $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/04/2025 06/04/25 Price Changed $3,795,000 -5.0% --
03/13/2025 03/13/25 Price Changed $3,995,000 -11.1% --
02/06/2025 02/06/25 For Sale $4,495,000 +221.1% --
03/09/2020 03/09/20 Sold $1,400,000 +16.7% $987 / Sq Ft
02/21/2020 02/21/20 Pending -- -- --
02/20/2020 02/20/20 For Sale $1,200,000 -33.3% $846 / Sq Ft
11/23/2016 11/23/16 Sold $1,800,000 -10.0% $1,269 / Sq Ft
07/26/2016 07/26/16 Price Changed $2,000,000 -20.0% $1,410 / Sq Ft
06/02/2016 06/02/16 Pending -- -- --
04/14/2016 04/14/16 Price Changed $2,500,000 -16.7% $1,763 / Sq Ft
11/13/2015 11/13/15 For Sale $3,000,000 -- $2,116 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,400,000 Equity Title
Grant Deed $1,800,000 Chicago Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,440,000 Adjustable Rate Mortgage/ARM
Previous Owner $500,000 Credit Line Revolving
Source: Public Records

Source: The MLS

MLS Number: 25-481421

The MLS

APN: 4493-024-027