8536 Lookout Mountain Ave Los Angeles, CA 90046
Hollywood Hills West NeighborhoodEstimated payment $1,467/month
About This Lot
Investor/Developer Special: RTI Plans for Dual New Construction in Prime Laurel Canyon. Incredible opportunity for developers or investors in the heart of LaurelCanyon -- 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 twothoughtfully designed 1,406 sq ft single-family homes. Final clearances and approvals are anticipated in the coming months. Significant groundwork has already beencompleted, including soil and geotechnical reports, helping reduce both time and soft costs for the next owner. A licensed contractor has provided a preliminary bid ofapproximately $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 foradded 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 areencouraged to conduct their own due diligence and run independent comps to verify projected values. Ideally located just minutes from Sunset Blvd and within the highlyregarded 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 toacquire a nearly shovel-ready project in an iconic canyon setting.
Property Details
Property Type
- Land
Est. Annual Taxes
- $993
Lot Details
- 2,501 Sq Ft Lot
- Lot Sloped Up
- Hillside Location
- Property is zoned LAR1
Property Views
- Canyon
- Hills
Utilities
- Sewer in Street
Listing and Financial Details
- Assessor Parcel Number 5562-001-015
Map
Home Values in the Area
Average Home Value in this Area
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 | $993 | $81,600 | $81,600 | -- |
| 2024 | $993 | $80,000 | $80,000 | -- |
| 2023 | $853 | $68,083 | $68,083 | $0 |
| 2022 | $815 | $66,749 | $66,749 | $0 |
| 2021 | $803 | $65,441 | $65,441 | $0 |
| 2020 | $811 | $64,770 | $64,770 | $0 |
| 2019 | $412 | $29,032 | $29,032 | $0 |
| 2018 | $375 | $28,463 | $28,463 | $0 |
| 2016 | $360 | $27,358 | $27,358 | $0 |
| 2015 | $355 | $26,948 | $26,948 | $0 |
| 2014 | $358 | $26,421 | $26,421 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/21/2025 05/21/25 | For Sale | $254,000 | +58.8% | -- |
| 10/06/2023 10/06/23 | Sold | $160,000 | -11.1% | -- |
| 08/25/2023 08/25/23 | Pending | -- | -- | -- |
| 08/14/2023 08/14/23 | For Sale | $179,900 | +43.9% | -- |
| 04/26/2019 04/26/19 | Sold | $125,000 | -16.7% | -- |
| 03/12/2019 03/12/19 | Pending | -- | -- | -- |
| 01/28/2019 01/28/19 | For Sale | $150,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $160,000 | Lawyers Title Company | |
| Quit Claim Deed | -- | None Available |
Source: The MLS
MLS Number: 25538279
APN: 5562-001-015
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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