8536 Lookout Mountain Avenue, Los Angeles, CA 90046

Property Description

Fully RTI | Price Improved | Laurel Canyon Development Opportunity. Recently price improved, the seller is motivated and ready to engage with qualified buyers. Both lots must be sold together, offering control of a side-by-side development in prime Laurel Canyon. 8534 & 8536 Lookout Mountain Ave (APNs 5562-001-014 & 5562-001-015) are fully RTI (Ready-To-Issue) for two architecturally designed single-family homes, allowing a buyer to move directly into construction without entitlement risk. Each residence is approximately 1,406 sq ft, designed for modern hillside living with strong end-user appeal. There may be potential for future Junior ADUs (buyer to verify). Soil and geotechnical reports are complete, reducing time and soft costs. A licensed contractor has preliminarily estimated approximately $488,000 per home through drywall stage, inclusive of site and structural work. Comparable sales suggest an estimated after-build value of approximately $1.5M per home (buyer to independently verify), supporting resale or long-term hold strategies. Minutes from Sunset Blvd and located within the Wonderland School District, this is a streamlined, shovel-ready opportunity in one of Laurel Canyon's most desirable pockets.

Listing Status:

Active

Date Added:

February 11, 2026

Data Last Updated:

April 4, 2026 at 4:06AM

Listing Office:

Carolwood Estates : 310-623-3600

Listing Agent:

Daniel Cerecedes : 650-520-5488

MLS ID:

CL26650079

Location

• Originating MLS: CRMLS
• County: Los Angeles

Lot

• Zoning: LAR15562001015
• View: CanyonHills

Utilities

• Utilities: Other Water/Sewer
• Sewer: Other

Financial

• Source: CRMLS