Oliver Thornton Brokers $3.5M Sale Of 0.75-Acre Land Parcel In Los Angeles

The sale involved the transaction of a 0.75-acre land parcel located at 7305 Pyramid Place in Los Angeles. The property, known as "The Promontory HH," was sold for $3,500,000. This prime development opportunity includes a ready-to-issue (RTI) plan for a mid-century modern estate with stunning views of the valley, Hollywood Sign, DTLA, city, and ocean. The property promises significant potential value nearing $20,000,000 upon completion, considering its proximity to Runyon Canyon and local amenities.

Summary of transation details:

• Property Type: Land
• Transaction Amount: $3,500,000
• Address: 7305 Pyramid Place
• Market: Los Angeles
• Asset Type: Land
• ACRES: 0.75

Oliver Thornton from Hollywood Estates orchestrated the sale of the property. Thornton represented the deal with expertise in the real estate market of Los Angeles. Hollywood Estates played a crucial role in facilitating the transaction for the 0.75-acre land parcel, highlighting their commitment to successful property transactions in the vibrant Los Angeles market.