Studio City's $5 Million Teardown

STUDIO CITY, CA — Only in LA will you find $5 million teardowns. And Studio City, a haven for those working in the entertainment industry, is full of opportunity in the form of old homes in desirable neighborhoods.

This property is listed without interior pics but with the bonus of four subdivided residential parcels already approved along and a private gated road

• Address: 3806 Laurel Canyon Blvd, Studio City, California
• Price: $4,995,000
• Square Feet: 1869
• Bedrooms: 2
• Bathrooms: 3 Baths
• Built: 1948
• Features: Incredibly Rare Studio City Residential Development Opportunity! LAR1 zoned currently with one single family residence on the lot. Wow! The current owner has done the work for you with the City of Los Angeles and will deliver the properties sub-divided with 4 separate residential parcels and will include a private gated road. The rest is your vision to build 4 high end Gated Luxury Residences and maximize your return! Set close to the highly sought after Retail, Dining and Business center of Studio City as well as the highly sought Carpenter School District. Imagine all of the home buyers willing to pay top dollar to be in this coveted locale. There is currently a similar development done years ago to the South for an idea of potential set-up, but times, needs and styles have changed since then and of course the premium people will pay to have convenience of upscale living close to it all. Don't let this be one of those should have moments of future regret! Contact us for a private showing Today! This may not be here Tomorrow! Please do not disturb the occupants.

This listing originally appeared on realtor.com. For more information and photos, click here.