6744 Mulholland Dr, Los Angeles, CA 90068

"Almost RTI READY" OR KEEP EXISTING COTTAGE AS AN INVESTMENT OPPORTUNITY. Prime Hollywood Hills Development & Investment Opportunity with Iconic Hollywood Sign Views. Rare opportunity in a prime Hollywood Hills location offering tremendous flexibility for a developer, investor, or owner-user. After approximately six years of planning and entitlement work, the property is anticipated to be RTI (Ready to Issue) in approximately 2 to 3 months for a stunning modern residence that is approx 4,800 sq ft with 5 bed & 6.5 baths designed to take advantage of spectacular views of the iconic Hollywood Sign, city lights, and surrounding mountains. Situated on a beautiful gated corner lot of approximately 16,000 square feet, the property currently features a completely updated 2 bedroom and 1 bath Cottage approximately 850-square-foot, with an open kitchen, breakfast bar, cozy family room and cool dining area , clean contemporary interiors, private backyard, and expansive driveway. A separate small unit provides additional flexibility. Parking for tons of cars. Together, the existing improvements have previously generated approximately $10,000 per month in rental income, creating a compelling opportunity to hold as an investment property while preparing for future development. The property may also appeal to buyers considering a 1031 exchange.Adding to the opportunity, the seller is open to selling the adjacent approximately separately which is 6730 Mulholland which features13,000-square-