Attention developers, builders and flippers, here is your opportunity to create a breathtaking property in the prestigious Hollywood Hills. The impressive 15,000+ sqft lot with possible 4,000sqft+ residence build out boasts views from the ocean, city and surrounding Birds streets, home of Hollywood's most exquisite Multimillion dollar estates. Currently, this 3 bedroom, 3 bath home features Bamboo hardwood floors, updated bathrooms and high ceilings with exposed beam detail. A large primary bedroom sits on the 2nd level accompanied by one additional bedroom upstairs and spacious living room. A large 3rd bedroom downstairs allow ample space for either a private secondary primary space with ensuite or rental income potential as an Air Bnb with separate entry. Three balconies and walls of large format sliders & windows wrap this homes entire exterior living space. It's third level basement runs the entire length of the house with a separate entrance that can be finished & accessible from the exterior staircase or its completed 2 car garage with additional parking. A fabulous place to live in or mimic a chic modern home similar to the next door remodeled 1943 Sunset Plaza which shares the exact same original footprint. The architect's minimalistic vision is one of class & elegance featuring floor-to-ceiling walls of glass that disappear for seamless indoor/outdoor living with multiple expansive decks and an infinity pool. Most of the heavy lifting has been done. Soil reports, topography and slope analysis has been completed. Property also boasts access to a hauling route below the property. This alleviates costly hauling permits and lengthy waiting periods for issuance. Property is currently rented out on a month to month rate of $5,100 held by a cooperative tenant. Additional potential amenities could include an elevator, gym, sauna and steam room, media room or theater. Run. Do not walk as this development opportunity will not last!