The hottest developer market in the city - Encino's prestigious "Royal Oaks" - close to the westside, the studios, and the best schools. Build your own custom home, or renovate this charming ranch. The utter lack of new luxury estates has created enormous demand and rising exit prices. Recent $10M sales provide ample proof-of-concept for the 1/3-1/3-1/3 model. Opportunity for a double-digit exit on this glorious 52,000sf lot on a prime street with a prestigious address. Multiple upcoming estates around the corner offer strong pricing support. Offers not reviewed until May 4.
