Calling all investors, developers, and visionaries. This is a rare opportunity to acquire a premier Hollywood Hills property above the Sunset Strip with RTI (Ready-to-Issue) plans and permits already in place for a comprehensive transformation. Located just moments from Chateau Marmont and the world-famous Sunset Strip, 1651 Marlay Drive offers sweeping city views, exceptional privacy, and the opportunity to create a truly remarkable luxury estate in one of Los Angeles' most coveted neighborhoods. The approved plans envision a dramatic redesign featuring expansive living and entertaining spaces, multiple bedrooms and baths, a wine cellar, resort-style outdoor areas, a new pool, and a fully realized lower level complete with a lounge, nanny suite, sauna, steam room, cold plunge, and additional amenities. The design maximizes the property's hillside setting while capturing breathtaking city views throughout. The property has experienced substantial water damage and will require extensive renovation and reconstruction, making it ideally suited for developers, builders, investors, or end users seeking to create a custom residence. The true value lies in the location, the approved plans, and the significant time savings associated with obtaining permits and moving a project of this scale forward. Whether you're looking for your next luxury development project or an opportunity to build a custom estate without starting from scratch, 1651 Marlay Drive presents a compelling combination of location, vision, and upside potential. Bring your architect, your builder, and your imagination. Much of the groundwork has already been done.

Listing courtesy of Drew Smyth of Real Broker

Based on information from the The MLS as of 2026-07-27 04:15 AM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.