Incredible opportunity to own a buildable lot in the coveted Franklin Hills neighborhood of Los Feliz. Surrounded by trees, with views of nearby hills, this property is tucked into a peaceful neighborhood of character-rich homes. Electricity and water is already running to the gated property, that is situated on a quiet street with sidewalks and plentiful parking. A small un-permitted structure and a well landscaped yard helps showcase how the property could be utilized for a future build. Geological, geotechnical engineering, and topography reports have been done, and the City of LA has zoned the land for R1 development persuant to SB9. The neighboring property provides a helpful visual of what could be built on this well laid out lot that features an expansive flat pad and terraced downslope. A short distance to all that Hyperion has to offer, you'll find Trader Joe's, coffee shops, and restaurants right around the corner. This is a rare opportunity to purchase land in the hills of Los Feliz in which you can build a dreamy oasis, nestled amongst mature trees and lush landscaping.