Attention developers, builders and flippers, here is your opportunity to create a breathtaking property in the prestigious Hollywood Hills. The impressive 16,000+ sqft lot with city proposed 4,000sqft+ residence boasts unobstructed jetliner 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 hardwood floors, tiled bathrooms and high ceilings on the second level. A large primary bedroom with fireplace sits on the first level followed by two bedrooms upstairs and a living room with another fireplace thats encased with two balconies and walls of large format sliders & windows. 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 renovate to mimic a chic modern home similar to the remodeled 1905 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. Additional potential amenities could include an elevator, gym, sauna and steam room, media room or theater.