Pablo, Home Buyer in Hollywood Hills, Los...

Lots in the Hollywood hills seem relatively cheap ranging from 30 thousand to 160 thousand. How much does it?

Asked by Pablo, Hollywood Hills, Los Angeles, CA Wed Aug 26, 2009

cost per square foot to build a new home assuming it is on somewhat of a hill?

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Answers

3
Wow - that is a very loaded question. As a current broker, and a former licensed contractor, I will tell you, with 100% certainty, that ...it depends. Everything, especially in hillside ordinance areas within Los Angeles depends on the Geology Report, survey, access, and stability of the site. A $30,000 lot in Hollywood Hills? Hmm.... Not buildable without an exorbitant amount of engineering and shoring needed in order to make a project feasible.

Your cost is not in the land, in this case, but rather in the improvements necessary to make development feasible. A very interesting alternative, and possibility for otherwise "unbuildable" sites can be found with a very specific, earthquake, hillside friendly building method that I have worked with recently. There is a site:

http://www.haikuhouses.com that offers pole construction buildings. These are very Japanese inspired in nature, and can be constructed on otherwise unbuildable sites.

When it comes to land - grab your geo-engineer, and prepare to pay for some r & d if you're thinking about shopping in the lower price range for the Hollywood Hills.
2 votes Thank Flag Link Wed Aug 26, 2009
Hello Pablo,

What a great question. After you do the ground work (foundation, grading and retaining) and the cost of the land a good price is $250 per square foot for basic builder's grade finishes. For an exact amount you will need to speak with a contractor to review the properties requirements. Building a home in the Hollywood Hills is a great investment but it can be costly so check the project and if you can get land with permits that is ready to build all the better. Also keep in mind that financing is difficult for land right now. Cash is king.

Best,

Monique Carrabba
The Carrabba Group
Keller Williams Hollywood Hills
(323) 899-2900
mcarrabba@kw.com
0 votes Thank Flag Link Sun Aug 30, 2009
Not all 8000 square foot lots are created equal! The answers below touch on some important issues. When an appraiser or Realtor looks at the comparable properties, he does so with an eye to the values of the existing properties surrounding the lot. Good improved property surrounding the lot = higher value. The price per square foot (PPS) of the land will be most directly affected by its topography (flat lot = higher value), the shape of the lot (regular/ rectangular is easier to build), the amount of frontage on the street (most people want wider frontage), and other "cosmetic" lot issues. Views (i.e. city, ocean, treetop) will command a higher price than no view, while a negative view (i.e. alley, buildings, freeway) will detract from the price. Are there utilities present or in close proximity? (Those are definite value added.) From there, it's a personal choice. Walk the lot with your contractor. Do all factors appeal to you? Then it's good value for you.
Hope this helped!
Debbie Bremner
Coldwell Banker/ The Bremner Group
33 Years Residential Realtor
"Your Home Is Waiting"
310-571-1364
0 votes Thank Flag Link Thu Aug 27, 2009
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