Now is your opportunity to develop your dream luxury estate in the hills of Sherman Oaks! This vacant parcel is situated in one of Los Angeles’s most sought-after suburbs! This lot offers breathtaking-panoramic views of the San Fernando Valley. Located away from all the city traffic and noise this property is on the quiet treelined “paper street” of Newcomb Drive surrounded by multi-million-dollar estates. The paved road ends only about 300 feet away from the property and can be paved the remainder of the way. There is new construction at the end of Newcomb Drive and structures are in the development phase. The two adjacent parcels just sold in May 2022, and this is one of the last few buildable lots remaining in the area. The lot is expansive with over 6,000 square feet of space and the zoning is R-1. There is a topographical map, and a slope density analysis report already completed for the property. The boundary markers were also set by a professional Land Surveyor. The property is centrally located only 4 miles from Beverly Hills, 9 miles to the Burbank Airport, 12 miles from Santa Monica, and 15 miles to Downtown Los Angeles. This property is also near prestigious schools such as Harvard-Westlake, Notre Dame, The Buckley School, Ivy Bound Academy, and many other nearby high ranking charter schools. The property is south of Ventura Blvd. which features fine dining and world-class entertainment. Nearby attractions include Sherman Oaks Galleria, Westfield Fashion Sqaure, Universal Studios, Franklin Canyon Park, the Longridge Park, and so much more! Don’t miss this once in a lifetime opportunity to create your very own custom luxury estate!