Listed by Dominique Steinberg with Compass 310-440-1733

Welcome to 2317 Vasanta Way, a once-in-a-lifetime investment opportunity in the heart of prestigious Beachwood Canyon. This gated private estate, perched atop a hill and spanning an entire mountainside, offers an unparalleled canvas for developers and investors seeking to reimagine and craft a modern masterpiece.The lot size spans 16,280 square feet, with breathtaking jetliner views of the Hollywood sign, Griffith Observatory, and downtown Los Angeles from endless vantage points. Originally designed by renowned architect Jay William Clark, constructed by builder Dennis Bailey, and once owned by the legendary Goldenson family of ABC studios, this is only the second time this property has been listed on the market. The property consists of 4,147 square feet of living space, divided among three individual and unique structures. The main house boasts 3,147 square feet, comprising 4 bedrooms and 3 bathrooms in a three-story structure with 180-degree landmark views from every room. The architectural elegance is evident in its poured concrete columns and steel beams, with expansive openings onto a large patio and an in-ground pool with captivating 360-degree views. The structure's striking straight lines provide a dream opportunity for modern design enthusiasts. The home has been stripped of older finishes and prepared for the next phase of personal customization of the existing layout. An additional 1,000 square feet of living space consists of two detached structures per the original plans. The first is a street-level, two-story structure, featuring a two-car garage on the bottom level and a 500-square-foot space on the second level. The living space is currently classified as a recreation room with a restroom per the original building plans. The second detached two-story structure, located at the promontory of the property, includes a 600-square-foot room classified as a pool house with a restroom per the original plans. These additional structures offer great potential to transition into various forms of ADUs. This property is a rare find, offering promise to transform into a celebrity estate. With its architectural integrity and prime location, it stands as a blank canvas ready to be reimagined and revitalized. Seize this opportunity to create a legacy in one of Los Angeles' most coveted neighborhoods.