An Unparalleled Development Opportunity with Breathtaking Views in a Prestigious neighborhood. Nestled in the heart of Sunset Plaza, one of the most coveted enclaves of the Hollywood Hills, this exceptional offering presents a rare chance to create a statement residence in a world-class setting. Perfectly positioned to capture unobstructed panoramic city views, the site offers an extraordinary vantage point from sunrise to sunset a true showcase of Los Angeles living at its finest. Fully approved architectural plans, paves the way for a seamless build of an approximately 3,200-square-foot modern masterpiece. Thoughtfully designed with five bedrooms and six bathrooms, the home features a curated blend of sophistication and comfort, including a rooftop pool with sweeping 180-degree views, climate-controlled wine cellar, private screening room, and bespoke finishes throughout all crafted to embody elevated hillside luxury. Tucked away along the lush, winding streets of the Hills, the property offers exceptional privacy while remaining just moments from the iconic Sunset Strip's renowned fine dining, designer boutiques, and world-famous nightlife. For developers, investors, or discerning end users, this is an opportunity to bring an extraordinary vision to life in a neighborhood synonymous with prestige and record-setting values. Sunset Plaza continues to command top-of-market sales, with newly built homes and properties with comparable views achieving landmark prices.
Vacant landProperty Type
5,026 sq ftLot Size
$179Price/Sq.Ft.
Listed by Brandon Guerrero•DRE #02046667• Serhant California, Inc
Hollywood Hills West, located between Sunset Boulevard and Mulholland Drive, is a hillside and residential Los Angeles neighborhood with winding canyon roads and panoramic city views. The neighborhood’s character concentrates around the Sunset Strip at Sunset Blvd and Doheny Dr, where music venues, design-forward hotels, and late-night dining line the boulevard. Mid-century moderns, contemporary glass homes, and classic canyon cottages step along steep lots above Laurel Canyon and Coldwater Canyon. Runyon Canyon Park frames the southern edge with trailheads and ridgelines. The Hollywood Bowl and the Whisky a Go Go anchor the area’s cultural calendar. The Chateau Marmont adds a storied, old-Hollywood note to the streetscape.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Interior features
City view
Exterior features
Located just off Sunset Boulevard; drive on Hollywood Boulevard to Marley Drive to reach the end of the street
Home design
Residential land parcel
Zoned LAR1
Construction
Parcel identification APN 5556-031-004
Utilities
No gas service
Sale and tax history for 1501 Marlay
Sale History
Tax History
Date
Event
Price
TheMLS #26872621
Aug 13, 2026
Listed
$899,000
TheMLS #26805897
Jun 8, 2026
Price Changed
*
Apr 28, 2026
Listed
*
CRMLS #SR25245445
Feb 27, 2026
Listing Removed
—
Oct 28, 2025
Listed
$1,149,000
TheMLS #25500231
Feb 24, 2025
Listed
*
CRMLS #SW24250851
Feb 21, 2025
Listing Removed
—
Dec 17, 2024
Listed
$1,495,000
TheMLS #24-385935
Jul 10, 2024
Price Changed
*
Apr 30, 2024
Listed
*
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Permits
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Style
Vacant Land
County
Los Angeles County
APN
5556031004
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Last updated by owner on Apr 13, 2026.
Apr 12, 1999 • Active
Bldg-new
Construct a three-story single-family home with a basement and an attached four-car garage.
New construction
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Local insights from Redfin agents
LA's real estate market stays a top-tier profit machine through the mid point of26! Strong demand, tight inventory, and the city's allure drive steady 3-7% appreciation. High equity and robust rents make it ideal for long-term investors seeking...
reliable, high-value wealth growth in this iconic City.
The Los Angeles market is transitioning from a strong Sellers market to a much more balanced market. Buyers have more choices, but Sellers can still achieve excellent results if they price competitively and present their homes well.
The real estate market is becoming more balanced. Buyers have more inventory, more data, and more time to make informed decisions than they did a year ago. Well-priced homes are still moving quickly, but today’s market rewards preparation, strategy,...
Minimal risk of a flood reaching the building in the next 30 years
2/10 Fire Factor
0.00% chance of being in a wildfire in next 30 years
5/10 Heat Factor
7 days above 88° expected this year, 20 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
5/10 Air Factor
7 unhealthy days expected this year, 7 days in 30 years
Provided by First Street
Historical weather
Los Angeles, CA • 90069
Average low and high temperatures (°F)
71
51
73
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75
55
72
55
73
58
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61
77
61
83
65
80
65
77
59
70
54
68
53
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Feb
Mar
Apr
May
Jun
Jul
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Dec
Sun exposure
84/ 100
Very good sunlight
Sunscore
This home ranks in the top 16% for direct sun exposure in Los Angeles. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.4 hrs
7.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1501 Marlay
$877,297
$22K under list price of $899K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $1.2M to $2.1M.