Incredible opportunity to own a buildable lot in the coveted Franklin Hills neighborhood of Los Feliz. Surrounded by mature olive trees, with views of nearby hills, this property is tucked into a peaceful neighborhood of character-rich homes. The gated parcel is situated on a quiet street with sidewalks and plentiful parking. A small un-permitted structure and a well landscaped yard helps showcase how the property could be utilized for a future build. Geological, geotechnical engineering, and topography reports have been done, and the land will be zoned by the City of LA for R1 development pursuant to SB9. The neighboring property provides a helpful visual of what could be built on this well laid out lot that features an expansive flat pad and terraced downslope. A short distance to all that Hyperion has to offer, you'll find Trader Joe's, coffee shops, and restaurants right around the corner. This is a rare opportunity to purchase land in the hills of Los Feliz in which you can build a dreamy oasis, nestled amongst mature trees and lush landscaping.