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1000 N Bundy Drive, Los Angeles, California 90049, Los Angeles, 90049 - 3 bed, 3 bath

1000 N Bundy Drive, Los Angeles, California 90049 home-pic-0
ACTIVE$6,200,000$2,432/sqft
Est. Value: $6,874,311
10%
BelowEstimate
1000 N Bundy Drive, Los Angeles, California 90049
3Beds
3Baths
2,432Sqft
50,767Lot

Price Vs. Estimate

The estimated value ($6,874,310.66) is $674,310.66 (10%) higher than the list price ($6,200,000). This property may be underpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 50767, living area = 2432.
Top Cons:
Outdated Existing Structure: The current 1963-built structure, while having classic elements, is not the primary value driver, implying significant renovation or demolition costs for a modern estate.

Compared to the nearby listings

Price:$6.20M vs avg $3.90M (+$2,305,000)74%
Size:2,432 sqft vs avg 3,127 sqft24%
Price/sqft:$2.5K vs avg $1.3K97%

More Insights

Built in 1963 (63 years old).
Condition: Built in 1963, the property is over 60 years old. The listing description explicitly states that 'the true value lies in the land and its potential' and emphasizes the opportunity for 'new construction or a transformative renovation.' While the bathroom appears recently updated with modern fixtures, and the kitchen has some newer appliances, the overall structure is outdated (pink cabinets, dated exterior, cracked driveway). The property is clearly being marketed for its development potential, indicating the existing structure is considered a tear-down or requires extensive, costly rehabilitation to meet modern luxury standards, aligning with the 'tear-down' criteria where value is based on the land.
Year Built
1963
Close
-
List price
$6.2M
Original List price
$6.2M
Price/Sqft
$2,549
HOA
-
Days on market
-
Sold On
-
MLS number
25613291
Home ConditionTear down
Features
Excellent View: City Lights, Hills, Mountain(s), Ocean
Deck
ViewCity Lights,Hills,Mountain(s),Ocean

About this home

Nestled within one of Brentwood's most exclusive enclaves, this remarkable property spans over an acre of sun-drenched, ultra-private grounds with sweeping mountain-to-ocean vistas. Positioned at the end of a long, gated drive and surrounded by mature landscaping, it offers the rare chance to craft a visionary estate in an awe-inspiring westside setting. With two flat pads, structural plans by Apel Design Inc., existing infrastructure, and a soils report available, the property presents an exceptional canvas for new construction or a transformative renovation. The site's natural elevation emphasizes seclusion and 180-degree views -- the ideal foundation for a showpiece residence that blends modern luxury with timeless serenity. While the current 2,432-square-foot structure reflects the volume and character of classic California design -- including vaulted wood-beamed ceilings, expansive windows, and view-framing terraces -- the true value lies in the land and its potential. Whether you choose to preserve elements of the existing footprint or embark on a fully bespoke build, this is a rare opportunity to create something extraordinary. Moments from Brentwood's top-rated schools, fine dining, and boutique shopping, yet secluded in hillside tranquility, this offering represents the ultimate fusion of prestige and possibility.

F
F. Ron Smith
Listing Agent

Nearby schools

5/10
Brentwood Science School
Public,•K-5•2.0mi
5/10
Brockton Avenue Elementary School
Public,•K-5•2.6mi
9/10
Franklin Elementary School
Public,•PK-5•2.7mi
9/10
Warner Avenue Elementary School
Public,•K-5•2.8mi
9/10
Roscomare Road Elementary School
Public,•K-5•3.0mi
7/10
Nora Sterry Elementary School
Public,•K-5•3.1mi
9/10
Fairburn Avenue Elementary School
Public,•K-5•3.2mi
8/10
Lanai Road Elementary School
Public,•K-5•4.9mi
8/10
Lincoln Middle School
Public,•6-8•3.5mi
6/10
Gaspar De Portola Middle School
Public,•6-8•7.0mi
5/10
William Mulholland Middle School
Public,•6-8•7.8mi
6/10
University Senior High School
Public,•9-12•2.6mi
6/10
University Senior High School Charter
Public,•9-12•2.6mi
8/10
Santa Monica High School
Public,•9-12•4.7mi
6/10
Van Nuys Senior High School
Public,•9-12•7.7mi

Price History

Date
Event
Price
09/24/20
Sold
$3,425,000
Condition Rating
Tear down
Built in 1963, the property is over 60 years old. The listing description explicitly states that 'the true value lies in the land and its potential' and emphasizes the opportunity for 'new construction or a transformative renovation.' While the bathroom appears recently updated with modern fixtures, and the kitchen has some newer appliances, the overall structure is outdated (pink cabinets, dated exterior, cracked driveway). The property is clearly being marketed for its development potential, indicating the existing structure is considered a tear-down or requires extensive, costly rehabilitation to meet modern luxury standards, aligning with the 'tear-down' criteria where value is based on the land.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 50767, living area = 2432.
Great Schools: Elementary School: Fairburn Avenue Elementary School (9/10).
Prime Location & Exclusivity: Nestled within one of Brentwood's most exclusive enclaves, offering prestige and convenient access to top-rated schools, fine dining, and boutique shopping.
Expansive & Private Grounds: Spans over an acre of sun-drenched, ultra-private land, secured by a long, gated drive and mature landscaping, ensuring unparalleled seclusion.
Panoramic Mountain-to-Ocean Views: Boasts sweeping 180-degree mountain-to-ocean vistas, providing an awe-inspiring backdrop for a luxury residence.
Significant Development Potential: Presents an exceptional canvas for new construction or transformative renovation, featuring two flat pads and existing infrastructure.
Advanced Planning & Readiness: Includes structural plans by Apel Design Inc. and a soils report, significantly de-risking and accelerating the process for crafting a bespoke, showpiece residence.

Cons

Outdated Existing Structure: The current 1963-built structure, while having classic elements, is not the primary value driver, implying significant renovation or demolition costs for a modern estate.
Substantial Additional Investment: The property's true value lies in its potential for a 'visionary estate' or 'fully bespoke build,' indicating substantial additional capital investment beyond the purchase price.
Listed Above Estimated Value: The list price of $6.2 million is approximately 4% above the estimated property value of $5.9 million, potentially indicating a premium for the development potential or a higher entry cost.
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