1005 Bel Air Court, Los Angeles, California 90077, Los Angeles, 90077 - 8 bed, 11 bath
ACTIVE$36,280,000
1005 Bel Air Court, Los Angeles, California 90077
8Beds
11Baths
11,015Sqft
329,386Lot
Year Built
1960
Close
-
List price
$36.28M
Original List price
$40.99M
Price/Sqft
$3,294
HOA
-
Days on market
-
Sold On
-
MLS number
25496879
Home ConditionFair
Features
Excellent View: City Lights, Canyon, Ocean
ViewCity Lights,Canyon,Ocean
About this home
We found 3 Cons,7 Pros. Rank: price - $36.28M(99th), sqft - 11015(94th), beds - 8(96th), baths - 11(96th).
The Bel Air Court Estate
Nearby schools
9/10
Warner Avenue Elementary School
Public,•K-5•1.7mi
9/10
Roscomare Road Elementary School
Public,•K-5•2.2mi
2/10
Van Nuys Middle School
Public,•6-8•5.3mi
6/10
University Senior High School
Public,•9-12•3.4mi
6/10
University Senior High School Charter
Public,•9-12•3.4mi
6/10
Van Nuys Senior High School
Public,•9-12•6.7mi
Price History
Date
Event
Price
10/05/93
Sold
$2,750,000
08/27/93
Sold
$2,502,000
Condition Rating
Fair
The property, built in 1960, is a grand estate in a prestigious location, indicating a high level of maintenance and value. The exterior image shows a meticulously kept entrance with mature landscaping and modern security features. However, the MLS analysis explicitly notes 'Property Age' as a weakness, stating it 'may require significant modernization or updates to meet contemporary luxury standards and preferences.' While undoubtedly well-maintained, the lack of interior images, especially for kitchens and bathrooms, combined with the age and the stated need for modernization, suggests that key interior elements are likely functional but show signs of being outdated, aligning with the 'Fair' condition criteria. It's aged but maintained, with major components functional but potentially outdated, requiring minor updates to meet current luxury expectations.
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 = 329386, living area = 11015.
Great Schools: Elementary School: Warner Avenue Elementary School (9/10).
Prestigious Location: Located in the highly exclusive Bel Air - Holmby Hills area (C04), one of the world's most desirable and affluent neighborhoods.
Expansive Estate Lot: An exceptionally large lot of 329,386 sqft (over 7.5 acres) provides unparalleled privacy, space, and potential for further development or landscaping in a prime location.
Panoramic Views: Offers breathtaking panoramic views including City Lights, Canyon, and Ocean, significantly enhancing its luxury appeal and value.
Grand Scale Residence: Boasts an impressive 11,015 sqft with 8 bedrooms and 11 bathrooms, ideal for lavish living, entertaining, and accommodating a large household.
Recent Price Adjustment: A substantial price reduction from the original list price indicates a motivated seller and potentially a more attractive entry point for a discerning buyer.
Cons
Property Age: Built in 1960, the estate may require significant modernization or updates to meet contemporary luxury standards and preferences, or ongoing maintenance for an older structure.
Niche Market & High Price Point: The $36.28 million list price targets an extremely limited buyer pool, which could result in extended market time compared to lower-priced properties.
Initial Overpricing Indication: The substantial reduction from the original list price ($40.995M) suggests the property may have been initially overpriced, potentially raising questions about its current valuation or market perception.