1005 N Alpine Drive, Beverly Hills, California 90210, Beverly Hills, 90210 - 4 bed, 6 bath
1005 N Alpine Drive
Beverly Hills, California 90210
Property Price
SUMMARY
Analysis of 1005 N Alpine Drive, Beverly Hills, California 90210 is currently available with a list price of $39,500,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Beverly Hills Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
The property was built in 1949, making it over 50 years old. The listing description and property analysis explicitly state that the 'current residence likely requires extensive renovation or complete redevelopment' and that the 'property's primary value lies in its development potential.' The images provided are primarily aerial views of the land, panoramic views, and conceptual renderings for a new build, with no interior photos of the existing structure. This strongly indicates the existing house is considered obsolete and its value is based solely on the land for redevelopment.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 115748, living area = 4351.
- Great Schools
Elementary School: Fairburn Avenue Elementary School (9/10). High School: Beverly Hills High School (9/10).
- Unrivaled Location & Exclusivity
Positioned as 'the finest view lot in all of Beverly Hills' at the very top of famed North Alpine Drive, this property is a premiere offering at the private end of a highly desirable street, representing a rare, once-in-a-generation opportunity.
CONSRISKS & DEFICIENCIES
- Significant Price Reductions
The property has undergone substantial price adjustments, dropping from an original list price of $55M to $39.5M, which may suggest an initial overvaluation or market resistance at higher price points.
- Outdated Existing Structure
Built in 1949 with a relatively modest 4,351 sqft for a 2.65-acre lot in this luxury market, the current residence likely requires extensive renovation or complete redevelopment to meet modern luxury standards, implying significant additional investment.
- High Total Investment Required
While the list price is substantial, the property's primary value lies in its development potential. Buyers will face a very high total investment, combining the purchase price with the considerable costs of constructing a new, bespoke luxury estate, which narrows the potential buyer pool.
About 1005 N Alpine Drive
1005 Alpine is by far the finest view lot in all of Beverly Hills. Spanning over 2.65 acres at the very top of famed North Alpine Drive. Recently 2 of the highest sales in Beverly Hills closed at record prices; 942 Alpine - $51.750M @ 12,294sqft and 984 Alpine - $33M @ 6,569sqft. Unparalleled, panoramic views from Downtown LA to the Pacific Ocean. Total privacy and seclusion, just moments away from Sunset Blvd and the Beverly Hills Hotel. Gorgeous pine forest, expansive grassy meadow and championship tennis court. Conceptual plans by renowned architects SAOTA. 1005 Alpine is the premiere property at the private end of the most desirable street in Beverly Hills. A once in a generation offering that will never be duplicated. Shown only to prequalified buyers.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1949
- Lot Size
- 115,748 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 6 (6 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Beverly Hills Unified Schools
West Hollywood Elementary School
Grades K-5 • 1.2 mi
Rosewood Avenue Elementary School, School for Advanced Studies
Grades K-6 • 2.1 mi
Warner Avenue Elementary School
Grades K-5 • 2.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 5.0 | 49% |
| Baths | 6.0 | 5.0 | 61% |
| Square foot | 4,351 | 3,730 | 55% |
| Lot Size | 115,748 | 17,854 | 99% |
| Price | $39.50M | $5.21M | 99% |
| Price per sq ft | $9.1K | $1.2K | 99% |
| Built year | 1949 | 1960 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 305 | 210 | 83% |
Pricing History
Listed for Sale
Jan 27, 2026
$39,500,000
$45,000,000
-12% Price Drop
Initial Listing
Price Change
Sep 9, 2025
$45,000,000
Initial Listing
Price Change
May 5, 2025
$55,000,000
Initial Listing