1022 Summit Drive, Beverly Hills, California 90210, Beverly Hills, 90210 - 6 bed, 7 bath
1022 Summit Drive
Beverly Hills, California 90210
Property Price
SUMMARY
Analysis of 1022 Summit Drive, Beverly Hills, California 90210 reveals a Prime Investment Opportunity with a current list price of $11,995,000—significantly undercutting the $12,685,621 Fair Market Value by 5%. This valuation gap indicates a +$690,621 Instant Equity potential for buyers. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1022 Summit Drive Subject | $11,995,000* List Price | 6 | 7 | 7,134 | $1,778 | - |
A 1805 Lexington Road Sold | $9,500,000 | 5 | 7 | 5,131 | $1,851 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1970, this property is explicitly marketed as a 'remodel or development opportunity,' indicating it is not move-in ready and requires substantial rehabilitation. The description highlights its 'mid-century swank and vibe' and the potential of its architectural design, but the property analysis explicitly lists 'Significant Renovation/Development Required,' 'Age of Existing Structure' (implying outdated systems and finishes), and 'Lack of Modern Luxury Amenities.' The aerial images show a dated exterior and potentially neglected elements like the roof and pool area. While the structure may be sound, the overall condition, systems, and finishes are outdated and necessitate extensive investment to meet modern luxury standards.
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 = 32080, living area = 7134.
- Great Schools
Elementary School: Fairburn Avenue Elementary School (9/10). High School: Beverly Hills High School (9/10).
- Prime Location & Prestige
Situated in the highly coveted Beverly Hills Gateway, within the iconic 90210 proper, on arguably one of the most desirable streets, offering unparalleled status and exclusivity.
CONSRISKS & DEFICIENCIES
- Significant Renovation/Development Required
Explicitly marketed as a 'remodel or development opportunity,' the property is not a turn-key luxury estate and will require substantial investment to either restore the existing structure to modern standards or build anew.
- Age of Existing Structure
Built in 1970, the existing 7,134 sq. ft. structure, despite its architectural merit, likely has outdated systems (e.g., HVAC, plumbing, electrical) and finishes that would necessitate extensive renovation to align with contemporary luxury expectations.
- Lack of Modern Luxury Amenities
The description highlights original architectural elements but does not mention any recent high-end upgrades, smart home technology, or premium amenities typically expected in a newly renovated or built luxury estate at this price point.
About 1022 Summit Drive
1022 Summit Drive presents a rare and exceptional Remodel or development opportunity in one of Beverly Hills' most prestigious neighborhoods, Beverly Hills Gateway. First time on the market! This 0.74-acre (approximately 32,234 sq. ft.) parcel, originally designed by famed architect William S. Beckett, with a very cool existing mid-century swank and vibe of approx. 7,134 sq. ft. built in 1970. Offers a prime canvas for reinvention, restoration, or recreation, creating a luxurious estate in the heart of the iconic 90210 proper. With 6 bedrooms and 7 bathrooms, the existing structure could be brought back right back to its iconic era because of it's open concept structural design, ultra high ceilings, floor to ceiling glass, tones of light and ideal floor plan already fulfilling current market demands, or the expansive lot could support a new, custom-designed masterpiece tailored to the discerning tastes of Beverly Hills' elite in one of the most coveted, world-renowned locations. The property's generous size and prime location make it ideal for developers or visionary owner/users seeking to craft a trophy estate with unparalleled privacy and sophistication on arguably one of the most coveted streets in Beverly Hills.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1970
- Lot Size
- 32,080 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 7 (7 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Beverly Hills Unified Schools
Warner Avenue Elementary School
Grades K-5 • 1.3 mi
Fairburn Avenue Elementary School
Grades K-5 • 1.9 mi
West Hollywood Elementary School
Grades K-5 • 1.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 5.0 | 78% |
| Baths | 7.0 | 5.0 | 73% |
| Square foot | 7,134 | 3,730 | 82% |
| Lot Size | 32,080 | 17,757 | 85% |
| Price | $11.99M | $5.25M | 79% |
| Price per sq ft | $1.7K | $1.2K | 68% |
| Built year | 1970 | 1960 | 66% |
| HOA | $0 | $0 | 50% |
| Days on market | 42 | 210 | 3% |
Pricing History
Listed for Sale
Jan 23, 2026
$11,995,000
Initial Listing