
Los Angeles, California 90064
This property presents a High-Potential Investment Opportunity with a List Price of $2,445,000—positioned well below the $2,277,519 Fair Market Value by -7%. While the property currently holds a Condition Rating of 6 due to being gutted to the studs, it offers a significant head start with architectural plans for a ~5,000 SF estate. The expansive 9,358 SF lot, featuring a private pool and spa, provides a rare canvas for development. This is an ideal acquisition for Developer-Investors or Owner-Occupants seeking a custom Westside residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10321 Northvale Road Subject | $2,445,000* List Price | 3 | 2 | 1,678 | $1,357 | - |
A 10294 Cresta Drive Sold | $2,350,000 | 4 | 2 | 2,128 | $1,104 | 0.6 mi |
B 2861 Dunleer Place Sold | $1,737,500 | 2 | 2 | 1,687 | $1,030 | 0.4 mi |
C 2831 Haddington Drive Sold | $2,150,000 | 2 | 2 | 1,675 | $1,284 | 0.4 mi |
D 10448 Cheviot Drive Sold | $2,055,000 | 2 | 2 | 1,973 | $1,042 | 0.3 mi |
E 2540 Prosser Avenue Sold | $2,118,000 | 4 | 2 | 1,762 | $1,202 | 0.6 mi |
F 2642 Manning Avenue Active | $1,995,000 List Price | 4 | 2 | 1,918 | $1,040 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Originally built in 1939, the property is currently gutted to the studs with no functional kitchen, bathrooms, or HVAC systems. It is being marketed as a development opportunity for a new custom residence, rendering the existing structure unlivable and valued primarily for the land and architectural plans.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9358, living area = 1678.
Architectural drawings are already well underway in the City's review process, providing a significant head start for building a custom ~5,000 SF estate.
Situated in the prestigious Cheviot Hills neighborhood, the property offers exceptional access to Century City, Beverly Hills, and top-tier recreation.
The property has been on the market for 55 days and has already required a $150,000 price reduction to attract interest.
As a project-focused listing, it requires a buyer willing to navigate the significant costs and timelines of major construction rather than a move-in ready home.
Set on an expansive 9,355 SF parcel in the heart of Cheviot Hills, this property presents the ideal canvas to create a signature Westside estate. Architectural drawings are already well underway through the City's review process, providing the next owner with a significant head start toward delivering an exceptional custom residence without beginning the entitlement journey from day one. The proposed vision blends timeless English-inspired architecture with modern livability, featuring an approximately 3,914-square-foot main residence, a 364-square-foot garage/basement, and a detached two-story ADU of approximately 469 square feet. Thoughtfully planned outdoor spaces include approximately 210 square feet of covered terraces overlooking a private pool and spa, creating an effortless connection between indoor comfort and year-round California entertaining. The complete design encompasses approximately 4,957 square feet of planned improvements.Located in one of the Westside's most established and sought-after neighborhoods, the property enjoys convenient access to Century City, Beverly Hills, Rancho Park Golf Course, UCLA, and an outstanding collection of restaurants, shopping, and recreation. With generous lot dimensions and substantial progress already made toward approvals, this offering is equally compelling for a developer seeking efficiency or an owner-user looking to build a forever home tailored to their vision.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,678 | 1,664.159 |
| Lot Size | 9,358 | 6,066.556 |
| Price | $2.44M | $1.35M |
| Price per sq ft | $1.5K | $806 |
| Built year | 1939 | 1939 |
| HOA | $0 | $278 |
| Days on market | 61 | 55 |
Aug 14, 2026
$2,445,000
$2,595,000
-6% Price Drop
Initial Listing
Jul 10, 2026
$2,595,000
Initial Listing