
Los Angeles, California 90049
This Mid-Century residence represents a Strong Value Opportunity, listed at $2,995,000—positioned well below the $3,185,628 Fair Market Value by 5%. This valuation gap provides $190,628 in Instant Equity. Featuring a Condition Rating of 4, the home requires modernization but offers significant upside through renovation. Located in the prestigious Warner Avenue Elementary School district, the property includes a pool, covered patio, and treetop views. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term value in Bel Air.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 108 N Thurston Avenue Subject 4 bd · 6 ba · 3,941 sqft · $808 | $2,995,000* List Price | 4 | 6 | 3,941 | $808 | - |
A 11376 Thurston Place Sold 4 bd · 3 ba · 2,402 sqft · $968 · 0.1 mi | $2,325,000 | 4 | 3 | 2,402 | $968 | 0.1 mi |
B 288 Tavistock Avenue Sold 5 bd · 4 ba · 3,533 sqft · $889 · 0.4 mi | $3,140,000 | 5 | 4 | 3,533 | $889 | 0.4 mi |
C 11923 Brentwood Grove Drive Pending 4 bd · 4 ba · 3,943 sqft · $836 · 0.8 mi | $3,295,000 List Price | 4 | 4 | 3,943 | $836 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1951 and on the market for the first time in 30 years, the home is functional but significantly dated. The kitchen and bathrooms appear to have been last updated in the 1990s (approx. 30 years ago) with granite countertops and white cabinetry. While the property is well-maintained and livable, it requires cosmetic modernization and likely updates to aging systems to meet current market standards.
Situated in a coveted Bel Air pocket North of Sunset Boulevard and within the highly regarded Warner Avenue Elementary School district, ensuring strong long-term value and desirability.
Offered for the first time in over 30 years, this spacious Mid-Century residence serves as a rare 'blank canvas' for investors or end-users looking to renovate, expand, or build a custom dream home.
The property is set back from the street for enhanced privacy and features a large 11,339 sqft lot with treetop views, a swimming pool, and an expansive covered patio ideal for indoor-outdoor living.
The home likely requires a substantial capital investment to modernize its 1951 systems and finishes to meet the luxury standards expected in the Bel Air market.
As the second story was a later addition to the original structure, the floor plan may lack the cohesive architectural flow found in purpose-built two-story contemporary homes.
Rare Bel Air Home with incredible potential - First Time on the Market in Over 30 Years! Located in a coveted pocket North of Sunset Boulevard, this spacious two-story 4 bedroom/6 bathroom residence with an office and family room presents an exceptional opportunity to restore or reimagine a timeless Mid-Century home. Ideally set back from the street for added privacy, the property enjoys beautiful treetop views and an inviting backyard designed for entertaining, complete with a pool and expansive covered patio. The generous floor plan features a dramatic step-down living room with fireplace and sliding doors opening to the backyard, creating effortless indoor-outdoor living. A formal dining room flows into the sun-filled kitchen with granite countertops and a charming breakfast room with direct access to the patio and pool. The adjoining family room, also with a fireplace, opens to the covered patio, making it an ideal gathering space to enjoy year-round. The main level offers 3 bedrooms, Including the primary suite with 2 dedicated bathrooms. Upstairs which was an addition, provides a 4th bedroom with a full bath plus a separate office or bonus room, offering flexibility for today's lifestyle. A great opportunity to renovate, expand, or create a dream home with modern finishes in Bel Air. Located within the highly regarded Warner Avenue Elementary School district and just moments from UCLA, Brentwood, Century City and Beverly Hills.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 6.0 | 2.0 |
| Square foot | 3,941 | 1,670.836 |
| Lot Size | 11,339 | 6,152.156 |
| Price | $3.00M | $1.34M |
| Price per sq ft | $760 | $807 |
| Built year | 1951 | 1941 |
| HOA | $0 | $238 |
| Days on market | 27 | 56 |
Oct 13, 2026
$2,995,000
Initial Listing
Apr 7, 1995
$565,500
Public Record