11222 Bellagio Road, Los Angeles, California 90049, Los Angeles, 90049 - 2 bed, 3 bath

11222 Bellagio Road, Los Angeles, California 90049 home-pic-0
ACTIVE$5,918,000$2,446/sqft
11222 Bellagio Road, Los Angeles, California 90049
2Beds
3Baths
2,446Sqft
25,475Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top 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 = 25475, living area = 2446.
Top Cons:
Demolition Required: The existing 1951-built structure is likely a tear-down, incurring additional demolition costs and project timelines for a new development.

Compared to the nearby listings

Price:$5.92M vs avg $3.90M (+$2,023,000)72%
Size:2,446 sqft vs avg 3,127 sqft24%
Price/sqft:$2.4K vs avg $1.3K95%

More Insights

Built in 1951 (75 years old).
Condition: The property, built in 1951, is explicitly described as a 'rare development opportunity' with the existing structure 'likely a tear-down' according to the property analysis. The listing focuses entirely on the land's potential for a new 8,594 SF residence, indicating the current structure is considered beyond repair or not worth renovating. The images show an older, unmaintained exterior, further supporting the tear-down assessment.
Year Built
1951
Close
-
List price
$5.92M
Original List price
$5.92M
Price/Sqft
$2,419
HOA
-
Days on market
-
Sold On
-
MLS number
25526897
Home ConditionTear down
Features
Good View: Canyon, Ocean
ViewCanyon, Ocean

About this home

One of the true Bel-Air parcels which can naturally support a sprawling residence equally stately and romantic, 11222 Bellagio Road is a rare development opportunity. The lot is 25,470 SF (.58 acres), 15,000 SF of which is completely flat today. A proposed retaining wall will add another approx. 5,000 SF of flat land bringing the total to approx. 20,000 SF. The property sits within the 1927 plan for Bel-Air, paved and situated before Alphonzo Bell relinquished artistic control of Bel-Air at the beginning of the Great Depression. Today the virtues of Bell's design for this part of Bel-Air continue to draw prestige and investment unparalleled elsewhere in Los Angeles, and the world. Two-hundred feet from 11222 Bellagio rises arguably the most valuable residence in America at 11101 Chalon Road. Designs commissioned by the seller for a new 8,594 SF house attest to the quality of this parcel of land. While many new houses of such size in Bel-Air, Holmby Hills or Beverly Hills result in rooms facing dark side yards, retaining walls, etc., all the rooms in the planned estate on this lot open onto the sunny backyard and its views.

A
Ariel Efraim
Listing Agent

Price History

Date
Event
Price
11/06/20
Sold
$3,227,000
Condition Rating
Tear down

The property, built in 1951, is explicitly described as a 'rare development opportunity' with the existing structure 'likely a tear-down' according to the property analysis. The listing focuses entirely on the land's potential for a new 8,594 SF residence, indicating the current structure is considered beyond repair or not worth renovating. The images show an older, unmaintained exterior, further supporting the tear-down assessment.
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 = 25475, living area = 2446.
Unrivaled Location: Situated in the highly exclusive and prestigious Bel-Air neighborhood, known for its luxury estates and significant investment value, with proximity to iconic properties.
Exceptional Development Potential: A rare opportunity for a custom luxury estate, with seller-commissioned designs for an 8,594 SF residence, indicating clear development vision and potential.
Substantial Flat Land: Offers a significant 15,000 SF of flat land, with the potential to expand to 20,000 SF, a highly valuable asset for large-scale construction in the Bel-Air hills.
Premium Views: Boasts desirable Canyon and Ocean views, a key selling point for high-end properties in Los Angeles, enhancing future property value.
Historical & Architectural Pedigree: Part of the original 1927 Bel-Air plan, preserving the area's esteemed design principles, which contributes to its unique prestige and long-term value.

Cons

Demolition Required: The existing 1951-built structure is likely a tear-down, incurring additional demolition costs and project timelines for a new development.
Significant Development Investment: Realizing the vision of an 8,594 SF estate will require substantial capital investment for construction, permits, and potential site work like retaining walls.
High Barrier to Entry: The $5.918 million list price positions this as a high-value land acquisition, narrowing the target market to ultra-high-net-worth individuals or experienced luxury developers.
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