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$4,226,000$2,446/sqft
Est. Value: $4,226,000
%
FairlyEstimate
11222 Bellagio Road, Los Angeles, California 90049
2Beds
3Baths
2,446Sqft
25,475Lot

Price Vs. Estimate

The estimated value ($4,226,000) is $0 (0%) lower than the list price ($4,226,000). This property may be overpriced.

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:
Significant Development Investment Required: The property's value lies in its development potential, requiring substantial additional capital beyond the purchase price to construct a new luxury estate.

Compared to the nearby listings

Price:$4.23M vs avg $3.90M (+$331,000)57%
Size:2,446 sqft vs avg 3,127 sqft24%
Price/sqft:$1.7K vs avg $1.3K81%

More Insights

Built in 1951 (75 years old).
Condition: The property was built in 1951, making it over 70 years old. The listing description explicitly states that the current 2,446 sqft residence is 'likely considered a tear-down' and emphasizes the 'exceptional development opportunity' for a new, larger residence. The value is clearly placed on the land and its redevelopment potential, not the existing structure. The absence of any interior photos further supports that the current home is not a selling feature and is not intended for continued habitation without demolition.
Year Built
1951
Close
-
List price
$4.23M
Original List price
$5.2M
Price/Sqft
$1,728
HOA
-
Days on market
-
Sold On
-
MLS number
25539261
Home ConditionTear down
Features
Excellent View: City Lights, Canyon, Ocean
ViewCity Lights,Canyon,Ocean

About this home

A true Bel Air rarity and exceptional development opportunity, 11222 Bellagio Road offers one of the few remaining parcels capable of naturally supporting a residence that is both stately and romantic in scale. Encompassing apx. 25,470 square feet (.58 acres), the property currently includes apx. 15,000 square feet of flat land. A proposed retaining wall would expand the flat area by apx. 5,000 square feet, creating a total of around 20,000 square feet of level ground, ideal for a grand estate. Situated within the original 1927 plan for Bel Air, paved and laid out before Alphonzo Bell relinquished artistic control at the onset of the Great Depression, the property retains the enduring hallmarks of Bell's visionary design. This historic character continues to attract prestige and investment unmatched anywhere else in Los Angeles or the world. Located just 200 feet from what is arguably the most valuable private residence in America at 11101 Chalon Road, this parcel occupies an enviable position within the neighborhood. Architectural plans commissioned by the current owner for an apx. 8,594 square-foot residence underscore the unique development potential of the lot. Unlike many similarly scaled homes in Bel Air, Holmby Hills, or Beverly Hills, where rooms often face shaded side yards or imposing retaining walls, every room in the proposed design opens onto a sun-drenched backyard with scenic canyon and city views.

J
Jade Mills
Listing Agent

Price History

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

The property was built in 1951, making it over 70 years old. The listing description explicitly states that the current 2,446 sqft residence is 'likely considered a tear-down' and emphasizes the 'exceptional development opportunity' for a new, larger residence. The value is clearly placed on the land and its redevelopment potential, not the existing structure. The absence of any interior photos further supports that the current home is not a selling feature and is not intended for continued habitation without demolition.
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.
Elite Bel Air Location: Positioned in the historic 1927 Bel Air plan, attracting prestige, and in close proximity to one of America's most valuable private residences.
Exceptional Development Potential: A rare parcel capable of accommodating a grand, stately residence, offering a unique opportunity for custom estate creation.
Expansive & Developable Flat Land: Features 15,000 sqft of existing flat land, with potential to expand to 20,000 sqft, providing an ideal foundation for a large estate.
Pre-Commissioned Architectural Vision: Architectural plans for an 8,594 sqft residence are already commissioned, streamlining the development process for a future owner.
Superior Views & Natural Light: The proposed design maximizes sun exposure and offers scenic canyon, city, and ocean views from every room, a distinct advantage over comparable properties.

Cons

Significant Development Investment Required: The property's value lies in its development potential, requiring substantial additional capital beyond the purchase price to construct a new luxury estate.
Existing Structure's Limited Utility: The current 1951-built 2,446 sqft residence is likely considered a tear-down, adding to overall project costs and development timeline.
Recent Price Adjustment: The property has seen a significant price reduction from its original listing, which may suggest market resistance or a strategic move to attract buyers.
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