11556 Bellagio Road, Los Angeles, California 90049, Los Angeles, 90049 - 4 bed, 4 bath
ACTIVE$6,295,000$3,035/sqft
Est. Value: $5,568,331
-11%
AboveEstimate
11556 Bellagio Road, Los Angeles, California 90049
4Beds
4Baths
3,035Sqft
60,346Lot
Price Vs. Estimate
The estimated value ($5,568,330.9) is $726,669.1 (11%) lower than the list price ($6,295,000). 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 = 60346, living area = 3035.
Top Cons:
Age & Condition of Existing Structure: Built in 1956, the property's age suggests that the existing home likely requires extensive updating or a complete rebuild, incurring significant additional costs beyond the purchase price.
Compared to the nearby listings
Price:$6.29M vs avg $3.90M (+$2,400,000)76%
Size:3,035 sqft vs avg 3,127 sqft47%
Price/sqft:$2.1K vs avg $1.3K94%
More Insights
Built in 1956 (70 years old).
Condition: Built in 1956, this property retains its 'mid-century features and sensibility,' indicating a lack of significant modern updates. The property analysis explicitly states it 'likely requires extensive updating or a complete rebuild.' While technically livable, the kitchen and bathrooms are almost certainly original or very dated, with old appliances, fixtures, and finishes that require substantial renovation. Major systems are likely past their expected lifespan, making the home uncomfortable and inefficient by current standards and necessitating significant rehabilitation.
Year Built
1956
Close
-
List price
$6.29M
Original List price
$7.5M
Price/Sqft
$2,074
HOA
-
Days on market
-
Sold On
-
MLS number
25481857
Home ConditionPoor
Features
Excellent View: City Lights, Canyon, Ocean
Pool
Patio
ViewCity Lights,Canyon,Ocean
About this home
Tucked away on a private, gated, and secluded 1.4 acre lot along Bellagio Road in Bel Air, this single-story, architectural mid-century pool home offers an exceptional opportunity. Whether you choose to move in and start living, update the existing structure or build a brand-new residence, this property provides stunning views that stretch from the city to the ocean. The existing property offers a great floor plan along with mid century features and sensibility. A rare gem and truly remarkable find in one of Los Angeles' most prestigious neighborhoods.
M
Marcy Roth
Listing Agent
Price History
Date
Event
Price
05/08/14
Sold
$3,580,000
Condition Rating
Poor
Built in 1956, this property retains its 'mid-century features and sensibility,' indicating a lack of significant modern updates. The property analysis explicitly states it 'likely requires extensive updating or a complete rebuild.' While technically livable, the kitchen and bathrooms are almost certainly original or very dated, with old appliances, fixtures, and finishes that require substantial renovation. Major systems are likely past their expected lifespan, making the home uncomfortable and inefficient by current standards and necessitating significant rehabilitation.
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 = 60346, living area = 3035.
Prestigious Location & Privacy: Tucked away on a private, gated, and secluded 1.4-acre lot along Bellagio Road in Bel Air, offering unparalleled exclusivity and a highly sought-after address.
Expansive Development Potential: The generous 1.4-acre lot provides a rare opportunity for significant renovation of the existing mid-century home or the construction of a brand-new, custom luxury residence.
Breathtaking Panoramic Views: Features stunning, unobstructed views stretching from the city lights to the canyon and the Pacific Ocean, enhancing the property's appeal and long-term value.
Architectural Mid-Century Design: The existing single-story home boasts a desirable mid-century architectural style and a great floor plan, appealing to enthusiasts of this classic design era.
Significant Price Adjustment: The property has seen a substantial price reduction from its original list price of $7.5M to $6.295M, potentially offering a more attractive entry point for buyers.
Cons
Age & Condition of Existing Structure: Built in 1956, the property's age suggests that the existing home likely requires extensive updating or a complete rebuild, incurring significant additional costs beyond the purchase price.
Above Estimated Market Value: The current listing price of $6.295M is approximately 11% higher than the estimated market value of $5.568M, which may impact buyer perception and negotiation.
Substantial Future Investment Required: While offering potential, the property demands a considerable additional investment for either a comprehensive renovation or new construction, which could limit the pool of prospective buyers.