
Los Angeles, California 90049
This property presents a High-Potential Investment Opportunity with a List Price of $11,500,000—positioned well below the $11,654,641 Fair Market Value by 1.3%. This valuation gap offers $154,641 in Instant Equity. With a Condition Rating of 6, the 1923 residence serves as a blank canvas for a total restoration or new build on its expansive 27,836 sqft lot. Featuring a Prestigious Rim Location with Canyon Views, this is an ideal acquisition for Luxury Developers or High-Net-Worth Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 121 S Rockingham Avenue Subject | $11,500,000* List Price | 4 | 6 | 4,118 | $2,830 | - |
A 240 S Bristol Avenue Active | $9,500,000 List Price | 4 | 8 | 2,869 | $3,311 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1923 and marketed for the first time in 27 years, the property is over 100 years old with no evidence of recent renovation. The listing explicitly suggests the site as a 'blank canvas' to 'build new' and includes renderings of a cleared lot, indicating the value is primarily in the land.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 27836, living area = 4118.
Situated on the coveted Rockingham Rim in Brentwood Park, this property offers exceptional privacy and canyon views in one of Los Angeles' most exclusive and sought-after enclaves.
The estate features over half an acre of rare, flat land, providing a premium and versatile footprint for a significant architectural project or luxury estate expansion.
The existing 1923 residence is positioned as a blank canvas, requiring a total restoration or complete demolition, which adds substantial time and cost to the investment.
With an $11.5 million list price primarily for land value, the total capital commitment after construction will require a buyer with significant liquidity and a high-end budget.
Available for the first time in 52 years, 121 S Rockingham presents a rare opportunity to acquire a Rockingham Rim estate in the heart of Brentwood Park, one of the most prestigious enclaves in Los Angeles. Set on over half an acre of flat land, the property occupies a coveted Rim position with canyon and tree top views, a setting that has long drawn some of the city's most notable residents. Towering mature trees surround the grounds, providing exceptional privacy and a true sense of country living moments south of Sunset. The existing 4,100 square foot residence offers the next owner a blank canvas to restore, reimagine, or build new. A blue chip offering on a street that rarely sees inventory of this caliber. Some images are renderings or have been digitally altered to present the property as a cleared lot for illustrative purposes only.
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 | 4,118 | 1,672 |
| Lot Size | 27,836 | 6,067 |
| Price | $11.50M | $1.37M |
| Price per sq ft | $2.8K | $801 |
| Built year | 1923 | 1939 |
| HOA | $0 | $348 |
| Days on market | 73 | 56 |
May 11, 2026
$11,500,000
Initial Listing