
Los Angeles, California 90049
This Architectural Late Modern Masterpiece is a Strong Value Opportunity, listed at $4,395,000—positioned well below the $4,820,212 Fair Market Value by 8%. This valuation gap provides $425,212 in Instant Equity. Boasting an Excellent Condition Rating after a meticulous restoration, the residence features panoramic ocean views, 18-foot redwood ceilings, and a pioneering passive solar design. With an unfinished basement for added value, this is a premier acquisition for Design-Conscious Homeowners or Luxury Asset Collectors seeking a turnkey sanctuary with significant financial upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12268 Canna Road Subject | $4,395,000* List Price | 4 | 3 | 3,707 | $1,302 | - |
A 840 N Kenter Avenue Sold | $4,400,000 | 4 | 5 | 3,706 | $1,187 | 0.6 mi |
B 1024 Lindenwood Lane Sold | $3,535,000 | 3 | 3 | 2,898 | $1,220 | 0.3 mi |
C 1401 N Bundy Drive Active | $5,150,000 List Price | 4 | 6 | 4,651 | $1,107 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1977, this architectural masterpiece has been completely restored and extensively updated, appearing in like-new condition. The interior features high-end custom cabinetry, a modern galley kitchen with premium finishes, and a signature 18-foot Clear Heart Redwood ceiling. The property boasts updated lighting fixtures, pristine flooring, and well-maintained systems that meet current luxury standards. The restoration has eliminated deferred maintenance, making it a turnkey, high-quality residence.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17227, living area = 3707.
Designed by Martin Gelber and mentored by legends A. Quincy Jones and Richard Neutra, this restored Late Modern masterpiece offers significant historical value and unique sculptural design.
The property boasts dramatic, panoramic views of the canyon, city, and ocean, perfectly framed by expansive floor-to-ceiling windows throughout the living spaces.
The kitchen features a galley layout which, despite custom cabinetry, may feel restrictive to buyers who prefer a more open-concept or island-centric culinary space.
The unfinished basement requires additional capital investment and construction to be converted into functional living space, which may deter buyers looking for a fully turnkey experience.
An extremely rare Late Modern masterpiece, completely restored, updated and located in the architecturally significant Crestwood Hills. The Gelber Residence was designed by the esteemed architect, Martin Gelber, FAIA, who was mentored by such architectural giants as, A. Quincy Jones and Richard Neutra. Not only a rare but a beautifully private property with dramatic views of the canyon, city, and ocean. As you step into the house, all the natural light immediately strikes you, the beautiful sculptural design, and the floor-to-ceiling windows all framing the stunning views. To your right is a studio/office space looking out on those views. To the left, you find a den/bedroom, bath, and the ensuite primary bedroom with a fireplace and those forever views. Down the ergonomically designed stairway, an oculus lights the way, to the left is a guest bedroom with its own entrance, deck and hall bath. Turning to the right and opening in front of you is the dining room, living room, conversation area, bar, fireplace, and the galley kitchen, all graced by the custom 18-foot, Clear Heart Redwood ceiling. Surrounding it all is the deck and views. Entertain an intimate group or big party. This property lends itself to both. All cabinetry is custom-made and created to make a simple but powerful architectural statement. The exterior is made of clean angular lines or "fins". This sustainable design is specifically created to keep the house cool in the summer and warm in the winter. Because of this unique energy-conserving element, the property was certified as the first passive solar house in California. In keeping with the sustainable energy-saving properties, the house is also designed to catch cross breezes. Indoors and out, the openness and quiet extends in all directions. Four currents in the Modernism of the 1970's are in perfect balance here. They are the rich, unadorned redwood, the expanses of glass, the striking long lines, and geometry of the house. An unfinished basement allows you to customize for yourself, as does the huge lot allow for additions as you please. If you know, you know.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 4.0 | 39% |
| Square foot | 3,707 | 3,092.5 | 65% |
| Lot Size | 17,227 | 11,235.5 | 66% |
| Price | $4.39M | $3.88M | 59% |
| Price per sq ft | $1.2K | $1.3K | 31% |
| Built year | 1977 | 1955 | 79% |
| HOA | $0 | $0 | 50% |
| Days on market | 34 | 197 | 2% |
Mar 19, 2026
$4,395,000
Initial Listing