129 N Almont Drive, Los Angeles, California 90048, Los Angeles, 90048 - 2 bed, 2 bath
129 N Almont Drive
Los Angeles, California 90048
Property Price
SUMMARY
Analysis of 129 N Almont Drive, Los Angeles, California 90048 reveals a property with a current list price of $1,900,000, which is 8% above the estimated $1,751,485 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 129 N Almont Drive Subject | $1,900,000* List Price | 2 | 2 | 1,162 | $1,507 | - |
A 453 N Flores Street Sold | $1,800,000 | 2 | 1 | 1,187 | $1,516 | 1.0 mi |
B 8748 Ashcroft Avenue Sold | $1,875,000 | 2 | 2 | 1,300 | $1,442 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
The property is explicitly marketed as a teardown or major redevelopment opportunity. Built in 1925, the original structure is significantly dated and the listing description encourages demolition to build a new home. While there is a newer permitted accessory space above the garage, the primary residence's value is based on the land and its potential for a complete rebuild.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: West Hollywood Elementary School (9/10). High School: Beverly Hills High School (9/10).
- Prime Location & Walkability
Situated in a highly coveted pocket of Los Angeles, the property offers exceptional walkability to Beverly Hills, Bristol Farms, high-end shopping, and Cedars-Sinai Medical Center.
- Development Potential
The 6,499 sqft lot provides a significant opportunity for developers or owner-users to rebuild, expand, or create a custom luxury residence in a high-demand neighborhood.
CONSRISKS & DEFICIENCIES
- Dated and Small Main Structure
The original 1925 structure is only 1,162 sqft and is marketed primarily as a teardown or major renovation project, requiring significant additional capital investment.
- High Entry Cost for Project
At a $1.9M list price, the property is positioned as a land-value play, which may be a high barrier to entry for buyers who still need to fund a complete rebuild.
About 129 N Almont Drive
A great opportunity to acquire a property in a prime location and rebuild the existing structure, add square footage, or demolish to build your dream home. Walk to Beverly Hills, Bristol Farms, restaurants, high-end shops, and Cedars-Sinai Hospital. The two car garage was rebuilt to add a Rec Room/Office above that includes a kitchentte and bathroom. Permitted and Certificate of Occupancy was issued upon its' completion.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1925
- Lot Size
- 6,499 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Rosewood Avenue Elementary School, School for Advanced Studies
Grades K-6 • 0.9 mi
West Hollywood Elementary School
Grades K-5 • 0.9 mi
Hancock Park Elementary School
Grades K-5 • 1.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 15% |
| Baths | 2.0 | 3.0 | 28% |
| Square foot | 1,162 | 2,216 | 11% |
| Lot Size | 6,499 | 6,182 | 60% |
| Price | $1.90M | $2.55M | 21% |
| Price per sq ft | $1.6K | $1.1K | 91% |
| Built year | 1925 | 1929 | 19% |
| HOA | $0 | $0 | 50% |
| Days on market | 18 | 176 | 2% |
Pricing History
Listed for Sale
Feb 16, 2026
$1,900,000
Initial Listing