
Los Angeles, California 90049
This Traditional-style residence presents a High-Potential Investment Opportunity, listed at a List Price of $2,995,000—positioned slightly above the $2,950,596 Fair Market Value. While the property requires significant modernization, its Fair Condition Rating and expansive 15,875 sqft lot provide a rare canvas for value-add renovation in the prestigious Bel Air enclave. The home features a spacious 3,546 sqft floor plan with dual fireplaces and mature landscaping, offering substantial upside for Fix-and-Flip Investors or Owner-Occupants seeking to customize a legacy property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 131 Ashdale Avenue Subject | $2,995,000* List Price | 4 | 4 | 3,546 | $832 | - |
A 11376 Thurston Place Sold | $2,325,000 | 4 | 3 | 2,402 | $968 | 0.3 mi |
B 288 Tavistock Avenue Sold | $3,140,000 | 5 | 4 | 3,533 | $889 | 0.2 mi |
C 11500 Thurston Pending | $2,500,000 List Price | 4 | 4 | 3,292 | $759 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1950 with interior renovations (kitchen and baths) appearing to be over 25 years old, featuring dated tile countertops and older cabinetry. While the home is well-maintained and livable, the listing's emphasis on 'potential' and 'reimagining' confirms it needs significant cosmetic updates and likely system modernizations to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15875, living area = 3546.
Situated in the highly coveted Bel Air neighborhood, this property offers prestigious placement and exceptional long-term value in one of Los Angeles' most sought-after enclaves.
The expansive 15,875-square-foot lot features mature, lush landscaping and a large deck, providing a private and serene setting for outdoor living and entertaining.
Marketed as having 'endless potential' to 'reimagine,' the property likely requires a substantial capital investment to modernize its 1950s-era interiors and finishes.
Given the 1950 construction date, buyers should anticipate the need for potential upgrades to aging mechanical, electrical, or plumbing systems to meet contemporary luxury standards.
Charming Traditional with endless potential in the heart of Bel Air. Tucked away in the coveted Bel Air neighborhood, this inviting Traditional-style home offers timeless character, generous living spaces, and an exceptional opportunity to create a home uniquely your own. A gracious living room with fireplace opens to a light-filled formal dining room and spacious eat-in kitchen, all enjoying easy access to a large deck overlooking mature, lush landscaping, perfect for relaxed outdoor living and entertaining. The main level features a comfortable bedroom suite and convenient powder room. Downstairs, a generous family room with a second fireplace and bar area creates an ideal gathering space, while the private primary suite offers a walk-in closet and en-suite bath. Two additional bedrooms provide flexibility for family, guests, an office, or creative space, with direct access to the yard. A two-car garage adds convenience and functionality. With its wonderful scale, classic architecture, mature grounds, and enviable Bel Air setting. This is a rare opportunity to reimagine a timeless home and create something truly special in one of Los Angeles' most desirable neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 3,546 | 1,664.159 |
| Lot Size | 15,875 | 6,066.556 |
| Price | $3.00M | $1.35M |
| Price per sq ft | $845 | $806 |
| Built year | 1950 | 1939 |
| HOA | $0 | $278 |
| Days on market | 16 | 55 |
Aug 24, 2026
$2,995,000
Initial Listing