13511 Mulholland Drive, None, California 90210, , 90210 - 4 bed, 5 bath

13511 Mulholland Drive, None, California 90210 home-pic-0
ACTIVE$15,000,000
13511 Mulholland Drive, None, California 90210
4Beds
5Baths
2,905Sqft
1,359,715Lot

Price Vs. Estimate

Estimation data not available

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 = 1359715, living area = 2905.
Top Cons:
Age and Condition of Existing Structure: The current 1953-built ranch-style home (2905 sqft) is likely outdated and may require significant renovation or demolition for a buyer looking to maximize the property's potential, adding to overall project costs.

Compared to the nearby listings

Price:$15.00M vs avg $5.26M (+$9,735,000)83%
Size:2,905 sqft vs avg 3,946 sqft26%
Price/sqft:$5.2K vs avg $1.2K99%

More Insights

Built in 1953 (72 years old).
Condition: The property was built in 1953, making it over 70 years old. The listing description and property analysis explicitly state the existing ranch-style home is 'likely outdated and may require significant renovation or demolition' for a buyer looking to maximize the property's potential. The provided images are almost exclusively aerial shots focusing on the vast land and its development potential, with no interior photos whatsoever. This strongly suggests the existing structure is not considered an asset and its value is based solely on the land, aligning with the 'tear-down' criteria.
Year Built
1953
Close
-
List price
$15M
Original List price
$15M
Price/Sqft
$5,164
HOA
-
Days on market
-
Sold On
-
MLS number
25512799
Home ConditionTear down
Features
Excellent View: City Lights, Canyon, Hills
ViewCity Lights,Canyon,Hills

About this home

A truly rare opportunity a secluded, expansive 32-acre Mulholland canyon property, comprised of 8 contiguous parcels of land. Previously cherished for decades by a celebrity owner, this one-of-a-kind property is accessed from a private road off iconic Mulholland Drive. Beyond a secure gate you find a ranch style home resting on a tree-shaded plateau, surrounded by nature and sitting above a rustic, sprawling canyon, stretching well into the valley below. Blending privacy, nature and serenity, the park-like property offers tremendous width and depth, nearly as far as the eyes can see. This 90210 (Beverly Hills Post Office) location straddles the best of the Westside and the Valley. This perfectly situated property is an extraordinary, unparalleled canvas for development, whether imagined as one grand private estate or a collection of bespoke homes, the possibilities are as vast as the land itself. The rarity of this opportunity cannot be overstated. In a neighborhood filled with some of the most valuable homes in California, finding a property of this scale is virtually unheard of. Most parcels of land in this prestigious area are measured in mere fractions of this size, making this expansive offering a once-in-a-lifetime opportunity. Sale includes APNs: 2386-003-004, 2386-002-005, 2386-010-008, 2386-010-009, 2386-003-003, 2386-011-002, 2386-006-002, 2386-006-001.

Price History

Date
Event
Price
11/14/16
Sold
$6,000,000
Condition Rating
Tear down

The property was built in 1953, making it over 70 years old. The listing description and property analysis explicitly state the existing ranch-style home is 'likely outdated and may require significant renovation or demolition' for a buyer looking to maximize the property's potential. The provided images are almost exclusively aerial shots focusing on the vast land and its development potential, with no interior photos whatsoever. This strongly suggests the existing structure is not considered an asset and its value is based solely on the land, aligning with the 'tear-down' criteria.
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 = 1359715, living area = 2905.
Exceptional Development Potential: An expansive 32-acre property comprised of 8 contiguous parcels, offering an unparalleled canvas for creating a grand private estate or a collection of bespoke homes.
Unrivaled Scale & Rarity: A once-in-a-lifetime opportunity to acquire a property of this immense size in the highly prestigious 90210 area, where such large parcels are virtually unheard of.
Prime Beverly Hills Post Office Location: Situated in the coveted 90210 zip code, straddling the best of the Westside and the Valley, ensuring high desirability and long-term value.
Ultimate Privacy & Seclusion: Accessed via a private road off iconic Mulholland Drive, behind a secure gate, offering a serene and secluded environment surrounded by nature.
Panoramic Canyon & City Views: The elevated position provides expansive views of the rustic canyon, stretching into the valley below, and city lights, enhancing the property's aesthetic appeal.

Cons

Age and Condition of Existing Structure: The current 1953-built ranch-style home (2905 sqft) is likely outdated and may require significant renovation or demolition for a buyer looking to maximize the property's potential, adding to overall project costs.
Substantial Investment Beyond Purchase Price: The $15 million list price is just the entry point; significant additional capital will be required for development, infrastructure, and construction to realize the property's full potential, narrowing the buyer pool.
Complex Development Process: Developing 8 contiguous parcels on a canyon property in a high-value area will likely involve extensive planning, permitting, and regulatory challenges, potentially leading to a lengthy and costly development timeline.

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