1537 Viewsite Terrace, Los Angeles, California 90069, Los Angeles, 90069 - 3 bed, 3 bath
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Los Angeles, California 90069
This Mid-Century Restoration Estate represents a High-Potential Investment Opportunity with a List Price of $2,495,000—positioned below the $2,509,581 Fair Market Value by 1%. This entry point secures $14,581 in Instant Equity for a property with a Condition Rating of 4. Featuring an expansive 18,857 sqft lot and Iconic Panoramic Views, the site offers massive development upside. The architectural character, including a swimmer’s kidney pool and walls of glass, provides a solid foundation for a high-end value-add project. This is an elite acquisition for Luxury Developers or Design-Focused Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1537 Viewsite Terrace Subject | $2,495,000* List Price | 3 | 3 | 2,276 | $1,103 | - |
A 9400 Sierra Mar Drive Sold | $2,175,000 | 3 | 2 | 2,229 | $976 | 0.8 mi |
B 1888 N Crescent Heights Boulevard Pending | $2,995,000 List Price | 3 | 3 | 3,175 | $943 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1948, this mid-century home is well-maintained and staged but features outdated finishes. The kitchen and bathrooms appear to have been last updated 20-30 years ago, featuring older tile work, cabinetry, and appliances. While functional and livable, the listing and property analysis explicitly identify the estate as a restoration project or development opportunity, indicating that major systems and aesthetic components require modernization to meet current luxury standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 18857, living area = 2276.
Perched above the Sunset Strip, the property offers breathtaking jetliner views stretching from Century City to the Pacific Ocean, providing a quintessential Los Angeles backdrop from nearly every room.
The estate retains its bold modernist soul with a dramatic double-sided stainless steel fireplace, parquet flooring, and floor-to-ceiling glass walls that seamlessly blend indoor and outdoor living.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 1.
Built in 1948, the home is positioned as a restoration project or a development opportunity, suggesting that substantial capital investment is required to modernize the systems and finishes.
The current list price of $2.495M is notably lower than the previous 2020 sale price of $3M, which may indicate underlying condition issues or a correction in the property's specific market valuation.
Perched on a quiet cul-de-sac above the Sunset Strip, this striking mid-century estate captures sweeping panoramic city views stretching across Century City and beyond. The residence offers a rare blend of privacy, character, and iconic Los Angeles vistas. The home is anchored by a dramatic living room featuring a stately double-sided stainless steel fireplace, an architectural centerpiece that reflects the era's bold, modernist sensibility. Parquet wood floors add warmth and character, while walls of glass frame the skyline and invite natural light throughout. Designed for quintessential indoor-outdoor living, the expansive yard features a swimmer's kidney pool set against a backdrop of glittering city lights. The primary suite is ideally positioned to take in jetliner west-facing views, delivering striking sunsets and a true sense of elevation above the city. A compelling opportunity to preserve and enhance a classic mid-century property or reimagine it into a modern architectural statement, this offering combines location, views, and design pedigree in one of the Hollywood Hills' most coveted settings.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 4.0 | 42% |
| Square foot | 2,276 | 2,521 | 37% |
| Lot Size | 18,857 | 7,299 | 86% |
| Price | $2.50M | $3.25M | 42% |
| Price per sq ft | $1.1K | $1.1K | 41% |
| Built year | 1948 | 1949 | 47% |
| HOA | $0 | $0 | 50% |
| Days on market | 20 | 198 | 2% |
Apr 2, 2026
$2,495,000
Initial Listing
Oct 9, 2020
$3,000,000
Public Record