15739 Mulholland Place, Los Angeles, California 90049, Los Angeles, 90049 - 3 bed, 3 bath
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Los Angeles, California 90049
This High-Potential Development Asset is listed at $1,995,000, offering a rare "blank canvas" opportunity on legendary Mulholland Drive. While the $1,671,306 Fair Market Value reflects its current Condition Rating of 5, the property’s long-term value is anchored by 200 feet of unobstructed valley views and an expansive gated lot. Proximity to Top-Rated Schools like Curtis and Milken enhances its desirability for luxury redevelopment. This is a premier Value-Add acquisition perfectly suited for Developers or Visionary Investors looking to capitalize on one of Los Angeles' most iconic settings.
Property is extensive renovation needed.
Built in 1955 and offered for the first time in 50 years, this property is explicitly marketed as a 'blank canvas' for developers or a 'trophy project.' While the interior appears tidy and habitable in photos, the kitchen, bathrooms, and major systems are significantly outdated and require a total overhaul to meet the standards of the surrounding multi-million dollar neighborhood. The conversion of the garage and the age of the infrastructure suggest substantial rehabilitation is needed.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8475, living area = 1934.
The property boasts 200 feet of unobstructed, sweeping valley views from its elevated position on legendary Mulholland Drive, significantly increasing its long-term value.
Set on an expansive lot surrounded by multi-million dollar estates, this 'blank canvas' property is ideal for a luxury renovation, an ADU addition, or a ground-up trophy project.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Offered for the first time in 50 years and built in 1955, the home likely requires a total overhaul or teardown to meet the standards of modern luxury buyers.
The garage has been converted into a flexible creative space, which may be a drawback for owners requiring traditional, enclosed vehicle storage.
Tucked away at the end of a private cul-de-sac off legendary Mulholland Drive and offered for the first time in 50 years, this single-story California bungalow sits on an expansive lot with 200 ft of unobstructed sweeping views of the valley. Enter a gated driveway with motor court to this serene property perched high above the hustle, offering a rare opportunity to create your dream retreat in one of LA's most iconic settings. Whether you're an end-user with vision or a developer seeking your next trophy project, this property delivers. The existing home features a versatile floor plan with generously scaled rooms, vaulted ceilings, and tremendous natural light throughout. A converted garage provides additional flexible space, ideal for a potential art studio, creative workspace, gym, or storage. The back and side yard offer a true blank canvas with ample space for a pool, gardens, entertaining areas, or ADU. Surrounded by multi-million dollar estates and located within walking distance to some of the city's top schools; Curtis, Milken, Berkeley Hall, and Mirman, 15739 Mulholland Pl is an unparalleled opportunity, in a prime location with easy access to Brentwood, Bel-Air, Valley and Westside. Don't miss out!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 34% |
| Baths | 3.0 | 4.0 | 39% |
| Square foot | 1,934 | 3,063.5 | 15% |
| Lot Size | 8,475 | 11,070.5 | 29% |
| Price | $2.00M | $3.84M | 7% |
| Price per sq ft | $1.0K | $1.3K | 20% |
| Built year | 1955 | 1955 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 55 | 197 | 5% |
Feb 27, 2026
$1,995,000
Initial Listing