15739 Mulholland Place, Los Angeles, California 90049, Los Angeles, 90049 - 3 bed, 3 bath

15739 Mulholland Place, Los Angeles, California 90049 home-pic-0

15739 Mulholland Place

Los Angeles, California 90049

ACTIVE
CONDITION: POOR
3Beds
3Baths
1,934Sq Ft
8,475Lot Size

Property Price

LIST PRICE$1,995,000
EST. MARKET VALUE
$1,671,305
19% AboveMARKET VALUE

SUMMARY

Analysis of 15739 Mulholland Place, Los Angeles, California 90049 reveals a property with a current list price of $1,995,000, which is 19% above the estimated $1,671,305 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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

$1,671,305
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.

Condition Analysis

OVERALL CONDITION SCORE

Poor
TeardownExcellent

Property is extensive renovation needed.

Built in 1955 and offered for the first time in 50 years, the property is in largely original condition and requires substantial rehabilitation to meet modern standards. The kitchen features dated tile countertops and older white appliances, while the bathrooms retain vintage colored tiling and fixtures. The listing explicitly markets the property as a 'blank canvas' for developers or end-users with vision, indicating that major systems and finishes are at the end of their functional lifespan.

PROSSTRENGTHS & OPPORTUNITIES

  • 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 = 8475, living area = 1934.

  • Exceptional Panoramic Views

    The property boasts 200 feet of unobstructed, sweeping valley views, providing a rare and highly desirable backdrop that significantly enhances the home's market appeal and long-term value.

  • Prime Development Potential

    Offered for the first time in 50 years and situated on an expansive lot surrounded by multi-million dollar estates, this property represents a premier opportunity for a luxury renovation or a ground-up trophy project.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.

  • Dated Infrastructure

    Built in 1955, the home likely requires significant capital investment for modernization or structural updates to align with the standards of the surrounding high-end neighborhood.

  • Loss of Traditional Garage

    The conversion of the garage into a flexible studio space, while providing creative utility, eliminates traditional enclosed parking which may be a drawback for some luxury buyers.

About 15739 Mulholland Place

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!

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1955
Lot Size
8,475 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
3 (3 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.04.0
32%
Baths3.04.0
36%
Square foot1,9343,140.5
12%
Lot Size8,47511,647
27%
Price$2.00M$3.84M
7%
Price per sq ft$1.0K$1.3K
22%
Built year19551958
45%
HOA$0$0
50%
Days on market7182
1%

Pricing History

Listed for Sale

Feb 27, 2026

$1,995,000

Initial Listing

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