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16351 Sloan Drive, Los Angeles, California 90049, Los Angeles, 90049 - 5 bed, 5 bath

16351 Sloan Drive, Los Angeles, California 90049 home-pic-0
ACTIVE$3,500,000$3,840/sqft
Est. Value: $3,500,000
%
FairlyEstimate
16351 Sloan Drive, Los Angeles, California 90049
5Beds
5Baths
3,840Sqft
10,293Lot

Price Vs. Estimate

The estimated value ($3,500,000) is $0 (0%) lower than the list price ($3,500,000). This property may be overpriced.

Key pros and cons

Top Pros:
Great Schools: Elementary School: Fairburn Avenue Elementary School (9/10).
Top Cons:
Substantial Future Investment Required: As a development opportunity, the listed price is for the land and plans; the buyer will need to fund the entire multi-million dollar construction of the 4,200 sq. ft. estate, which is a significant additional cost.

Compared to the nearby listings

Price:$3.50M vs avg $3.88M ($-375,000)37%
Size:3,840 sqft vs avg 3,138 sqft67%
Price/sqft:$911 vs avg $1.3K10%

More Insights

Built in 2002 (24 years old).
Condition: This listing is explicitly marketed as a 'development opportunity' with 'RTI plans' for a 'future masterpiece.' The provided images are architectural renderings of the proposed new construction, not photos of an existing home. The property analysis confirms it is 'Non-Move-In Ready Status' and requires 'Substantial Future Investment' for construction. This indicates that any existing structure on the 2002-built lot is intended for demolition or a complete rebuild, with the value lying solely in the land and approved plans for redevelopment.
Year Built
2002
Close
-
List price
$3.5M
Original List price
$3.5M
Price/Sqft
$911
HOA
$1,080
Days on market
-
Sold On
-
MLS number
25520573
Home ConditionTear down
Features
Excellent View: City Lights, Mountain(s)
Pool
Spa
Patio
ViewCity Lights,Mountain(s)

About this home

Nestled in the prestigious Bel Air Sky Crest community, this extraordinary development opportunity presents a contemporary vision by the renowned Kami Rezai of Hi Tech Design. Boasting RTI plans for a magnificent 4,200 sq. ft. estate, this future masterpiece features 5 bedrooms, 5 bathrooms, and breathtaking panoramic city and mountain views. Designed for seamless indoor-outdoor living, the open-plan kitchen and living areas extend effortlessly to a private outdoor retreat, complete with a pool, spa, waterfall, fire pit, and barbecue area an entertainer's dream. The residence is set on an expansive lot, enhanced by approximately 3,500 sq. ft. of additional usable HOA land, offering both privacy and exclusivity.Positioned just south of the scenic Mulholland Corridor, this property provides easy access to the Westside and the Valley, while being located in the highly acclaimed Roscomare Road Elementary School District. A prime location for families, it is within close proximity to LA's top private schools, including Harvard-Westlake, Brentwood, Curtis, Buckley, and Mirman. Moments from Beverly Hills, Brentwood, and Bel Air, as well as cultural landmarks such as the Skirball Center and Getty Museum, this home offers the perfect balance of serenity and accessibility.Whether you're an investor, builder, or homeowner looking to create your dream estate, this is a rare opportunity to own a piece of architectural brilliance in one of Los Angeles' most coveted neighborhoods. Contact us for more details and to view the RTI-approved plans this exclusive offering won't last long!

A
Aaron Mejia
Listing Agent

Nearby schools

8/10
Lanai Road Elementary School
Public,•K-5•1.3mi
9/10
Roscomare Road Elementary School
Public,•K-5•1.6mi
9/10
Warner Avenue Elementary School
Public,•K-5•5.2mi
5/10
Brentwood Science School
Public,•K-5•5.5mi
9/10
Fairburn Avenue Elementary School
Public,•K-5•5.9mi
5/10
Brockton Avenue Elementary School
Public,•K-5•6.1mi
9/10
Franklin Elementary School
Public,•PK-5•6.2mi
7/10
Nora Sterry Elementary School
Public,•K-5•6.3mi
6/10
Gaspar De Portola Middle School
Public,•6-8•4.0mi
5/10
William Mulholland Middle School
Public,•6-8•4.3mi
8/10
Lincoln Middle School
Public,•6-8•7.0mi
6/10
Van Nuys Senior High School
Public,•9-12•4.5mi
6/10
University Senior High School
Public,•9-12•6.0mi
6/10
University Senior High School Charter
Public,•9-12•6.0mi
8/10
Santa Monica High School
Public,•9-12•8.2mi

Price History

Date
Event
Price
11/01/13
Sold
$1,800,000
09/17/01
Sold
$425,000
Condition Rating
Tear down
This listing is explicitly marketed as a 'development opportunity' with 'RTI plans' for a 'future masterpiece.' The provided images are architectural renderings of the proposed new construction, not photos of an existing home. The property analysis confirms it is 'Non-Move-In Ready Status' and requires 'Substantial Future Investment' for construction. This indicates that any existing structure on the 2002-built lot is intended for demolition or a complete rebuild, with the value lying solely in the land and approved plans for redevelopment.
Pros & Cons

Pros

Great Schools: Elementary School: Fairburn Avenue Elementary School (9/10).
Approved Development Opportunity: RTI (Ready-To-Issue) plans for a magnificent 4,200 sq. ft. estate by a renowned architect are already in place, significantly streamlining and de-risking the building process for a future owner.
Prime Bel Air Sky Crest Location: Nestled in the prestigious Bel Air Sky Crest community, this location offers exclusivity, high status, and excellent access to the Westside, Valley, Beverly Hills, Brentwood, and cultural landmarks.
Exceptional Panoramic Views: The property boasts breathtaking panoramic city and mountain views, a highly sought-after premium feature that enhances lifestyle and property value.
Generous & Exclusive Lot: An expansive 10,293 sq. ft. lot is complemented by approximately 3,500 sq. ft. of additional usable HOA land, providing enhanced privacy and ample space for luxury amenities like a pool, spa, and entertainment areas.
Access to Top-Rated Schools: Located within the highly acclaimed Roscomare Road Elementary School District and in close proximity to Los Angeles's top private schools, making it exceptionally attractive for families.

Cons

Substantial Future Investment Required: As a development opportunity, the listed price is for the land and plans; the buyer will need to fund the entire multi-million dollar construction of the 4,200 sq. ft. estate, which is a significant additional cost.
Non-Move-In Ready Status: The property is not move-in ready and requires a considerable time commitment and effort for the construction phase, making it unsuitable for buyers seeking immediate occupancy.
Ongoing HOA Fees: The property is subject to a recurring association fee of $1080.0, which adds to the overall cost of ownership and should be factored into the buyer's budget.
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