
Los Angeles, California 90077
This Bel-Air Redevelopment Opportunity is a strategic asset listed at $2,650,000. Positioned above the $2,335,422 Fair Market Value, the price reflects the significant premium for its prestigious address and Sweeping Mountain Views. With a Condition Score of 5, the 1962 structure requires a full-scale renovation, but the 11,109 sqft lot and pool offer significant potential for forced appreciation through expansion or a complete rebuild. Access to Warner Avenue Elementary (9/10) adds long-term residential stability. This is a high-upside project for Luxury Developers or Value-Add Investors looking to build equity in an elite enclave.
Property is extensive renovation needed.
Built in 1962 and sold in 'as-is' condition, this property requires substantial rehabilitation and updates. The listing description explicitly mentions the need for repairs and highlights its potential for redevelopment or expansion, indicating that the kitchen, bathrooms, and major systems are likely original or severely outdated and do not meet modern functional standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11109, living area = 2470.
Elementary School: Warner Avenue Elementary School (9/10).
Situated on the prestigious Bel Air Road, this property offers an elite address with significant long-term appreciation potential in one of the world's most exclusive neighborhoods.
Sold in 'as-is' condition, the 1962 structure requires substantial updates and repairs, which will demand a significant upfront capital investment beyond the purchase price.
The hillside topography may lead to increased engineering complexities and higher construction costs for any future foundation work or structural expansions.
Opportunity in Bel-Air. Two-story 4-bedroom, 3-bath home on a hillside lot with sweeping views of the Bel-Air mountains. The property includes a pool and offers strong potential for renovation, expansion, or redevelopment. Ideal for investors, developers, or buyers looking to re-imagine a property in a prime location. Property requires updates and repairs and is being sold as is.
No exterior & parking available.
Grades K-5 • 1.4 mi
Grades K-5 • 2.5 mi
Grades 6-8 • 4.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 4.0 | 44% |
| Square foot | 2,470 | 2,892 | 30% |
| Lot Size | 11,109 | 21,649 | 17% |
| Price | $2.65M | $3.04M | 41% |
| Price per sq ft | $1.1K | $968 | 61% |
| Built year | 1962 | 1968 | 44% |
| HOA | $0 | $0 | 50% |
| Days on market | 41 | 204 | 2% |
Mar 12, 2026
$2,650,000
Initial Listing
May 1, 2023
$2,340,000
Public Record