
Los Angeles, California 90077
This property presents a High-Potential Investment Opportunity with a List Price of $1,395,000—positioned slightly above the $1,380,128 Fair Market Value. While the home carries a Poor Condition Rating, it is delivered with RTI (Ready to Issue) Plans, effectively bypassing years of permitting delays. The expansive 20,685 sqft lot and Canyon/Hills views provide a rare canvas for a high-end hillside retreat. This asset is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to execute a custom architectural vision in a prime location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1843 N Beverly Glen Subject 3 bd · 3 ba · 1,449 sqft · $893 | $1,295,000* List Price | 3 | 3 | 1,449 | $893 | - |
A 10335 Oletha Lane Active 2 bd · 2 ba · 1,630 sqft · $858 · 0.3 mi | $1,399,000 List Price | 2 | 2 | 1,630 | $858 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1918, this 100+ year old property is explicitly marketed as a rehab project 'waiting to be refurbished' and includes RTI (Ready to Issue) plans for structural requirements and a full remodel. While the interior appears clean in photos, the listing's emphasis on structural needs and major renovation plans places it in the poor category rather than fair.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20685, living area = 1449.
The property is delivered with a complete set of RTI (Ready to Issue) plans for remodel and structural work, bypassing years of city permitting and saving the buyer significant architectural and holding costs.
Situated on over 20,000 square feet of land surrounded by native oaks and pines, this property offers a rare level of seclusion and a 'tree-house' oasis feel in a prime canyon location.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1449, other record living area = 1874.
As an 'artists retreat' waiting to be refurbished, the property requires substantial structural and cosmetic investment, making it unsuitable for buyers seeking a move-in ready home.
Originally built in 1918, the home likely possesses dated systems and a smaller footprint that may necessitate a near-total overhaul to meet modern luxury standards in the Bel Air area.
Tucked away on just over a 20,000 square feet of privacy, dotted with native oak and California pines, this eclectic tree-house styled artists retreat is waiting to be refurbished into your own private hillside oasis. This home will be delivered with a complete set of RTI (ready to issue) plans for the remodel and structural requirements. All of the heavy lifting has been done so your buyer can move forward quickly with the remodel instead of dealing with the city for years on permitting, etc. saving you 100's of 1,000's in holding/permitting, architectural fees. The main home boasts 3 bedrooms and 3 bathrooms, while the the master retreat sits on the top level, affording tree-line views of the surrounding canyon. A wrap-around deck with access to the 2nd bedroom is perfectly laid out, giving you close to 1,000 square feet of entertaining space. The basement level features the 3rd bedroom with its own en-suite bathroom, kitchenette and exterior door; making the perfect guest/office/nanny quarters. The kitchen lies just off the living room with direct access out to the expansive wood deck. Perfect for entertaining with ease. There is also an additional out-building next to the main house, which could be used as a yoga retreat/office or additional storage. This home sets up for ultimate privacy, convenience and style and is the perfect end-user opportunity. It would also be an exceptional short term rental property due to it's close proximity to all things located in the Beverly Hills area, with additional hiking and biking in the wilderness canyon. For additional info re; Plans/permitting please call listing agent. Thank you.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,449 | 1,670.836 |
| Lot Size | 20,685 | 6,152.156 |
| Price | $1.29M | $1.34M |
| Price per sq ft | $894 | $807 |
| Built year | 1918 | 1941 |
| HOA | $0 | $238 |
| Days on market | 34 | 56 |
Nov 6, 2026
$1,295,000
$1,395,000
-7% Price Drop
Initial Listing
Oct 6, 2026
$1,395,000
Initial Listing
May 5, 2020
$500,000
Public Record
May 4, 2015
$1,307,500
Public Record
Jun 10, 2011
$900,000
Public Record
Nov 8, 1996
$525,000
Public Record