1871 Marcheeta Place, Los Angeles, California 90069, Los Angeles, 90069 - 4 bed, 4 bath
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Los Angeles, California 90069
This Premier Development Asset is listed at $6,995,000, representing a strategic entry point at its $6,995,000 Fair Market Value. Spanning nearly 1.5 acres of flat, buildable land in the prestigious Doheny Estates, the property offers an unmatched canvas for a world-class compound. With a Condition Rating of 6, the existing structure is secondary to the site’s Panoramic City, Mountain, and Ocean Views. Positioned at the end of a cul-de-sac with an existing pool and patio, this is a rare acquisition for Luxury Developers or Ultra-High-Net-Worth End Users.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1871 Marcheeta Place Subject | $6,995,000* List Price | 4 | 4 | 2,855 | $2,450 | - |
A 8900 Evanview Drive Active | $6,850,000 List Price | 3 | 4 | 3,202 | $2,139 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property was built in 1964 (60 years ago). While the interior images show a clean and functional house with some updated elements in the kitchen, the bathrooms are significantly dated. Crucially, the listing description explicitly markets this as a 'rare and extraordinary development offering' to 'design and construct a world class architectural compound,' indicating that the value is based solely on the nearly 1.5 acres of flat, buildable land and its potential for redevelopment, rather than the existing structure. The current house, despite being livable, is not the asset being sold and would likely be demolished to make way for a new luxury estate.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 57022, living area = 2855.
This property is explicitly marketed as a rare and extraordinary development offering, providing an unmatched opportunity to design and construct a world-class architectural compound on a significant land parcel.
Situated on prestigious Marcheeta Place in prime Doheny Estates, moments from Beverly Hills and the Sunset Strip, surrounded by iconic estates, ensuring a highly desirable and exclusive address.
As a development offering, the purchase price is only the initial investment; substantial additional capital will be required for design, permitting, and construction of a new luxury residence.
The mention of individual parcel availability 'subject to a potential lot line readjustment or subdivision' suggests potential bureaucratic processes, time, and costs associated with reconfiguring the land.
The high price point ($7.8 million) for a development site, coupled with the need for extensive additional investment, targets a very specific and limited pool of ultra-high-net-worth individuals or experienced luxury developers.
A rare and extraordinary development offering on prestigious Marcheeta Place in the hills of Los Angeles. Perfectly positioned at the end of a serene cul de sac in prime Doheny Estates, this combined property spans nearly 1.5 acres across two contiguous parcels of flat, buildable land capturing sweeping city and canyon views. This site presents an unmatched opportunity for a developer or end user to design and construct a world class architectural compound of exceptional scale and presence. Surrounded by iconic estates and moments from the best of Beverly Hills and the Sunset Strip, the property delivers the ultimate setting for privacy and prestige. The parcels are also available individually, subject to a potential lot line readjustment or subdivision. A truly unique chance to create a legacy residence in one of Los Angeles's most desirable locations.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 2,855 | 2,580 | 51% |
| Lot Size | 57,022 | 7,299 | 97% |
| Price | $7.00M | $3.27M | 86% |
| Price per sq ft | $2.5K | $1.2K | 98% |
| Built year | 1964 | 1951 | 71% |
| HOA | $0 | $0 | 50% |
| Days on market | 180 | 198 | 41% |
Mar 12, 2026
$6,995,000
$7,800,000
-10% Price Drop
Initial Listing
Jan 27, 2026
$7,800,000
$8,800,000
-11% Price Drop
Initial Listing
Oct 24, 2025
$8,800,000
Initial Listing