1871 Marcheeta Place, Los Angeles, California 90069, Los Angeles, 90069 - 4 bed, 4 bath
1871 Marcheeta Place
Los Angeles, California 90069
Property Price
SUMMARY
Analysis of 1871 Marcheeta Place, Los Angeles, California 90069 reveals a Fairly Priced Property with a current list price of $7,800,000 aligned with the estimated $7,800,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. 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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1871 Marcheeta Place Subject | $7,800,000* List Price | 4 | 4 | 2,855 | $2,732 | - |
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.
Condition Analysis
OVERALL CONDITION SCORE
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.
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 = 57022, living area = 2855.
- Exceptional Development Opportunity
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.
- Prime & Prestigious Location
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.
CONSRISKS & DEFICIENCIES
- Significant Capital Investment Required
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.
- Potential Regulatory Complexities
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.
- Niche Buyer Market
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.
About 1871 Marcheeta Place
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1964
- Lot Size
- 57,022 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 53% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 2,855 | 2,855 | 50% |
| Lot Size | 57,022 | 8,303 | 97% |
| Price | $7.80M | $3.25M | 83% |
| Price per sq ft | $2.7K | $1.1K | 97% |
| Built year | 1964 | 1952 | 69% |
| HOA | $0 | $0 | 50% |
| Days on market | 133 | 179 | 20% |
Pricing History
Listed for Sale
Jan 27, 2026
$7,800,000
$8,800,000
-11% Price Drop
Initial Listing
Price Change
Oct 24, 2025
$8,800,000
Initial Listing