224 Glenroy Place, Los Angeles, California 90049, Los Angeles, 90049 - 4 bed, 4 bath
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Los Angeles, California 90049
This Luxury Bel Air Estate is a Prime Investment Opportunity, listed at $7,499,000—positioned below the $7,694,352 Fair Market Value by 2%. This valuation gap offers $195,352 in Instant Equity. Currently in Excellent Condition featuring a chef’s kitchen and panoramic ocean views, the property includes RTI-approved plans for a 9,000 sq. ft. contemporary mansion on a massive 31,399 sq. ft. lot. This "shovel-ready" asset balances immediate high-end living with significant redevelopment upside. It is a premier acquisition for Luxury Developers or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 224 Glenroy Place Subject | $7,499,000* List Price | 4 | 4 | 3,018 | $2,549 | - |
A 1087 Moraga Drive Active | $6,995,000 List Price | 3 | 5 | 3,948 | $1,772 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1948, the property has undergone an extensive high-end renovation that meets current luxury standards. The kitchen is outfitted with premium Miele, Wolf, and Sub-Zero appliances and Caesarstone countertops, while the interior features contemporary light oak flooring, recessed lighting, and large sliding glass doors. The exterior is equally well-maintained with modern glass-panel garage doors and a large deck with glass railings, indicating no deferred maintenance and a virtually new condition for all major aesthetic and functional components.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 31399, living area = 3018.
The property includes RTI-approved plans for a nearly 9,000 sq. ft. contemporary estate, offering a rare 'shovel-ready' opportunity that bypasses the lengthy and complex Los Angeles permitting process.
Situated behind a gated entry in a lower Bel Air setting, the home offers a private retreat with panoramic vistas spanning from the canyon to the city and ocean.
The $7.499M price point is heavily predicated on the RTI plans and redevelopment potential, which may not align with buyers seeking a move-in ready home without the intention of further construction.
Originally built in 1948, the current 3,018 sq. ft. home is significantly smaller than the surrounding luxury estates, potentially requiring a full rebuild to maximize the site's market value.
Private, single-level home located on approximately acre in a lower Bel Air setting. A gated entry with a setback from the street provides privacy. Property offers canyon and city-to-ocean views. Interior features include light oak flooring and an open floor plan with large sliding glass doors connecting the main living areas to the rear yard. Kitchen equipped with Miele, Wolf, and Sub-Zero appliances, and Caesar stone countertops. Additional features include a three-car garage (currently used as a gym), a staff/maid's room off the kitchen, and a den suitable for use as an office, media room, or guest space. Outdoor space includes a flat lawn and a lower pad with potential for pool, ADU, or future expansion (buyer to verify). Property offers opportunity for redevelopment or customization. Sale includes RTI-approved plans for a contemporary estate and guest house totaling approximately 8,968 sq ft, featuring 6 bedrooms and 8 bathrooms (buyer to verify). Located in a desirable Bel Air area with development potential.
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 | 3,018 | 3,076 | 48% |
| Lot Size | 31,399 | 11,147 | 88% |
| Price | $7.50M | $3.90M | 77% |
| Price per sq ft | $2.5K | $1.4K | 93% |
| Built year | 1948 | 1955 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 19 | 198 | 1% |
Apr 3, 2026
$7,499,000
Initial Listing
Nov 18, 2021
$6,350,000
Public Record
Dec 19, 2017
$4,305,000
Public Record
Aug 20, 2003
$1,759,000
Public Record